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Horizon Reclaim (India)
Price Band
₹98.0–103.0
Issue Size
₹54.27 Cr
Lot Size
1,200 shares
Min Investment
₹247,200
GMP
info
+₹75.0 (72.82%)
Issue Price
₹103.0
calendar_month Important Dates
bar_chart Subscription Status
Overall Subscription
304.11x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
186.72x
|
187x 🔥 |
| NII (HNI) |
450.74x
|
451x 🔥 |
| ↳ bNII (>₹10L) |
502.41x
|
502x 🔥 |
| ↳ sNII (<₹10L) |
347.66x
|
348x 🔥 |
| Retail (RII) |
308.30x
|
308x 🔥 |
| Total | 304.11x | 304.11x |
Auto-updated every 5 min · As of 16th Jun 2026 18:56
trending_up Grey Market Premium (GMP)
GMP
+₹75.0
GMP %
+72.82%
Est. Listing
₹178.0
schedule Updated: 14 Jul 2026 15:51
Share GMP:
business About the Company
Horizon Reclaim (India) Ltd. specializes in converting discarded rubber waste into value-added reclaimed rubber products. The company utilizes materials such as worn-out tyres, inner tubes, tread scraps, and industrial rubber residues to manufacture eco-friendly rubber compounds for various industrial applications. Product Range Natural Rubber Reclaim: Manufactured from recycled tyre casings and tubes, this product is widely used in the production of footwear components, rubber mats, tyre underlayers, and other molded rubber goods.Synthetic Rubber Reclaim: The company produces reclaimed EPDM and Butyl rubber grades that cater to industries requiring automotive weather strips, sealing systems, hoses, gaskets, and construction-related rubber profiles.Crumb Rubber: Derived from processed scrap tyres, crumb rubber finds application in infrastructure and recreational projects, including asphalt modification, athletic tracks, playground surfaces, and roofing materials. The product is offered in multiple specifications to meet diverse customer requirements. The company's business model is predominantly focused on industrial and commercial customers, supplying its products mainly to small and medium-sized enterprises across northwestern India.
payments Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 64.88 | 26.08 | 8.45 |
| Total Income | 50.01 | 36.39 | 20.44 |
| Profit After Tax | 10.50 | 7.07 | 0.71 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| NET Worth | 24.83 | 14.33 | 7.26 |
| Reserves and Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowing | 35.76 | 10.03 |
Key Ratios
EPS
₹7.37
NAV
₹17.43
ROE
53.63%
ROCE
25.45%
RoNW
42.29%
P/B Value
5.91
P/E Ratio
13.97
Market Cap
₹201.01 Cr
PAT Margin
21.25%
Debt/Equity
1.44
Promoters
Mohit Bajaj and Malika Bajaj
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of our Company 6.00 2 Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company 26.70 3 Funding Capital Expenditure for the installation of additional Plant & Machinery 9.43 4 General Corporate Purposes 7.80 5 Issue expenses 4.34 Total 54.27
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
12 Jun 2026
Close
16 Jun 2026
Allotment
17 Jun 2026
Listing
19 Jun 2026