Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹25.00 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). The minimum lot size investment for 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 Date | February 9, 2023 to February 13, 2023 |
| Listing Date | February 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,50,000 shares (aggregating up to ₹4.88 Cr) |
| Reserved for Market Maker | 1,02,000 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹0.2550 Cr) |
| Net Offered to Public | 18,48,000 shares (aggregating up to ₹4.62 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 53,91,675 shares |
| Share Holding Post Issue | 73,41,675 shares |
Lead Reclaim and Rubber Products IPO offers total 19,50,000 shares. Out of which 9,24,000 (47.38%) allocated to NII, 9,24,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.23%) |
| NII (HNI) Shares Offered | 9,24,000 (47.38%) |
| Retail Shares Offered | 9,24,000 (47.38%) |
| Total Shares Offered | 19,50,000 (100.00%) |
Lead Reclaim IPO opens on February 9, 2023, and closes on February 13, 2023.
| IPO Open Date | Thu, Feb 9, 2023 |
| IPO Close Date | Mon, Feb 13, 2023 |
| Tentative Allotment | Thu, Feb 16, 2023 |
| Initiation of Refunds | Fri, Feb 17, 2023 |
| Credit of Shares to Demat | Mon, Feb 20, 2023 |
| Tentative Listing Date | Tue, Feb 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 13, 2023 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 532.45 | 483.67 | 36.36 | 17.47 | -2.68 | 377.25 |
| 31-Mar-21 | 594.88 | 706.26 | 22.74 | 40.20 | 20.05 | 394.67 |
| 31-Mar-22 | 704.32 | 1,036.93 | 47.87 | 289.57 | 67.92 | 269.30 |
| 30-Sep-22 | 994.65 | 498.99 | 35.55 | 555.63 | 241.78 | 271.38 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Lead Reclaim IPO is ₹18.35 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.77 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. It has posted inconsistencies in its top and bottom lines for the reported periods. Based on H1-FY23 earnings, the issue is aggressively priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | February 21, 2023 |
| BSE Script Code | |
| NSE Symbol | LRRPL |
| ISIN | INE0H4B01011 |
| Final Issue Price | ₹25 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.50 |
| Low | ₹27.15 |
| High | ₹28.50 |
| Last Trade | ₹27.65 |
Lead Reclaim & Rubber Products Ltd.
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej,
Bypass Road,
Bharuch, Gujarat, 392001
Phone: +91 73590 10333
Email: info@leadrubber.com
Website: http://www.leadreclaim.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lead Reclaim IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹4.88 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on February 9, 2023, and closes on February 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 February 9, 2023 and closes on February 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 Monday, February 20, 2023. Check the Lead Reclaim IPO allotment status.
The Lead Reclaim IPO listing date is on Tuesday, February 21, 2023.
Useful Articles
RHP