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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹54.27 Cr |
| Reserved for Market Maker | ₹2.72 Cr |
| Net Issue Size | ₹54.27 Cr |
| Fresh Issue | ₹51.55 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹98.00-103.00 per share |
| BSE Code | 544794 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Horizon Reclaim (India) Ltd. specializes in converting discarded rubber waste into value-added reclaimed rubber products. The company utilizes materials such as worn-out tyres, inner tubes, tread scraps, and industrial rubber residues to manufacture eco-friendly rubber compounds for various industrial applications.
Product Range
Natural Rubber Reclaim: Manufactured from recycled tyre casings and tubes, this product is widely used in the production of footwear components, rubber mats, tyre underlayers, and other molded rubber goods.
Synthetic Rubber Reclaim: The company produces reclaimed EPDM and Butyl rubber grades that cater to industries requiring automotive weather strips, sealing systems, hoses, gaskets, and construction-related rubber profiles.
Crumb Rubber: Derived from processed scrap tyres, crumb rubber finds application in infrastructure and recreational projects, including asphalt modification, athletic tracks, playground surfaces, and roofing materials. The product is offered in multiple specifications to meet diverse customer requirements.
The company's business model is predominantly focused on industrial and commercial customers, supplying its products mainly to small and medium-sized enterprises across northwestern India.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 6.00 |
| 2 | Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company | 26.70 |
| 3 | Funding Capital Expenditure for the installation of additional Plant & Machinery | 9.43 |
| 4 | General Corporate Purposes | 7.80 |
| 5 | Issue expenses | 4.34 |
| Total | 54.27 |
Horizon Reclaim (India) Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 64.88 | 26.08 | 8.45 |
| Total Income | 50.01 | 36.39 | 20.44 |
| Profit After Tax | 10.50 | 7.07 | 0.71 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| NET Worth | 24.83 | 14.33 | 7.26 |
| Reserves and Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowing | 35.76 | 10.03 | |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 53.63% |
| ROCE | 25.45% |
| Debt / Equity | 1.44% |
| RoNW | 42.29% |
| PAT Margin | 21.25% |
| EBITDA Margin | 32.64% |
| Price to Book Value | 5.91 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.37 | 5.38 |
| P/E (x) | 13.97 | 19.14 |
| Promoter Holding | 95.84% | |
| Market Cap | ₹201.01 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting Fees | 2.71 |
| 3 | Fees payable to the Market maker to the Issue | 0.05 |
| 4 | Fees payable to the Registrar to the Issue | 0.03 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.13 |
| 7 | Payment for Printing & Stationary, Postage | 0.00 |
| 8 | Fees payable to Legal Advisors and other Professionals | 0.73 |
| 9 | Monitoring Agency | 0.06 |
| 10 | Other Expenses (includes Banker to the issue fee, marketing expenses for the Issue and listing related expense) | 0.18 |
| Total | 4.34 |
Last Updated on 22-Jul-2026 07:11:40
