Horizon Reclaim (India) IPO
Horizon Reclaim (India) IPO
Overview
Horizon Reclaim (India) IPO is a book build issue of ₹54.27 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹54.27 crore. Horizon Reclaim (India) IPO bidding opened for subscription on Jun 12, 2026 and will close on Jun 16, 2026. The allotment for the Horizon Reclaim (India) IPO is expected to be finalized on Jun 17, 2026. Horizon Reclaim (India) IPO will list on the BSE SME with a tentative listing date fixed as Jun 19, 2026. Horizon Reclaim (India) IPO is set issue price band at ₹98 to ₹103 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,47,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,70,800. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Total Shares
52,69,200
Issue Size
₹54 Cr
Price Band
₹98 – ₹103
Lot Size
1200 shares
Min. Investment
₹1,23,600
Max. Investment
₹1,23,600
Open Date
12 Jun, 2026
Close Date
16 Jun, 2026
Allotment
17 Jun, 2026
Listing
19 Jun, 2026
Max. Investment
₹1,23,600
Announced
12 Jun, 2026
Opening Date
12 Jun, 2026
Closing Date
16 Jun, 2026
Basis of Allotment
17 Jun, 2026
Initiation of Refunds
18 Jun, 2026
Credit of Shares
18 Jun, 2026
Listing Date
19 Jun, 2026
Live GMP
Est. Listing: ₹158
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About Horizon Reclaim (India) IPO
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
Horizon Reclaim (India) IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
Horizon Reclaim (India) IPO Financial Health
Horizon Reclaim (India) IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,47,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10800 | ₹11,12,400 |
(All values in CR)
Horizon Reclaim (India) IPO Valuations
| Metric | Value |
|---|---|
| ROE | 53.63 |
| ROCE | 25.45 |
| Debt/Equity | 1.44 |
| RoNW | 42.29 |
| PAT Margin | 21.25 |
| EBITDA Margin | 32.64 |
| Price to Book Value | 5.91 |
(All values in CR)
Horizon Reclaim (India) IPO Strength & Risk
Horizon Reclaim (India) IPO – Strengths
- Operates in the recycling and resource recovery sector, benefiting from growing sustainability trends.
- Business model aligns with the circular economy and environmental protection initiatives.
- Increasing demand for recycled materials across industrial and manufacturing sectors.
- Potential beneficiary of government policies supporting waste management and recycling.
- IPO proceeds can support capacity expansion and future growth.
- Industry entry barriers related to technology, compliance, and sourcing networks.
- Rising ESG adoption by corporates may drive long-term demand.
- Scope for operational efficiency and margin improvement as the business scales.
Horizon Reclaim (India) IPO – Risks
- Earnings may be impacted by volatility in scrap and recycled material prices.
- Dependence on consistent availability of raw recyclable material.
- Subject to environmental regulations and compliance requirements.
- Potential customer concentration risk if revenue depends on a limited number of clients.
- Expansion projects may face execution challenges or delays.
- Recycling operations require ongoing capital investment.
- Competition from organized and unorganized players could pressure margins.
- Economic slowdowns may reduce demand from key end-user industries.
- Supply chain or logistics disruptions could affect business operations.
Horizon Reclaim (India) IPO Subscriptions Status
Horizon Reclaim (India) IPO subscribed 304.11 times. The public issue subscribed 308.30 times in the individual investors category, 186.72 times in QIB (Ex Anchor), and 450.74 times in the NII category by June 16, 2026 5:34:35 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 15,01,200 | 15,01,200 | 15.46 |
| Market Maker | 1.00 | 2,64,000 | 2,64,000 | 2.72 |
| QIB (Ex Anchor) | 186.72 | 10,00,800 | 18,68,65,200 | 1 |
| NII | 450.74 | 7,51,200 | 33,85,98,000 | 3 |
| bNII (> ₹10L) | 502.41 | 5,00,400 | 25,14,04,800 | 2 |
| sNII (< ₹10L) | 347.66 | 2,50,800 | 8,71,93,200 | 898.09 |
| Individual Investors | 308.30 | 17,52,000 | 54,01,44,000 | 5 |
| Total | 304.11 | 35,04,000 | 1,06,56,07,200 | 10 |
Horizon Reclaim (India) IPO GMP
Horizon Reclaim (India) SME IPO last GMP is ₹55, last updated Jun 16th 2026 04:53 PM. With the price band of 103.00, Horizon Reclaim (India) SME IPO's estimated listing price is ₹158 (cap price + today's GMP).The expected percentage gain/loss per share is 53.40%. >> Horizon Reclaim (India) SME IPO Retail Subject to Sauda: ₹50200 The lowest GMP is ₹0.00, while the highest GMP is ₹63.00.
Last updated 16 Jun, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 16 Jun, 2026 | 103 | ₹55▼ | - | ₹158 (53.40%) | 66000 | 16 Jun, 2026 |
| 15 Jun, 2026 | 103 | ₹63▲ | - | ₹166 (61.17%) | 75600 | 15 Jun, 2026 |
| 14 Jun, 2026 | 103 | ₹57 | - | ₹160 (55.34%) | 68400 | 14 Jun, 2026 |
| 13 Jun, 2026 | 103 | ₹57▲ | - | ₹160 (55.34%) | 68400 | 13 Jun, 2026 |
| 12 Jun, 2026 | 103 | ₹53▲ | - | ₹156 (51.46%) | 63600 | 12 Jun, 2026 |
| 11 Jun, 2026 | 103 | ₹50▲ | - | ₹153 (48.54%) | 60000 | 11 Jun, 2026 |
| 10 Jun, 2026 | 103 | ₹42▲ | - | ₹145 (40.78%) | 50400 | 10 Jun, 2026 |
| 09 Jun, 2026 | 103 | ₹25▲ | - | ₹128 (24.27%) | 30000 | 09 Jun, 2026 |
| 08 Jun, 2026 | 103 | ₹10▲ | - | ₹113 (9.71%) | 12000 | 08 Jun, 2026 |
| 07 Jun, 2026 | 103 | ₹5▲ | - | ₹108 (4.85%) | 6000 | 07 Jun, 2026 |
| 06 Jun, 2026 | 103 | ₹0 | - | ₹103 (0.00%) | - | 06 Jun, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Horizon Reclaim (India) IPO
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