Fixed Price IPO | ₹12 Cr | Listed at NSE SME | Mon, Nov 28, 2022 - Wed, Nov 30, 2022
Baheti Recycling Industries IPO is a fixed price issue of ₹12.42 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹12.42 crore.
Baheti Recycling Industries IPO bidding started from Nov 28, 2022 and ended on Nov 30, 2022. The allotment for Baheti Recycling Industries IPO was finalized on Dec 5, 2022. The shares got listed on NSE SME on Dec 8, 2022.
Baheti Recycling Industries IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Hem Securities Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Baheti Recycling Industries IPO RHP for detailed Information.
IPO Open
Mon, Nov 28, 2022
IPO Close
Wed, Nov 30, 2022
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹46.66 Cr
| IPO Date | 28 to 30 Nov, 2022 |
| Listed on | Thu, Dec 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,60,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,47,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.6615 Cr) |
| Fresh Issue (Ex Market Maker) | 26,13,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 26,13,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 76,08,530 shares |
| Share Holding Post Issue | 1,03,68,530 shares |
| NSE Symbol | BAHETI |
| ISIN | INE029Q01017 |
Baheti Recycling Industries IPO comprises a total issue size of 27,60,000 shares. The net offer to the public is 26,13,000 shares, after excluding 1,47,000 shares allotted on a firm basis. Of the Net offer 13,05,000 (49.94%) allocated to NII 13,08,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,05,000 | 49.94% | 47.28% |
| Retail Shares Offered | 13,08,000 | 50.06% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,47,000 | 5.33% | |
| Total Shares Offered | 27,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company. The company is primarily engaged in processing aluminium-based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.
Baheti Recycling Industries' manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) and has a 12,000 MT installed capacity for processing aluminium scrap.
The company's esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.
The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Competitive Strengths:
| Period Ended | 31 May 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 79.39 | 81.90 | 63.01 | 45.35 |
| Total Income | 57.57 | 249.26 | 127.80 | 105.96 |
| Profit After Tax | 0.57 | 2.92 | 0.48 | 0.19 |
| NET Worth | 17.27 | 16.70 | 10.81 | 10.33 |
| Reserves and Surplus | 12.70 | 12.13 | 7.06 | 6.58 |
| Total Borrowing | 45.36 | 50.75 | 37.90 | 31.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Modernization and expansion of existing manufacturing unit | 2.55 |
| 2 | To meet Working Capital requirements | 7.00 |
| 3 | General Corporate Purpose | 1.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.55 | |
| Promoter Holding | 99.98% | 73.37% |
| Market Cap | ₹46.66 Cr. |
The Baheti Recycling Industries IPO is subscribed 347.53 times on November 30, 2022 7:00:00 PM (Day 3). The public issue subscribed 435.65 times in the retail category, [.] times in the QIB category, and 259.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 259.21 | 13,05,000 | 33,82,68,000 |
| Retail | 435.65 | 13,08,000 | 56,98,35,000 |
| Total | 347.53 | 26,13,000 | 90,81,03,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Legal Advisors and other professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.54 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹120.00 |
| Low | ₹114.00 |
| High | ₹126.00 |
| Last Trade | ₹114.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Baheti Recycling Industries IPO is a SME IPO of 27,60,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Nov 28, 2022, and closes on Wed, Nov 30, 2022.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Baheti Recycling Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Baheti Recycling Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baheti Recycling Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baheti Recycling Industries IPO opens on Mon, Nov 28, 2022 and closes on Wed, Nov 30, 2022.
Baheti Recycling Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Baheti Recycling Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Baheti Recycling Industries IPO will be done on Monday, December 5, 2022, and the allotted shares will be credited to your demat account by Wed, Dec 7, 2022. Check the Baheti Recycling Industries IPO allotment status.
The Baheti Recycling Industries IPO listing date is on Thu, Dec 8, 2022.
