Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, Feb 9, 2023 - Mon, Feb 13, 2023
Lead Reclaim IPO is a fixed price issue of ₹4.88 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹4.88 crore.
Lead Reclaim IPO bidding started from Feb 9, 2023 and ended on Feb 13, 2023. The allotment for Lead Reclaim IPO was finalized on Feb 16, 2023. The shares got listed on NSE SME on Feb 21, 2023.
Lead Reclaim IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Svcm Securities Pvt.Ltd..
Refer to Lead Reclaim IPO RHP for detailed Information.
IPO Open
Thu, Feb 9, 2023
IPO Close
Mon, Feb 13, 2023
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹18.35 Cr
| IPO Date | 9 to 13 Feb, 2023 |
| Listed on | Tue, Feb 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,50,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,02,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹0.2550 Cr) |
| Fresh Issue (Ex Market Maker) | 18,48,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 18,48,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 53,91,675 shares |
| Share Holding Post Issue | 73,41,675 shares |
| NSE Symbol | LRRPL |
| ISIN | INE0H4B01011 |
Lead Reclaim IPO comprises a total issue size of 19,50,000 shares. The net offer to the public is 18,48,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,24,000 (50.00%) allocated to NII 9,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,24,000 | 50.00% | 47.38% |
| Retail Shares Offered | 9,24,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.23% | |
| Total Shares Offered | 19,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 2012, Lead Reclaim and Rubber Products Limited is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules.
The manufacturing unit of the company is situated in Sarali Road Village - Pithai, Taluka- Kathalal, Kheda. The unit is spread over a total land area of approximately 7790 sq. mts with a total install capacity of 5520 metric tons. The manufacturing facility is accredited with ISO 9001:2015 certifications for quality management systems.
Lead Reclaim focuses highly on:
The product diversification of the company allows it to fulfill the requirements of varied customers. Their product range varies in grades, thickness, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.
Lead Reclaim and Rubber Products to deliver its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 9.95 | 7.04 | 5.95 | 5.32 |
| Total Income | 4.99 | 10.37 | 7.06 | 4.84 |
| Profit After Tax | 0.36 | 0.48 | 0.23 | 0.36 |
| NET Worth | 5.56 | 2.90 | 0.40 | 0.17 |
| Reserves and Surplus | 2.42 | 0.68 | 0.20 | -0.03 |
| Total Borrowing | 2.71 | 2.69 | 3.95 | 3.77 |
| 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 our working capital requirements | 1.01 |
| 2 | Purchase of plant and machinery for augmenting our Manufacturing Facility | 2.16 |
| 3 | General corporate purposes | 1.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.77 | |
| Promoter Holding | 86.48% | 63.51% |
| Market Cap | ₹18.35 Cr. |
The Lead Reclaim and Rubber Products IPO is subscribed 75.98 times on February 13, 2023 7:00:00 PM (Day 3). The public issue subscribed 64.41 times in the retail category, [.] times in the QIB category, and 87.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 87.56 | 9,24,000 | 8,09,04,000 |
| Retail | 64.41 | 9,24,000 | 5,95,14,000 |
| Total | 75.98 | 18,48,000 | 14,04,18,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.18 |
| 2 | Registrar to the Issue | 0.01 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and marketing Expenses | 0.05 |
| 5 | Regulators including Stock Exchange | 0.08 |
| 6 | Printing and Distribution of issue stationery | 0.05 |
| 7 | Others fees payable to Marketing & Distribution expenses, Selling Commission, Brokerage, Underwriter, Market Maker, Processing fees, etc and other miscellaneous expenses | 0.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.50 |
| Low | ₹27.15 |
| High | ₹28.50 |
| Last Trade | ₹27.65 |
Lead Manager Reports
Lead Reclaim IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Feb 9, 2023, and closes on Mon, Feb 13, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lead Reclaim IPO using UPI as a payment gateway. Zerodha customers can apply in Lead Reclaim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lead Reclaim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lead Reclaim IPO opens on Thu, Feb 9, 2023 and closes on Mon, Feb 13, 2023.
Lead Reclaim IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Lead Reclaim 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 Lead Reclaim IPO will be done on Thursday, February 16, 2023, and the allotted shares will be credited to your demat account by Mon, Feb 20, 2023. Check the Lead Reclaim IPO allotment status.
The Lead Reclaim IPO listing date is on Tue, Feb 21, 2023.
