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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹50.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹50.00 Cr |
| Fresh Issue | ₹47.40 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹200.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543997 |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Arihant Capital Markets Ltd. |
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: 600 shares and in multiples thereof
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.
Organic Recycling Systems's business verticals include the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the Supply of Key Equipment. The company offers services such as EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more.
Organic Recycling Systems (ORS) also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
ORS has developed a patented DRY ANAEROBIC DIGESTION (DRYAD) technology which is capable of treating several kinds of waste and the same is also proven through its use in the Solapur plant.
Competitive Strength:
Proven Technology and capability.
Penetration into Multiple Business Verticals.
Lucrative Prospects of the Market.
UN Sustainability Development Goals.
Experience of the Promoters and Management personnel.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Reduction of the aggregate outstanding borrowings of the Company | 37.50 |
| 2 | Towards general corporate purposes | 10.48 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 119.31 | 106.69 | 102.73 |
| Total Income | 25.34 | 17.57 | 15.78 |
| Profit After Tax | 3.65 | -5.35 | -4.49 |
| NET Worth | 25.50 | 8.09 | 13.44 |
| Reserves and Surplus | 20.14 | 7.63 | 12.98 |
| Total Borrowing | 69.81 | 54.18 | 54.50 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 21.76% |
| ROCE | 13.06% |
| Debt / Equity | 2.70% |
| RoNW | 14.33% |
| PAT Margin | 14.78% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.83 | |
| P/E (x) | 25.54 | 42.11 |
| Promoter Holding | 30.14% | 20.35% |
| Market Cap | ₹153.99 Cr. | |
