IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size19,50,000 shares (aggregating up to ₹4.88 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 09 Feb 2023
Subscription CloseMon, 13 Feb 2023
Anchor AllotmentWed, 08 Feb 2023
Basis of AllotmentThu, 16 Feb 2023
Initiation of RefundsFri, 17 Feb 2023
Credit of Shares to DematMon, 20 Feb 2023
Listing DateTue, 21 Feb 2023
UPI Mandate Deadline2023-02-13
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 6,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 12,000 shares
P/E Ratio (Pre-IPO)25.77x
Net Offer to Public18,48,000 shares (aggregating up to ₹4.62 Cr)
Reserved for Market Maker1,02,000 shares (aggregating up to ₹0.2550 Cr)
Pre-IPO Promoter Holding53,91,675 shares
Post-IPO Promoter Holding73,41,675 shares
About Lead Reclaim & Rubber Products Ltd.
Incorporated in 2012, Lead Reclaim and Rubber Products Limited is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules.The manufacturing unit of the company is situated in Sarali Road Village - Pithai, Taluka- Kathalal, Kheda. The unit is spread over a total land area of approximately 7790 sq. mts with a total install capacity of 5520 metric tons. The manufacturing facility is accredited with ISO 9001:2015 certifications for quality management systems.Lead Reclaim focuses highly on:Saving valuable natural resources by way of recycling; andHelping our customers fulfill their circularity aspirations through the use of our reclaimed rubber productsThe product diversification of the company allows it to fulfill the requirements of varied customers. Their product range varies in grades, thickness, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.Lead Reclaim and Rubber Products to deliver its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers.
Objects of the Issue
Lead Reclaim & Rubber Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding our working capital requirements
1.01
2
Purchase of plant and machinery for augmenting our Manufacturing Facility
2.16
3
General corporate purposes
1.10
Shareholding & Lock-in
Pre-IPO Promoter Holding
53,91,675 shares
Post-IPO Promoter Holding
73,41,675 shares