Fixed Price IPO | ₹34 Cr | Listed at NSE SME | Mon, Dec 13, 2021 - Wed, Dec 15, 2021
Nupur Recyclers IPO is a fixed price issue of ₹34.20 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹34.20 crore.
Nupur Recyclers IPO bidding started from Dec 13, 2021 and ended on Dec 15, 2021. The shares got listed on NSE SME on Dec 23, 2021.
Nupur Recyclers IPO price is ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Nupur Recyclers IPO RHP for detailed Information.
IPO Open
Mon, Dec 13, 2021
IPO Close
Wed, Dec 15, 2021
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹124.80 Cr
| IPO Date | 13 to 15 Dec, 2021 |
| Listed on | Thu, Dec 23, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,00,000 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 3,00,000 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,00,000 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 54,00,000 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,51,00,000 shares |
| Share Holding Post Issue | 2,08,00,000 shares |
| NSE Symbol | NRL |
| ISIN | INE0JM501013 |
Nupur Recyclers IPO comprises a total issue size of 57,00,000 shares. The net offer to the public is 54,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 27,00,000 (50.00%) allocated to NII 27,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,00,000 | 50.00% | 47.37% |
| Retail Shares Offered | 27,00,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.26% | |
| Total Shares Offered | 57,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Nupur Recyclers is engaged in metal scrap processing & recycling. The company is involved in the importing, manufacturing, and trading of non-ferrous metal scraps such as shredded zinc scrap, zinc die cast scrap, zurik ss scrap, and aluminium zorba grades. The company acts as an intermediary in the metals scrap supply chain where they import scrap metals from various suppliers and supply the same to customers in the Metal Business.
The company has also added two new verticals of installation of charging stations in the Delhi NCR Region in collaboration with EVi Tech. Its also extracts Lithium-Ion, Cobalt, and Black Mass from the used mobile phone batteries and processes them to be used in refurbishments. The company derives the majority of its revenue from Zurik products.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Working Capital requirements of the Company | 26.00 |
| 2 | To meet out the General Corporate Purposes | 6.49 |
The Nupur Recyclers IPO is subscribed 43.67 times on December 15, 2021 5:01:00 PM (Day 3). The public issue subscribed 34.23 times in the retail category, [.] times in the QIB category, and 53.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 53.12 | 27,00,000 | 14,34,20,000 |
| Retail | 34.23 | 27,00,000 | 9,24,12,000 |
| Total | 43.67 | 54,00,000 | 23,58,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 1.12 |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.20 |
| 6 | Regulators including stock exchanges | 0.06 |
| 7 | Others, if any (to be specified). Advisor to Issue, Peer Review Auditor & Statutory Auditor & other misc. expenses like issue stationary etc | 0.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹74.00 |
| Low | ₹70.35 |
| High | ₹77.70 |
| Last Trade | ₹77.70 |
Lead Manager Reports
Nupur Recyclers IPO is a SME IPO of 57,00,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 13, 2021, and closes on Wed, Dec 15, 2021.
Skyline Financial 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 Nupur Recyclers IPO using UPI as a payment gateway. Zerodha customers can apply in Nupur Recyclers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nupur Recyclers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nupur Recyclers IPO opens on Mon, Dec 13, 2021 and closes on Wed, Dec 15, 2021.
Nupur Recyclers IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Nupur Recyclers 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 Nupur Recyclers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nupur Recyclers IPO allotment status.
The Nupur Recyclers IPO listing date is on Thu, Dec 23, 2021.
