Horizon Reclaim IPO Listing: What to Expect on the BSE SME Debut

The Horizon Reclaim IPO listing is in focus after a heavily subscribed issue, and investors want to know what the debut could look like. Horizon Reclaim is a BSE SME reclaimed-rubber maker that saw very strong demand, and the unofficial grey market premium firmed through the bidding window. Any expected listing price below is drawn from the unofficial grey market and is not a guarantee.

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Horizon Reclaim IPO Details

Here are the core terms of the issue for context.

Particulars	Details
Price Band	₹98 to ₹103
Lot Size	1,200 shares
Minimum Investment (Retail)	₹2,47,200 for 2 lots (2,400 shares) at the upper band
Issue Size	₹54.27 crore (a 100 percent fresh issue of 52,69,200 shares)
Issue Type	Book-built fresh issue
Face Value	₹10
Listing Platform	the BSE SME platform
Registrar	KFin Technologies
Lead Manager	GYR Capital Advisors

Horizon Reclaim IPO Listing Price and Grey Market Premium

In the latest available grey market updates, the unofficial premium pointed to a Horizon Reclaim IPO listing of around ₹150 to ₹166, an implied gain of roughly 45 to 60 percent over the ₹103 upper price band. This figure comes from the grey market, which is unofficial and unregulated, varies by tracker and can shift before the shares list. The actual Horizon Reclaim IPO listing price will be decided by real demand on the day, and a high grey market premium does not guarantee that the Horizon Reclaim IPO listing or the levels after it will match.

Horizon Reclaim IPO Subscription Strength

Demand during the bidding window was strong, with the issue subscribed about 182 times overall by the final day. Heavy oversubscription supports the Horizon Reclaim IPO listing outlook and is generally a more dependable indicator than the grey market premium alone, though it does not on its own determine the listing price. It also means retail allotment was by lottery, so many applicants may not have received shares.

Horizon Reclaim IPO Listing Day: What to Watch

On debut, a few things are worth watching closely.

• Opening price versus the grey market premium: a listing far above or below the unofficial premium shows how sentiment has shifted, and SME debuts can be volatile in the first minutes.
• Profit booking: after a strong listing, early investors often sell, which can pull the price back from its opening high.
• Liquidity: SME shares trade in fixed market lots with thinner volumes, so price swings can be sharp and exits less smooth than on the main board.
• Holding view: a listing pop is a short-term event, while staying invested should rest on the company’s earnings, order pipeline and valuation.

About Horizon Reclaim

Horizon Reclaim is a Saharanpur, Uttar Pradesh based maker of reclaimed rubber, which is recycled rubber produced from used tyres, rubber tubes, tread peelings and industrial scrap. Its products span Natural Rubber Reclaim, Synthetic Rubber Reclaim and Crumb Rubber, used across automotive, footwear, construction and industrial applications. Reclaimed rubber is a circular-economy product that offers properties similar to virgin rubber at a lower cost while diverting waste from landfill.

Horizon Reclaim Financials and Valuation

The fundamentals behind the Horizon Reclaim IPO listing matter more than any debut pop. Horizon Reclaim grew both revenue and profit strongly in the latest reported year.

Metric	FY26	FY25
Revenue	₹50.01 crore	₹36.39 crore
Profit After Tax	₹10.50 crore	₹7.07 crore

On the offer, the issue is valued at a price to earnings ratio of about 19.14, with earnings per share of about ₹5.38, return on net worth of about 42.29 percent and a market capitalisation of about ₹201 crore. The sharp jump in profit is a strength, but its sustainability is a key watch point.

Horizon Reclaim Strengths and Risks

The main strengths and risks to weigh before the Horizon Reclaim IPO listing are below.

Strengths

• Strong revenue and profit growth in the latest reported year.
• A circular-economy product with structural demand from automotive and industrial sectors.
• A 100 percent fresh issue and very strong subscription during bidding.

Risks

• A sharp recent earnings jump whose sustainability is uncertain.
• A competitive and fragmented reclaimed-rubber market.
• SME post-listing volatility, thin liquidity and a valuation some see as aggressive.

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Conclusion

The Horizon Reclaim IPO listing is supported by strong subscription and a firm grey market premium, but both are sentiment signals rather than promises. A strong Horizon Reclaim IPO listing is possible, yet SME debuts are volatile and the grey market is unofficial and unverified, so any decision to buy on listing or to hold should rest on the company’s fundamentals and valuation. This article is educational, and investors should consult a SEBI-registered Investment Adviser before investing.

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What is the expected Horizon Reclaim IPO listing price?

Ans. In the latest grey market updates, the unofficial premium implied a Horizon Reclaim IPO listing of around ₹150 to ₹166, an implied gain of roughly 45 to 60 percent over the ₹103 upper band. This is an unofficial estimate, not a guarantee, and the real opening price is set by demand on listing day.

On which platform will Horizon Reclaim list?

Ans. The Horizon Reclaim IPO is proposed to list on the BSE SME platform on its listing day. The exact date should be confirmed on the exchange and registrar websites.

How was the Horizon Reclaim IPO subscribed?

Ans. The Horizon Reclaim IPO saw strong demand and was subscribed about 182 times overall by the final day of bidding, which points to robust investor appetite, though it does not by itself fix the listing price.

What is the Horizon Reclaim IPO GMP?

Ans. The Horizon Reclaim IPO grey market premium firmed through the bidding window in the latest available updates, but it is an unofficial, unregulated indicator that varies by source and changes daily, so it should be treated as sentiment only.

What should investors watch on the Horizon Reclaim IPO listing day?

Ans. On the Horizon Reclaim IPO listing day, watch the opening price against the grey market premium, early profit booking after a strong listing, the thinner SME liquidity that can cause sharp swings, and whether the fundamentals support holding beyond the debut.

What is the Horizon Reclaim IPO price band and lot size?

Ans. The Horizon Reclaim IPO price band is ₹98 to ₹103 with a lot size of 1,200 shares, and the minimum retail application is ₹2,47,200 for 2 lots (2,400 shares) at the upper band.

What are the risks for Horizon Reclaim after listing?

Ans. Key risks include SME post-listing volatility and thin liquidity, the sustainability of a recent sharp jump in earnings, a competitive and fragmented reclaimed-rubber market, and a valuation that some observers see as aggressive.

Is this Horizon Reclaim listing preview investment advice?

Ans. No. This Horizon Reclaim IPO listing preview is educational content from Univest, a SEBI-registered Investment Adviser, and is not a recommendation. Investors should consult a SEBI-registered Investment Adviser before investing.