Bookbuilding IPO | ₹54 Cr | Listing at BSE SME | Fri, Jun 12, 2026 - Tue, Jun 16, 2026
Horizon Reclaim (India) IPO is a book build issue of ₹54.27 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹54.27 crore.
Horizon Reclaim (India) IPO opens for subscription on Jun 12, 2026 and closes on Jun 16, 2026. The allotment for the Horizon Reclaim (India) IPO is expected to be finalized on Jun 17, 2026. Horizon Reclaim (India) IPO will list on the BSE SME with a tentative listing date fixed as Jun 19, 2026.
Horizon Reclaim (India) IPO is set issue price band at ₹98 to ₹103 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,47,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,70,800.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Refer to Horizon Reclaim (India) IPO RHP for detailed Information.
IPO Open
Fri, Jun 12, 2026
IPO Close
Tue, Jun 16, 2026
Price Band
₹98 to ₹103
Market Cap (Pre-IPO)
₹201.01 Cr
| IPO Date | 12 to 16 Jun, 2026 |
| Listing Date | Fri, Jun 19, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹98 to ₹103 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 52,69,200 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 2,64,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 50,05,200 shares (agg. up to ₹52 Cr) |
| Net Offered to Public | 50,05,200 shares (agg. up to ₹52 Cr) |
| Share Holding Pre Issue | 1,42,46,200 shares |
| Share Holding Post Issue | 1,95,15,400 shares |
Horizon Reclaim (India) IPO comprises a total issue size of 52,69,200 shares. The net offer to the public is 50,05,200 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 25,02,000 (49.99%) are allocated to QIB, 7,51,200 (15.01%) allocated to NII 17,52,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,02,000 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 15,01,200 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 10,00,800 | 18.99% | |
| NII (HNI) Shares Offered | 7,51,200 | 15.01% | 14.26% |
| − bNII > ₹10L | 5,00,400 | 9.50% | |
| − sNII < ₹10L | 2,50,800 | 4.76% | |
| Retail Shares Offered | 17,52,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.01% | |
| Total Shares Offered | 52,69,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,47,200 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 |
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:
Horizon Reclaim (India) Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.
| 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 | |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Defrail Technologies Ltd. | SME | ₹13.77 Cr | ₹74 | ₹90.25 | +21.96% | ₹74.50 (+0.00%) |
| Ameenji Rubber Ltd. | SME | ₹30.00 Cr | ₹100 | ₹106.05 | +6.05% | ₹146.00 (-3.34%) |
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 | |
| Total | 42.13 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 53.63% |
| ROCE | 25.45% |
| Debt/Equity | 1.44 |
| RoNW | 42.29% |
| PAT Margin | 21.25% |
| EBITDA Margin | 32.64% |
| Price to Book Value | 5.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.37 | 5.38 |
| P/E (x) | 13.97 | 19.14 |
| Promoter Holding | 95.84% | |
| Market Cap | ₹201.01 Cr. |
Lead Manager Reports
Horizon Reclaim (India) IPO is a SME IPO of 52,69,200 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹98 to ₹103. The minimum order quantity is 1200.
The IPO opens on Fri, Jun 12, 2026, and closes on Tue, Jun 16, 2026.
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 opens on Fri, Jun 12, 2026 and closes on Tue, Jun 16, 2026.
Horizon Reclaim (India) IPO lot size is 1200, and the minimum amount required for application is ₹2,47,200, with 2 lots being the minimum application size.
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 Wednesday, June 17, 2026, and the allotted shares will be credited to your demat account by Thu, Jun 18, 2026. 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 Fri, Jun 19, 2026.
