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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 ₹45.00 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). The minimum lot size investment for 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 Date | November 28, 2022 to November 30, 2022 |
| Listing Date | December 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,60,000 shares (aggregating up to ₹12.42 Cr) |
| Reserved for Market Maker | 1,47,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.6615 Cr) |
| Net Offered to Public | 26,13,000 shares (aggregating up to ₹11.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,08,530 shares |
| Share Holding Post Issue | 1,03,68,530 shares |
Baheti Recycling Industries IPO offers total 27,60,000 shares. Out of which 13,05,000 (47.28%) allocated to NII, 13,08,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,47,000 (5.33%) |
| NII (HNI) Shares Offered | 13,05,000 (47.28%) |
| Retail Shares Offered | 13,08,000 (47.39%) |
| Total Shares Offered | 27,60,000 (100.00%) |
Baheti Recycling Industries IPO opens on November 28, 2022, and closes on November 30, 2022.
| IPO Open Date | Mon, Nov 28, 2022 |
| IPO Close Date | Wed, Nov 30, 2022 |
| Tentative Allotment | Mon, Dec 5, 2022 |
| Initiation of Refunds | Tue, Dec 6, 2022 |
| Credit of Shares to Demat | Wed, Dec 7, 2022 |
| Tentative Listing Date | Thu, Dec 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 30, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4535.09 | 10595.84 | 19.19 | 1033.23 | 658 | 3118.89 |
| 31-Mar-21 | 6301 | 12780.02 | 47.78 | 1081.02 | 706.02 | 3789.61 |
| 31-Mar-22 | 8190.39 | 24926.06 | 291.98 | 1669.51 | 1213 | 5074.81 |
| 31-May-22 | 7939.48 | 5757 | 57.36 | 1726.87 | 1270.36 | 4536.31 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Baheti Recycling Industries IPO is ₹46.66 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.55 |
The company intend to utilize the proceeds of the Issue to meet the following objects: -
1. Modernization and expansion of existing manufacturing unit.
2. To meet Working Capital requirements.
3. General Corporate Purpose.
4. To meet issue expenses.
[Dilip Davda] BRIL is in the aluminium recycling segment having bright prospects ahead. Of late we are witnessing rising interest in the aluminium industry. Based on FY23 earnings, the issue appears reasonably priced. Investors may consider investment for the medium to long-term rewards. Read detail review...
| Listing Date | December 8, 2022 |
| BSE Script Code | |
| NSE Symbol | BAHETI |
| ISIN | INE029Q01017 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹120.00 |
| Low | ₹114.00 |
| High | ₹126.00 |
| Last Trade | ₹114.00 |
Baheti Recycling Industries Ltd.
A-2/3, L.R. Apartments,
Opp. Police Commissioner Office,
Shahibaug,
Ahmedabad, Gujarat, 380004
Phone: : +91-79-25627681/82
Email: info@bahetiindustries.com
Website: https://www.bahetiindustries.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Baheti Recycling Industries IPO is a SME IPO of 27,60,000 equity shares of the face value of ₹10 aggregating up to ₹12.42 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on November 28, 2022, and closes on November 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 November 28, 2022 and closes on November 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 Wednesday, December 7, 2022. Check the Baheti Recycling Industries IPO allotment status.
The Baheti Recycling Industries IPO listing date is on Thursday, December 8, 2022.
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