Horizon Reclaim (India) Limited
Bookbuilding IPO · BSE
- Price band
- ₹98 – ₹103
- Lot size
- 1,200 shares
- Issue amount
- ₹54.27 cr
- Total subscription
- 304.19×
- Opens
- 12 Jun 2026
- Closes
- 16 Jun 2026
- Allotment
- 17 Jun 2026
- Listing
- 19 Jun 2026
Offer at a glance
Issue overview
- Issue size
- 52,69,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,17,600
- Fresh issue
- ₹54.27 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,23,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,42,46,200
- Shares after issue
- 1,96,46,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,47,200 |
| sHNI | 3 | 3,600 | ₹3,70,800 |
| bHNI | 9 | 10,800 | ₹11,12,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 16 Jun 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 138 |
| NIB | 0 | 43,868 |
| RETAIL | 730 | 2,25,060 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 139 | 26,754 |
| HNIs (2-10L) | 70 | 24,221 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.31 | 1,924.71 |
| FIIs | 0 | 309.7 |
| Mutual Funds | 0 | 32.69 |
| Others | 0 | 1,321.7 |
| RETAIL | 18.05 | 5,563.48 |
| HNIs 2+ | 2.58 | 898.09 |
| HNIs 10+ | 5.15 | 2,592.19 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.37 | 4.96 | 0.5 |
| ROE | 53.63 | 65.47 | 10.3 |
| ROCE | 25.45 | 40.7 | 13.11 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 13.97 | 0 | 0 |
| POST IPO(PE) | 19.14 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Horizon Reclaim (India) Limited | 0 | 103.00 | 10.00 | 17.43 | 42.29 | 7.37 |
| Lead Reclaim and Rubber Products Limited | 19.04 | 90.50 | 10.00 | 27.96 | 10.27 | 4.73 |
Company information
Company profile
Incorporated in 2006, Horizon Reclaim (India) Ltd. is engaged in the manufacturing of reclaimed rubber, which is produced by recycling used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap. The company offers a diversified product portfolio including natural rubber reclaim used in footwear soles, floor mats, tyre base layers, and moulded rubber products; synthetic rubber reclaim such as EPDM and butyl rubber used in automotive seals, hoses, gaskets, and construction profiles; and crumb rubber used in road construction, sports surfaces, and roofing sheets, available in various grades based on customer requirements. The company primarily operates on a B2B model, supplying to small and medium enterprises and industrial customers, mainly in the northwestern region of India.
Strengths
- Recycling-Based Business: Operates in reclaimed rubber manufacturing, supporting cost efficiency and sustainability.
- Diverse Industry Usage: Products are used in sectors like automotive, footwear, and industrial applications.
- Cost Advantage Model: Use of recycled raw materials helps in maintaining better margins.
Risk factors
- Raw Material Availability Risk: Depends on supply of scrap tyres and rubber waste.
- Working Capital Intensive: Requires continuous investment in procurement and processing.
- Cyclical Demand: Demand is linked to performance of end-user industries like automotive.
Promoters
Mohit Bajaj
Malika Bajaj
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Khasra no. 9, Dehradun Road, Near Nirankari Bhawan Village - Kumar Hera, Saharanpur, Uttar Pradesh, 247001
+91 8171000900
[email protected]Company website ↗Understanding HORIZON IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.