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₹103 - 103
Horizon Reclaim (India) Ltd
Plantation & Plantation ProductsIPOSME
₹103 - 103
Incorporated in 2006, our Company 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, including Ethylene Propylene Die ne Monomer (EPDM), a synthetic rubber known for its excellent resistance to heat. Reclaimed rubber serves as a cost-effective and environmental friendly alternative to natural and synthetic rubber and is widely used in the manufacture of various rubber-based products.
Lot1,200Min Invest₹2,47,200Face Value₹10Issue Size₹54 CrFresh Issue₹54 CrListing Price₹151CMP₹118
Timeline
12 Jun
Bidding opens
16 Jun
Bidding closes
17 Jun
Allotment
18 Jun
Refund & demat credit
19 Jun
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹54 Cr0.53 Cr shares
Fresh Issue₹54 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.99% · NII 15.01% · RETAIL 35%
Application Sizes
Retail₹2,47,2001-1 lots
sNII₹2,47,200from 2 lots
bNII₹11,12,400from 9 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Private Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group95.85%69.96%Public4.15%30.04%
Objects of the Issue
- Funding the working capital requirements of the Company
- Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by its Company
- Funding Capital Expenditure for the installation of additional Plant & Machinery
- General corporate purposes
Anchor Book
Bid Date11-Jun-2026Shares15,01,200Amount₹15 Cr30-day lock-in16-Jul-202690-day lock-in14-Sep-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 20 | 20 | 36 | 49 |
| Operating ProfitCr | 1 | 1 | 10 | 16 |
| OPM% | 5.4 | 5.2 | 28.5 | 32.0 |
| PBTCr | 1 | 1 | 10 | 14 |
| PATCr | 1 | 1 | 7 | 11 |
| EPS | 0 | 1 | 5 | 7 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 14 | 14 |
| ReservesCr | 6 | 7 | 0 | 11 |
| BorrowingsCr | 0 | 0 | 10 | 36 |
| Total AssetsCr | 8 | 8 | 26 | 65 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 1 | 2 | 10 |
| Investing Cash FlowCr | 0 | -2 | -12 | -35 |
| Financing Cash FlowCr | 0 | 0 | 10 | 25 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoters having deep domain knowledge to scale up the business.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
Strategies · as stated in the DRHP
- Strategic Expansion into Pyrolysis Oil and By-Product Recovery.
- Enhancement of Manufacturing Capacity through installation of additional machinery.
- Product Diversification through Development of Specialised Reclaim Rubber Grades.
- Regional Market Penetration across Western and Central India.
- Strengthening ESG and EPR Positioning.
Risks · as stated in the DRHP
- The company's business is capital intensive, and the company's inability to raise funds on acceptable terms when required could materially and adversely affect the company's business, financial condition and results of operations.
- The company's business is working capital intensive. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on the company's results of operations
- The company primarily operates on a purchase order-based model and does not have long-term contractual arrangements with the company's customers, which may adversely affect the stability and predictability of the company's revenues.
- The Company is dependent on external suppliers for the company's raw material requirements.
- The company's business is dependent on the company's manufacturing facility, and any disruption in manufacturing operations could adversely affect its business.
- The company relies on third-party transportation providers for all of the company's input materials and product distribution. Failures by any of the company's transportation providers to deliver its input materials and products on time or at all, could result in loss in sales.