IPO Detail
Horizon Reclaim (India) Limited
SMENot investment advice. Read RHP before applying.
Price Band
₹98 – ₹103
GMP (Indicative)
₹75
Unofficial · not guaranteed
Lot Size
1200 shares
Status
Listed
Open Date
2026-06-12
Close Date
2026-06-16
Listing Date
2026-06-19
Min. Investment
₹1,23,600
Overview
About the Company
Horizon Reclaim (India) Limited manufactures reclaimed rubber products by processing used tyres and industrial rubber scrap into reusable rubber compounds. The company primarily serves tyre manufacturers, automotive component manufacturers, conveyor belt producers, footwear manufacturers and other industrial rubber product companies. Its manufacturing operations emphasize recycling, sustainability and cost-efficient rubber production.
New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.
Financials
Key Financial Metrics
EPS Pre IPO
7.73
EPS Post IPO
5.38
P/E Pre
13.97
P/E Post
19.14
ROCE
25.45%
Debt / Equity
1.44
PAT Margin
21.25%
Market Cap
201.01
Financial figures sourced from official offer documents. Always verify with the RHP.
Issue
IPO Issue Details
Issue Price
₹98 – ₹103
Face Value
₹10
Issue Size
54.27
Fresh Issue
54.27
Listing At
BSE SME
Lead Manager
GYR Capital Advisors Pvt. Ltd.
Registrar
KFin Technologies Limited
Lot Size
1200
For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation.
Investors
Anchor Investors
No Anchor Portion
SME Specific
Market Maker Details
Market Maker Shares Offered
—
Market Maker Reservation (%)
—
Applicable only for SME IPOs where a market maker is appointed to provide liquidity post listing.
GMP (Grey Market Premium)
GMP Overview
₹75
Updated —
+72.8% over issue price
GMP is unofficial and indicative only. It does not guarantee listing price or returns.
GMP is unofficial and indicative. To understand interpretation logic and limitations, read our IPO Grey Market Guide or begin with what IPO GMP means.
Trend
GMP Trend
No GMP data yet. Updates will appear once available.
Investment
Market Lot Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | 247200 |
| Retail (Max) | 2 | 2400 | 247200 |
| sNII (Min) | — | — | — |
| bNII (Min) | — | — | — |
| sNII (Max) | 8 | 9600 | 988800 |
| bNII (Max) | — | — | — |
Investors can bid in multiples of the lot size. Final investment depends on the cutoff price.
Valuation
IPO Valuation Metrics
EPS Pre IPO
7.73
EPS Post IPO
5.38
P/E Pre
13.97
P/E Post
19.14
ROCE
25.45%
Debt/Equity
1.44
RoNW
—
PAT Margin
21.25%
Market Cap
201.01
Contacts
Company & Registrar Details
Company Address: Village Saidpura, Barwala Road, Dera Bassi, SAS Nagar (Mohali), Punjab – 140507
Phone: Not publicly disclosed.
Email: info@horizonreclaim.com
Website: https://www.horizonreclaim.com
Registrar: KFin Technologies Limited
Registrar Phone: +91-40-6716 2222
Registrar Email: einward.ris@kfintech.com
Registrar Website: https://ris.kfintech.com
Issue Summary
Objectives of Issue
Capital expenditure for new plant & machinery Working capital requirements Repayment / prepayment of borrowings General corporate purposes
Ownership
Promoter Holdings
Pre Issue
90.87%
Post Issue
71.59%
Allocation
Reservation Details
QIB
50
NII
15
RII
32
Employee
—
Documents
Important Links
Performance
Listing Performance
Listing Exchange
BSE SME
Listing Price
₹151
Listing Gain
46.601941747572816%
Qualitative Factors
Strengths & Risks
Company Strengths
Established reclaimed rubber manufacturer Strong relationships with industrial customers Environment-friendly recycling business model Healthy profitability and margins Growing revenue Experienced promoter team
Company Risks
Dependent on industrial demand High borrowings Volatility in raw material availability Competition from organised rubber manufacturers Working capital intensive operations
Schedule
Timeline
Open Date
2026-06-12
Close Date
2026-06-16
Allotment Date
2026-06-17
Refund Date
2026-06-18
Listing Date
2026-06-19
Legal Disclaimer
Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice.
Subscription
Live Subscription Details
| Day | QIB | NII | sNII (< ₹10L) | bNII (> ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 2026-06-16 | 134.35x | 286.08x | —x | —x | 263.6x | 283x |
Subscription Progress
Subscription data sourced from exchange updates. Values represent times subscribed (x).
Learn how subscription categories are allocated by reading our guide on QIB, HNI and Retail IPO quota structure.
If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.
Application
How to Apply
UPI Method (ASBA)
Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.
ASBA via Net Banking
Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.
Allotment & Refund
Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.
You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.
Risk Disclosure
Investments in IPOs are subject to market risks. Grey Market Premium (GMP) is unofficial and indicative only — it does not guarantee listing price or returns. Read the official offer documents (DRHP / RHP) and consult a SEBI-registered financial advisor before applying. IPOCraft does not provide investment advice.
Research Before You Apply