Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Horizon Reclaim (India) IPO
Price Band
₹98.0–103.0
Issue Size
₹54.27 Cr
Lot Size
1,200 shares
Min Investment
₹247,200
2 LOTS MIN
GMP
+₹75.0 (72.82%)
Issue Price
₹103.0
Horizon Reclaim (India) IPO AI Summary
- Horizon Reclaim (India) IPO is listed on BSE SME in the Rubber sector.
- Price band: ₹98.0–₹103.0 per share, lot size 1,200 shares (min. investment ₹247,200, 2 lots minimum).
- Subscription window: 12 Jun–16 Jun 2026, listing on 19 Jun 2026.
- Current GMP is +₹75.0 (72.82%), an estimated listing price of ₹178 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
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
Horizon Reclaim (India) IPO Grey Market Premium (GMP) Today
GMP
+₹75.0
GMP %
+72.82%
Est. Listing
₹178.0
Updated: 14 Jul 2026 15:51
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.
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹20.44 Cr in the year ending 31 Mar 2024, rising to ₹36.39 Cr by 31 Mar 2025, and further increasing to ₹50.01 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹0.71 Cr in the year ending 31 Mar 2024, increasing to ₹7.07 Cr by 31 Mar 2025, and further rising to ₹10.50 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial price at which shares of an IPO are traded before they are listed on the stock exchange. A positive GMP indicates that the market expects the stock to list at a higher price than its issue price, while a negative GMP suggests the opposite.
Subscription Demand
The IPO was subscribed 304.11 times overall, with significant interest from different categories: QIBs subscribed 186.72 times, NIIs (HNI) 450.74 times, bNIIs (>₹10L) 502.41 times, sNIIs (<₹10L) 347.66 times, and Retail investors 308.3 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer established companies with stable earnings may want to avoid such IPOs, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens on 12 June 2026 and closes on 16 June 2026. Allotment of shares is expected on 17 June 2026, with the listing date scheduled for 19 June 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded at a higher price than the issue price. However, these gains are not guaranteed, and the stock price can fluctuate significantly on listing day due to market sentiment and demand.
This evaluation is generated from Horizon Reclaim (India)'s own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Horizon Reclaim (India) IPO GMP today?
Horizon Reclaim (India) IPO GMP today is +₹75.0 (72.82%), indicating an estimated listing price of ₹178. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Horizon Reclaim (India) IPO?
The price band of Horizon Reclaim (India) IPO is ₹98.0–₹103.0 per share.
When does Horizon Reclaim (India) IPO open and close?
Horizon Reclaim (India) IPO opens on 12 June 2026 and closes on 16 June 2026.
When does Horizon Reclaim (India) IPO list on the stock exchange?
Horizon Reclaim (India) IPO listed on 19 June 2026 at ₹178.0.
What is the lot size for Horizon Reclaim (India) IPO?
The lot size for Horizon Reclaim (India) IPO is 1200 shares, requiring a minimum investment of ₹247,200 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹98.0 to ₹103.0.
What is the minimum investment required?
The minimum investment required is ₹247,200.
What is the lot size for the IPO?
The lot size for the IPO is 1,200 shares.
When will the shares be listed?
The shares are expected to be listed on 19 June 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Jun 2026
Close
16 Jun 2026
Allotment
17 Jun 2026
Listing
19 Jun 2026
Similar IPOs in Rubber
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Horizon Reclaim (India)?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.