SME
IPO ·
BSE SME
Horizon Reclaim (India) Ltd
Listed
Incorporated in 2006, Horizon Reclaim (India) Ltd. 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 sc
Issue details
Price band
₹98 – ₹103
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,47,200
Issue size
₹54.27 Cr
Fresh issue
₹51.55 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
12 Jun 2026
Closes
16 Jun 2026
UPI mandate cut-off
5:00 PM on 16 Jun 2026
Allotment
17 Jun 2026
Refunds
18 Jun 2026
Shares in demat
18 Jun 2026
Listing
19 Jun 2026
Subscription and listing
Subscription
211.52x
Listing price
₹151
Registrar
Kfin Technologies Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
211.52x
Total applications
2,65,447
Anchor investors
Amount raised
₹15.46 Cr
Bid date
11 Jun 2026
50% lock-in ends
16 Jul 2026
Rest lock-in ends
14 Sep 2026
Listing day
Issue price
₹103
Open
₹151.00
High
₹158.00
Low
₹143.45
Day close
₹147.30
Listing gain at open
+46.60%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
25,02,000
47.48%
Anchor Investor Shares Offered
15,01,200
28.49%
QIB (Ex. Anchor) Shares Offered
10,00,800
18.99%
NII Shares Offered
7,51,200
14.26%
bNII > ₹10L
5,00,400
9.50%
sNII < ₹10L
2,50,800
4.76%
Retail Shares Offered
17,52,000
33.25%
Market Maker Shares Offered
2,64,000
5.01%
Total Shares Offered
52,69,200
100.00%
Finaccle’s quick read
Apply
FY26 income up 37%, PAT up 49%, ROE 53.63%, D/E 1.44, post-issue P/E 19.14x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2006, Horizon Reclaim (India) Ltd. 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. Product Portfolio: Natural Rubber Reclaim , made from tyre casings and tubes and used in footwear soles, floor mats, tyre base layers, and moulded rubber products. Synthetic Rubber Reclaim , including EPDM and Butyl rubber used in automotive seals, hoses, gaskets, and construction profiles Crumb Rubber , produced from recycled tyres and used in road construction, sports surfaces, and roofing sheets.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
53.63%
ROCE
25.45%
Debt / equity
1.44
PAT margin
21.25%
P/E post issue
19.14
Market cap
₹201.01 Cr
Use of IPO money
Funding the working capital requirements of our Company
₹6.00 Cr
Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company
₹26.70 Cr
Funding Capital Expenditure for the installation of additional Plant & Machinery
₹9.43 Cr
General Corporate Purposes
₹7.80 Cr
Issue expenses
₹4.34 Cr
Strengths
✓
Revenue up 37% in FY26 to ₹50.01 Cr
✓
PAT up 49% in FY26 to ₹10.50 Cr
✓
PAT margin of 21.25%
✓
ROE of 53.63% and ROCE of 25.45%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Debt to equity of 1.44
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.