Horizon Reclaim India IPO GMP at Rs 50 on Day 4 of Subscription — Expected Listing Price Rs 153 (+48.5%); IPO Closes Tomorrow June 16

Horizon Reclaim IPO GMP Day 4: Rs 50. Issue Rs 103. Est. listing Rs 153 (+48.5%). Closes tomorrow June 16. Allotment June 17. Listing June 19 BSE SME.

The Horizon Reclaim IPO grey market premium (GMP) has risen to Rs 50 on Day 4 of subscription (June 15, 2026), from Rs 33 on Day 1 (June 12), indicating strengthening grey market demand as the IPO nears its close. A GMP of Rs 50 on the upper price band of Rs 103 implies an estimated listing price of Rs 153 on BSE SME, representing a potential gain of approximately 48.5% for successful allottees. The Horizon Reclaim IPO subscription window closes TOMORROW, June 16, 2026 (the last day). Investors who wish to apply must submit their bids by 5 PM tomorrow through their broker’s app or net banking ASBA. Allotment is expected on June 17 and listing on BSE SME on June 19. The Horizon Reclaim IPO is a Rs 54.27 crore 100% fresh issue (no OFS) from Horizon Reclaim India Limited, a Saharanpur-based reclaimed rubber manufacturer.

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Horizon Reclaim IPO: Key Details

Horizon Reclaim IPO: GMP Trend and What It Signals

The Horizon Reclaim IPO GMP has shown a strong upward trend: Rs 5 (June 6, before subscription), Rs 33 (Day 1, June 12), Rs 35 (Day 2, June 13), Rs 43 (Day 3, June 14), Rs 50 (Day 4, today). A rising GMP during the subscription window typically indicates that subscription is building strongly, particularly in the QIB (Qualified Institutional Buyer) and HNI categories whose bids tend to dominate Day 3-5. For SME IPOs, a GMP rising to above 45-50% during subscription historically suggests a reasonable probability of strong listing. However, investors must note that GMP is unofficial and unregulated and can shift significantly between the last subscription day and actual listing day.

Horizon Reclaim IPO Financials

For FY2026 (full year), Horizon Reclaim India reported total income of Rs 50.01 crore, EBITDA of Rs 16.32 crore (EBITDA margin of 32.6%), and profit after tax of Rs 10.50 crore. The Horizon Reclaim IPO at Rs 103 implies a market cap of approximately Rs 200-210 crore, giving a P/E of approximately 20x on FY26 PAT and an EV/EBITDA of approximately 12-14x. For a growing sustainable materials company in the circular economy sector, these multiples appear reasonable given the strong GMP and sector tailwinds.

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Conclusion

Horizon Reclaim IPO GMP at Rs 50 (+48.5% over Rs 103 issue price) signals strong grey market demand on Day 4. IPO closes TOMORROW June 16. Allotment June 17. Listing June 19 BSE SME. Track live Horizon Reclaim IPO on Univest.

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Frequently Asked Questions

What is the Horizon Reclaim IPO GMP today and what does it mean?

Ans. The Horizon Reclaim India IPO grey market premium (GMP) today on Day 4 of subscription is Rs 50. Based on the issue price of Rs 103 (upper price band), a GMP of Rs 50 implies an estimated listing price of Rs 153, representing a potential listing gain of approximately 48.5% for successful allottees on listing day, June 19, 2026. The GMP has risen sharply from Rs 33 on Day 1 (June 12) to Rs 50 on Day 4 (June 15), indicating strengthening grey market demand as the subscription window nears its close. GMP is an unofficial, unregulated indicator and actual listing price may differ significantly. Subscriptions close tomorrow, June 16.

Is Horizon Reclaim IPO a good IPO to apply for on the last day?

Ans. Horizon Reclaim India IPO closes for subscription tomorrow, June 16, 2026. The company manufactures reclaimed rubber from used tyres, rubber tubes, and industrial rubber scrap, producing Natural Rubber Reclaim, Synthetic Rubber Reclaim, and Crumb Rubber. For FY2026, it reported total income of Rs 50.01 crore, EBITDA of Rs 16.32 crore (32.6% margin), and PAT of Rs 10.50 crore. The IPO is priced at Rs 98-103 with a market capitalisation of approximately Rs 200-210 crore at the upper band. On a trailing basis, the P/E is approximately 15.51x (on 9M FY26 annualised PAT). The high GMP of Rs 50 (+48.5%) suggests strong listing gain potential, but investors should note that SME IPO GMPs can shift rapidly. The circular economy and sustainable rubber recycling positioning is structurally relevant for India’s growing tyre recycling market.

What is Horizon Reclaim India’s business?

Ans. Horizon Reclaim India Limited, incorporated in 2006 and headquartered in Saharanpur, Uttar Pradesh, is one of India’s reclaimed rubber manufacturers. The company processes used tyres, rubber tubes, tread peelings, and industrial rubber scrap into three product types: Natural Rubber Reclaim (used in footwear, automotive components), Synthetic Rubber Reclaim (used in tyres and industrial rubber goods), and Crumb Rubber (used in construction, sports surfaces, and asphalt modification). Reclaimed rubber is 20-40% cheaper than virgin rubber and has a lower carbon footprint, making it a circular economy play. The company’s customers include tyre manufacturers, rubber goods manufacturers, and footwear companies.

How to check Horizon Reclaim IPO allotment status?

Ans. The allotment for Horizon Reclaim India IPO is expected to be finalised on June 17, 2026. To check your allotment status: visit the BSE website (www.bseindia.com), go to the IPO allotment status section, and enter your PAN number and application number. Alternatively, check the registrar’s website or through your broker’s app. If you applied through a broker, you will receive an allotment notification email from the registrar when the basis of allotment is finalised on June 17.

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