Horizon Reclaim (India) Limited SME IPO: Price, GMP, Dates & Review

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Horizon Reclaim (India) Limited IPO
HR
Horizon Reclaim (India) Limited IPO
Reclaimed Rubber Manufacturing · B2B Recycling Model · Saharanpur Plant · Crumb Rubber
📋 SME IPO Fresh Issue BSE SME
₹103
Upper Price
₹54.27 Cr
Issue Size
Jun 19, 2026
Listing Date
₹201.01 Cr
Market Cap
📋 IPO Timetable
All dates tentative
🟢
IPO Opens
Friday, 12 June 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 16 June 2026
Last day to bid — closes at 5:00 PM IST
📊
Wednesday, 17 June 2026
Allotment finalised by registrar
🔄
Thursday, 18 June 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 19 June 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date12 June 2026 (Fri)
IPO Close Date16 June 2026 (Tue)
Listing Date19 June 2026 (Fri)
Face Value₹10 per share
Price Band₹98 to ₹103
Issue Price (Upper Band)₹103 per share
Issue TypeBook Build — Fresh Issue
Lot Size1,200 shares
Total Issue Size52,69,200 shares (₹54.27 Cr)
Fresh Issue52,69,200 shares (₹54.27 Cr)
Market Maker Shares2,64,000 shares
Pre-Issue Shares1,42,46,200
Post-Issue Shares1,95,15,400
Promoter Holding (Pre)95.84%
Lead ManagerGYR Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹103
Investor TypeLotsSharesAmount
Retail — Minimum & Maximum22,400₹2,47,200
S-HNI (sNII) — Min33,600₹3,70,800
S-HNI (sNII) — Max78,400₹8,65,200
B-HNI (bNII) — Min89,600₹9,88,800
⚠️ SME IPO Note: Minimum application for retail is 2 lots (2,400 shares = ₹2,47,200). Retail maximum limit is also 2 lots. Lot size is 1,200 shares; bids must be in multiples thereof.
👥 Investor Reservation
Total 52,69,200 shares
49.99%
QIB Portion
25,02,000 shares
35.00%
Retail (RII)
17,52,000 shares
15.01%
NII / HNI
7,51,200 shares
💡 Market Maker: Giriraj Stock Broking Pvt.Ltd. has been allocated 2,64,000 shares (5.01% of issue) to ensure liquidity post-listing.
📊 Live Subscription Status
Awaiting Bidding
Subscription data will be available once bidding begins on June 12, 2026. Check back for live updates from 10:00 AM IST.
📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets64.8826.088.45
Total Income50.0136.3920.44
PAT10.507.070.71
EBITDA16.3210.461.17
Net Worth24.8314.337.26
Total Borrowing35.7610.03–
Income Growth
FY 2024–25₹36.39 Cr
FY 2025–26₹50.01 Cr
🎯 Key Performance Indicators
53.63%
ROE
FY 2025–26
25.45%
ROCE
FY 2025–26
21.25%
PAT Margin
FY 2025–26
1.44
Debt/Equity
FY 2025–26
42.29%
RoNW
FY 2025–26
32.64%
EBITDA Margin
FY 2025–26
5.91x
Price/Book
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹7.37
FY26 earnings / pre-issue shares
P/E: 13.97x
Post-IPO EPS
₹5.38
FY26 earnings / post-issue shares
P/E: 19.14x
Price to Book Value
5.91x
At upper price band (FY26 book)
Market Cap (Post-IPO)
₹201.01 Cr
At issue price band ₹103
ℹ️ Pre-IPO EPS (₹7.37) based on pre-issue shareholding (1,42,46,200) and FY26 earnings. Post-IPO EPS (₹5.38) based on post-issue shareholding (1,95,15,400) and FY26 earnings.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding the working capital requirements of our Company
₹6.00 Cr
2
Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company
₹26.70 Cr
3
Funding Capital Expenditure for the installation of additional Plant & Machinery
₹9.43 Cr
Total Net Proceeds Target ₹42.13 Cr
🏢 About Horizon Reclaim (India) Limited
Est. 2006 · Saharanpur, Uttar Pradesh · Industrial Products

Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap.

The company’s product matrix scales across Natural Rubber Reclaim, Synthetic Rubber Reclaim (including EPDM and Butyl versions), and Crumb Rubber allocations used in construction setups. Sales track primarily across B2B spaces serving small, medium, and heavy industrial domains in northwestern India.

Competitive Strengths
✅In-house manufacturing facility supported by technology driven process
📍Diversified Customer Base and Long-Standing Customer Relationships
📋Experienced Promoter Directors with Strong Industry Expertise
👨‍💼Stringent Quality Control Ensuring Standardized Product Quality metrics
Company Promoters
MB
Mohit Bajaj
Promoter, Horizon Reclaim (India) Limited
MB
Malika Bajaj
Promoter, Horizon Reclaim (India) Limited
📅 Key Dates
IPO Opens12 June 2026
IPO Closes16 June 2026
Allotment17 June 2026
Refund & Share Credit18 June 2026
Listing Day19 June 2026
💡 Quick Summary
Price Band₹98 – ₹103
Issue Price₹103 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,47,200 (2 lots)
Issue Size₹54.27 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Kfin Technologies Ltd.
📞 040-67162222
[email protected]
Lead Manager
GYR Capital Advisors Pvt.Ltd.
Market Maker
Giriraj Stock Broking Pvt.Ltd.
📍 Registered Address
Horizon Reclaim (India) Ltd.
Khasra no. 9, Dehradun Road, Near Nirankari Bhawan,
Village – Kumar Hera, Saharanpur,
Uttar Pradesh — 247001
📞 +91 8171000900
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Horizon Reclaim (India) IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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