Issue Price
₹103
Per Share
GMP
NIL
Grey Market
Est. Listing
₹103
Expected Price
Min. Application
₹247,200
2 lots × 1200 shares
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 profilesCrumb Rubber, produced from recycled tyres and used in road construction, sports surfaces, and roofing sheets. Products are available in different grades based on customer requirements.The company sales are primarily business-to-business, targeting small and medium enterprises and industrial customers mainly in the northwestern region of India.Competitive Strengths:In-house manufacturing facility supported by technology driven processDiversified Customer Base and Long-Standing Customer RelationshipsExperienced Promoter Directors with Strong Industry ExpertiseStringent Quality Control Ensuring Standardized Product Quality
Horizon Reclaim (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 264,000 | — | ₹2.72 Cr | — |
| TOTAL | 5,269,200 | 100.00% | ₹54.27 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹123,600 |
| Retail (Max) | 13 | 15,600 | ₹1,606,800 |
| sNII (Min) | 14 | 16,800 | ₹1,730,400 |
| bNII (Min) | 68 | 81,600 | ₹8,404,800 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 50.01 | 36.39 | 20.44 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| Profit After Tax (PAT) | 10.50 | 7.07 | 0.71 |
| Net Worth | 24.83 | 14.33 | 7.26 |
| Total Assets | 64.88 | 26.08 | 8.45 |
| Reserves & Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowings | 35.76 | 10.03 | N/A |