Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Horizon Reclaim (India) Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 6, 2026 to raise funds through Initial Public Offer (IPO).
Horizon Reclaim (India) Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.54 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Horizon Reclaim (India) IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 54,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,42,46,200 shares |
| Share Holding Post Issue | 1,96,46,200 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Mar 6, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2006, Horizon Reclaim (India) Ltd. 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.
Product Portfolio:
The company sales are primarily business-to-business, targeting small and medium enterprises and industrial customers mainly in the northwestern region of India.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.24 | 26.08 | 8.45 | 7.71 |
| Total Income | 25.00 | 36.39 | 20.44 | 19.66 |
| Profit After Tax | 5.08 | 7.07 | 0.71 | 0.67 |
| EBITDA | 7.92 | 10.46 | 1.17 | 1.07 |
| NET Worth | 19.41 | 14.33 | 7.26 | 6.55 |
| Reserves and Surplus | 5.17 | 0.08 | 6.51 | 5.80 |
| Total Borrowing | 16.12 | 10.03 | ||
| Amount in ₹ Crore | ||||
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 the Company | 54.32 |
| 2 | Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | 25.84 |
| 3 | Funding Capital Expenditure for the installation of additional Plant & Machinery | 11.34 |
| 4 | General Corporate Purposes | |
| Total | 91.50 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 30.14% | 65.47% |
| ROCE | 21.12% | 40.70% |
| Debt/Equity | 0.83 | 0.70 |
| RoNW | 26.19% | 49.32% |
| PAT Margin | 20.40% | 19.51% |
| EBITDA Margin | 31.67% | 28.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Horizon Reclaim (India) IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Horizon Reclaim (India) IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Horizon Reclaim (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Horizon Reclaim (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Horizon Reclaim (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Horizon Reclaim (India) IPO dates are not announced. Please check back again after some time.
Horizon Reclaim (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Horizon Reclaim (India) 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 Horizon Reclaim (India) IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Horizon Reclaim (India) IPO allotment status.
The Horizon Reclaim (India) IPO listing date is not yet announced. The tentative date of listing is .
