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SME IPO Status: Listed [21st Sep 2023 to 26th Sep 2023]
Organic Recycling Systems Limited is launching its IPO at BSE SME. The total issue size of this SME IPO application is 50.00 Cr that is 100% fresh issue. One can apply in this IPO application from 21 Sept to 26 Sept 2023. The face value of each share is Rs 10. To apply in this SME IPO you have to buy at least one lot of 600 shares or its multiple at a fixed price of Rs 200 per share.
Keep visiting this website to get updated information about IPO details of Organic Recycling Systems Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 21st Sep 2023 |
| SME IPO Issue Closing Date: | 26th Sep 2023 |
| SME IPO Issue Price: | ₹200.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹50.00 Cr |
| Fresh Issue: | ₹50.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 30.14% |
| Promoter Holding Post IPO: | 20.35% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543997 |
Get important updates regarding Organic Recycling Systems SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Sep 2023 |
| Refunds Initiation* | 3rd Oct 2023 |
| Credit of Shares to Demat* | 4th Oct 2023 |
| SME IPO Listing Date* | 6th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹200.00 |
| Market Lot: | 600 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 1200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-10-2023 | 200.00 | 16 | 7300 | ₹216 (8%) | 6-Oct-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Organic Recycling Systems Limited was established in 2008. It is an engineering company focused on environmental solutions, providing waste management solutions for all waste types and the entire value chain. The company has been a pioneer in providing sustainable waste management solutions in India since 2008. Founded by technocrats, the company primarily focuses on developing robust, cost-effective and eco-friendly technologies that are easy to use. The company has proven technologies and the ability to successfully operate one of India’s first waste-to-energy (WTE) plants based on anaerobic biomethanation technology.
Anaerobic biomethanation technology has been recognized as a promising technology in the Indian government's National Master Plan. The company has also set up a municipal waste processing and disposal plant in Solapur, Maharashtra, which converts municipal waste into electricity and compost.The company's business lines include the build-own-operate-transfer (TRUNK) model, the engineering-procurement-and-commissioning (EPC) model and the supply of key equipment.
Waste management represents a major opportunity in India due to demographic trends and consumption patterns. The sector is in the growth phase and few companies have the right technologies and capabilities to provide sustainable solutions. Our goal is therefore to become one of the leading technology and service providers in Asia, the Middle East and Africa, addressing the challenges of waste management by driving sustainable technological innovation - from doorstep and community-level solutions to large-scale end-to-end infrastructure solutions for municipal waste management.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Sustainable Waste Managment | ₹50.00 Cr | https://organicrecycling.co.in/ |
The company intends to utilize the Net Issue Proceeds for the following Objects:
1. Reduction of the aggregate outstanding borrowings of the Company.
2. Towards general corporate purposes.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,185,000 (50%) | 1,185,000 (50%) | 2,370,000 | |
| 1 | 21st Sep 2023 19:04 | 0.85x | 0.17x | 0.51x |
| 2 | 22nd Sep 2023 19:04 | 1.59x | 0.38x | 0.99x |
| 3 | 25th Sep 2023 19:04 | 1.97x | 1.09x | 1.53x |
| 4 | 26th Sep 2023 19:04 | 4.28x | 2.21x | 3.24x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10,272.69 | 10,669.35 | 11,931.10 |
| Revenue | 1,578.18 | 1,756.67 | 2,534.10 |
| Profit After Tax | -449.37 | -535.03 | 365.38 |
| Net Worth | 1,343.88 | 808.86 | 2,550.07 |
| Reserves and Surplus | 1,298.11 | 763.08 | 2,014.40 |
| Total Borrowing | 5,449.89 | 5,418.38 | 6,981.41 |
Last Updated on 10-Oct-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Organic Recycling Systems SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Organic Recycling Systems SME IPO with Zerodha.
Alternate approch to apply in Organic Recycling Systems SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Organic Recycling Systems SME IPO Review and Important Updates
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To subscribe or apply in Organic Recycling Systems SME IPO, you can use the following methods:
| Organic Recycling Systems SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Organic Recycling Systems SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Organic Recycling Systems SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Organic Recycling Systems SME IPO. Most of the Syndicate Banks provide access to apply in Organic Recycling Systems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Organic Recycling Systems SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Organic Recycling Systems SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Organic Recycling Systems SME IPO Review and Important Updates
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Organic Recycling Systems SME IPO is going to be list on 06-10-2023. BSE Code for Organic Recycling Systems is 543997.
Other relevant questions:
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Organic Recycling Systems SME IPO Allotment Date is 29-09-2023.
Other relevant questions:
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