{"id":115290,"date":"2026-06-12T01:00:00","date_gmt":"2026-06-11T19:30:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=115290"},"modified":"2026-06-11T18:06:30","modified_gmt":"2026-06-11T12:36:30","slug":"horizon-reclaim-ipo-gmp-day-1-listing-details","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/","title":{"rendered":"Horizon Reclaim India IPO GMP Day 1: Grey Market Premium Strong at Rs 33, Estimated Listing Price Rs 136 \u2014 Should You Subscribe on Day 1?"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Horizon Reclaim IPO opens today (Day 1): June 12, 2026. GMP: Rs 33. Issue price Rs 103. Estimated listing: Rs 136 (+32%). Issue size Rs 54.27 Cr (100% fresh issue). Lot: 1,200 shares, min 2 lots = Rs 2,47,200. Listing June 19, BSE SME. GMP rose from Rs 5 (June 6) to Rs 33 (June 10) before opening.<\/em><\/p>\n<p>The <strong>Horizon Reclaim IPO<\/strong> opens for subscription today, June 12, 2026, with the grey market premium (GMP) already at a strong Rs 33 before Day 1 bids are counted. The Day 1 GMP of Rs 33 implies an estimated listing price of Rs 136, approximately 32% above the issue price of Rs 103, when the stock is expected to debut on BSE SME on June 19, 2026. The <strong>Horizon Reclaim IPO<\/strong> is a Rs 54.27 crore SME issue structured entirely as a fresh issue, with no offer-for-sale component. This means all IPO proceeds will flow into the business for working capital, debt repayment, and capacity expansion. The GMP had been building steadily since June 6, rising from Rs 5 to Rs 33 by June 10, indicating sustained pre-subscription grey market interest in the Saharanpur-based reclaimed rubber manufacturer.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=horizon-reclaim-ipo\"><strong>Click Here &#8211; Get Free IPO Research From Univest<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#Horizon_Reclaim_India_IPO_Key_Details\" title=\"Horizon Reclaim India IPO: Key Details\">Horizon Reclaim India IPO: Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#About_Horizon_Reclaim_India\" title=\"About Horizon Reclaim India\">About Horizon Reclaim India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#GMP_of_Rs_33_What_It_Signals_on_Day_1\" title=\"GMP of Rs 33: What It Signals on Day 1\">GMP of Rs 33: What It Signals on Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#What_is_the_Horizon_Reclaim_IPO_GMP_on_Day_1\" title=\"What is the Horizon Reclaim IPO GMP on Day 1?\">What is the Horizon Reclaim IPO GMP on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#What_does_Horizon_Reclaim_India_do\" title=\"What does Horizon Reclaim India do?\">What does Horizon Reclaim India do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#Should_you_apply_for_Horizon_Reclaim_IPO_on_Day_1\" title=\"Should you apply for Horizon Reclaim IPO on Day 1?\">Should you apply for Horizon Reclaim IPO on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/horizon-reclaim-ipo-gmp-day-1-listing-details\/#What_are_the_IPO_proceeds_being_used_for_in_Horizon_Reclaim_IPO\" title=\"What are the IPO proceeds being used for in Horizon Reclaim IPO?\">What are the IPO proceeds being used for in Horizon Reclaim IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Horizon_Reclaim_India_IPO_Key_Details\"><\/span><strong>Horizon Reclaim India IPO: Key Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">IPO Parameter<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">IPO Name<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Horizon Reclaim (India) Ltd. IPO<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">IPO Type<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">SME IPO , Book-Built<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Exchange<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BSE SME<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Issue Size<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 54.27 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Structure<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">100% Fresh Issue (52.69 lakh shares)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Price Band<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 98 to Rs 103 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Face Value<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Lot Size<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">1,200 shares (minimum 2 lots = 2,400 shares)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Minimum Retail Investment<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 2,47,200 (2,400 shares at Rs 103)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Minimum HNI Investment<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 3,70,800 (3 lots, 3,600 shares)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Subscription Open<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 12, 2026 (today, Day 1)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Subscription Close<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 16, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Allotment Date<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 17, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Share Credit<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 18, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Listing Date<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 19, 2026 (tentative, BSE SME)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">GMP Day 1 (June 12)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 33<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Estimated Listing Price<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 136 (Rs 103 + Rs 33 = +32.04% over issue price)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">QIB Quota<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">25,02,000 shares (~50%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">NII Quota<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~15%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Retail Quota<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~35%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BRLM<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">GYR Capital Advisors Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Registrar<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">KFin Technologies Ltd.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Market Maker<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Giriraj Stock Broking Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Business<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Reclaimed rubber manufacturer , Natural, Synthetic, Crumb rubber<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Incorporated<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">2006, Saharanpur, Uttar Pradesh<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Post-IPO float<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">26.81% of paid-up capital<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 22px 26px 18px; margin: 24px 0; cursor: pointer;\">\n<p style=\"font-size: 18px; font-weight: bold; color: #0a0a23; margin: 0 0 8px;\">Track Horizon Reclaim IPO and All Upcoming SME IPOs on Univest<\/p>\n<p style=\"font-size: 14px; color: #3a3a5c; margin: 0 0 10px;\">Univest covers Horizon Reclaim IPO and all SME IPOs with GMP, subscription, and listing analysis.<\/p>\n<ul style=\"margin: 0 0 12px 18px; color: #3a3a5c; font-size: 14px; line-height: 1.8;\">\n<li>Live Horizon Reclaim IPO GMP Day 1 and subscription updates<\/li>\n<li>SME IPO allotment tracking and expected listing price analysis<\/li>\n<li>Daily IPO research from Univest analysts<\/li>\n<\/ul>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 14px; font-weight: 600; padding: 10px 22px; border-radius: 50px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"About_Horizon_Reclaim_India\"><\/span><strong>About Horizon Reclaim India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Horizon Reclaim India Ltd., incorporated in 2006 in Saharanpur, Uttar Pradesh, specialises in the manufacture of reclaimed rubber from waste tyres, rubber tubes, tread peelings, and industrial rubber waste. The company produces three main product categories: Natural Rubber Reclaim, Synthetic Rubber Reclaim, and Crumb Rubber. These find applications across the automotive (tyres, seals, gaskets), footwear, construction (waterproofing), and industrial sectors. Reclaimed rubber is a circular economy product: it offers equivalent properties to virgin rubber at significantly lower cost, with the added sustainability benefit of diverting rubber waste from landfills. The <strong>Horizon Reclaim IPO<\/strong> is structured as a 100% fresh issue, with the Rs 54.27 crore proceeds earmarked for business expansion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"GMP_of_Rs_33_What_It_Signals_on_Day_1\"><\/span><strong>GMP of Rs 33: What It Signals on Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A GMP of Rs 33 on <strong>Horizon Reclaim IPO<\/strong> Day 1 is a strong grey market signal. The GMP rising from Rs 5 on June 6 to Rs 33 on June 10, before the IPO even opened, suggests meaningful grey market demand building ahead of subscription. The implied listing gain of 32% over Rs 103 is significantly above the typical 10-15% threshold that attracts retail interest. However, Day 1 GMP should be interpreted cautiously: GMPs can fluctuate significantly during the subscription period, and the actual listing price will depend primarily on final Day 3 subscription multiples (especially QIB), broader market conditions on listing day, and actual buying at the June 19 opening on BSE SME.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Horizon Reclaim IPO GMP and Subscription Live on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Horizon Reclaim IPO<\/strong> opens on Day 1 with a strong GMP of Rs 33, implying a 32% listing gain at Rs 136 over the issue price of Rs 103. The 100% fresh issue structure is positive. The subscription window is open June 12-16, with allotment June 17 and listing June 19 on BSE SME. Track live <strong>Horizon Reclaim IPO<\/strong> GMP and subscription on Univest.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Horizon Reclaim IPO GMP, subscription, and allotment status live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Horizon_Reclaim_IPO_GMP_on_Day_1\"><\/span><strong>What is the Horizon Reclaim IPO GMP on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. The Horizon Reclaim IPO grey market premium (GMP) on Day 1 (June 12, 2026, the opening day of subscription) is Rs 33. Based on the issue price of Rs 103 (upper band), this GMP implies an estimated listing price of Rs 136, representing a potential listing gain of approximately 32% for allottees when the stock lists on BSE SME on June 19, 2026. The GMP had risen from Rs 5 (June 6) to Rs 33 (June 10) even before the IPO opened, indicating a sustained build-up of grey market interest ahead of the opening day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Horizon_Reclaim_India_do\"><\/span><strong>What does Horizon Reclaim India do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. Horizon Reclaim India Ltd., incorporated in 2006 and headquartered in Saharanpur, Uttar Pradesh, is one of India&#8217;s manufacturers of reclaimed rubber. The company processes recycled tyres, rubber tubes, tread peelings, and industrial rubber waste to produce Natural Rubber Reclaim, Synthetic Rubber Reclaim, and Crumb Rubber. These products are used across automotive, footwear, construction, and industrial sectors. The reclaimed rubber industry is a circular economy play, benefiting from growing demand for sustainable and cost-effective alternatives to virgin rubber. The IPO is a 100% fresh issue, meaning all proceeds flow into the company for working capital, borrowing repayment, and capital expenditure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_you_apply_for_Horizon_Reclaim_IPO_on_Day_1\"><\/span><strong>Should you apply for Horizon Reclaim IPO on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. The Horizon Reclaim IPO GMP of Rs 33 on Day 1 indicates strong grey market demand, with a 32% implied listing gain. The 100% fresh issue structure is positive as it shows promoter confidence rather than an exit. The company is in the circular economy and reclaimed rubber segment, which has structural demand from automotive and industrial sectors. However, Day 1 subscription data has not yet been published, and investors should wait to see the QIB subscription levels (especially on Day 3) before drawing conclusions about allotment probability. For long-term investors comfortable with SME IPO risk, the Day 1 GMP of Rs 33 is an encouraging signal. For conservative investors, tracking Day 3 QIB participation alongside GMP provides a more complete picture.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_IPO_proceeds_being_used_for_in_Horizon_Reclaim_IPO\"><\/span><strong>What are the IPO proceeds being used for in Horizon Reclaim IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. The Horizon Reclaim IPO is a 100% fresh issue of Rs 54.27 crore, with no offer-for-sale component. The IPO proceeds are intended to be used for three primary purposes: working capital requirements to support ongoing operations and receivable management; repayment or prepayment of existing borrowings to reduce debt on the balance sheet; and capital expenditure for expansion of manufacturing capacity. The absence of any OFS component means no promoter or investor is selling shares in this IPO, which is generally viewed as a positive signal of confidence in the company&#8217;s future growth.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Horizon Reclaim IPO GMP on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Horizon Reclaim IPO grey market premium (GMP) on Day 1 (June 12, 2026, the opening day of subscription) is Rs 33. Based on the issue price of Rs 103 (upper band), this GMP implies an estimated listing price of Rs 136, representing a potential listing gain of approximately 32% for allottees when the stock lists on BSE SME on June 19, 2026. The GMP had risen from Rs 5 (June 6) to Rs 33 (June 10) even before the IPO opened, indicating a sustained build-up of grey market interest ahead of the opening day.\"}},{\"@type\":\"Question\",\"name\":\"What does Horizon Reclaim India do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Horizon Reclaim India Ltd., incorporated in 2006 and headquartered in Saharanpur, Uttar Pradesh, is one of India's manufacturers of reclaimed rubber. The company processes recycled tyres, rubber tubes, tread peelings, and industrial rubber waste to produce Natural Rubber Reclaim, Synthetic Rubber Reclaim, and Crumb Rubber. These products are used across automotive, footwear, construction, and industrial sectors. The reclaimed rubber industry is a circular economy play, benefiting from growing demand for sustainable and cost-effective alternatives to virgin rubber. The IPO is a 100% fresh issue, meaning all proceeds flow into the company for working capital, borrowing repayment, and capital expenditure.\"}},{\"@type\":\"Question\",\"name\":\"Should you apply for Horizon Reclaim IPO on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Horizon Reclaim IPO GMP of Rs 33 on Day 1 indicates strong grey market demand, with a 32% implied listing gain. The 100% fresh issue structure is positive as it shows promoter confidence rather than an exit. The company is in the circular economy and reclaimed rubber segment, which has structural demand from automotive and industrial sectors. However, Day 1 subscription data has not yet been published, and investors should wait to see the QIB subscription levels (especially on Day 3) before drawing conclusions about allotment probability. For long-term investors comfortable with SME IPO risk, the Day 1 GMP of Rs 33 is an encouraging signal. For conservative investors, tracking Day 3 QIB participation alongside GMP provides a more complete picture.\"}},{\"@type\":\"Question\",\"name\":\"What are the IPO proceeds being used for in Horizon Reclaim IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Horizon Reclaim IPO is a 100% fresh issue of Rs 54.27 crore, with no offer-for-sale component. The IPO proceeds are intended to be used for three primary purposes: working capital requirements to support ongoing operations and receivable management; repayment or prepayment of existing borrowings to reduce debt on the balance sheet; and capital expenditure for expansion of manufacturing capacity. 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