Horizon Reclaim (India)
19 Jun '26SME
Min. Investment
₹2,35,200
Issue size
₹54.27 Cr
GMP
Locked
Overall subscription: 235.86x
Check allotment status
Expert verdict
IPO dates
12 Jun
Opening
16 Jun
Closing
17 Jun
Allotment
19 Jun
Listing
*Refunds will be initiated on 18 Jun '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,47,200 |
Subscription (as on 05 July 2026, 08:30 AM)
Overall235.86x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2006|MD: Mr Mohit Bajaj
- Horizon Reclaim (India) Limited is a manufacturer of reclaimed rubber, which is produced by recycling used rubber materials such as tyres, tubes, tread peelings, and industrial rubber scrap. The company offers a range of products including natural reclaim rubber, synthetic reclaim rubber (EPDM and butyl reclaim rubber), and crumb rubber.
- These products are used in applications such as footwear soles, floor mats, automotive seals, hoses, gaskets, conveyor belts, road construction, sports surfaces, and other rubber-based products. The company sources raw materials from tyre dismantlers, waste collectors, scrap dealers, and imported suppliers.
- As of March 31, 2026, Horizon Reclaim operated a manufacturing facility in Roorkee, Uttarakhand, with an installed production capacity of 14,100 metric tonnes per annum.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Funding the working capital requirements of the company — Rs 6 crore
- Pre-payment or repayment of all or a portion of certain outstanding borrowings availed by the company — Rs 26.7 crore
- Funding capital expenditure for the installation of additional plant & machinery — Rs 9.43 crore
- General corporate purposes
Issue Details & Objective
Lot size
1200 Shares
Price band
₹98 to 103
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.49%
QIB - 18.99%
HNI - 14.26%
Retail - 33.25%
Download DRHP (IPO Doc)FAQs
Should I apply for the Horizon Reclaim (India) IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Horizon Reclaim (India) IPO?
The issue size of Horizon Reclaim (India) IPO is ₹54.27 Cr
What are the open and close dates for Horizon Reclaim (India) IPO?
The Horizon Reclaim (India) IPO will be open for applications from 12 Jun '26 to 16 Jun '26
What is the lot size and minimum order quantity of Horizon Reclaim (India) IPO?
The lot size of Horizon Reclaim (India) IPO is 1200 Shares and its minimum investment amount is ₹2,35,200.
What is the GMP value of Horizon Reclaim (India) IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Horizon Reclaim (India) IPO is 53.40
