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IPO Synopsis

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IPO

Horizon Reclaim (India) Ltd
Initial public offer of up to 52,69,200* equity shares of face value Rs.10/- each (the "Equity Shares") of Horizon Reclaim (India) Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 98-103 per equity share (including securities premium of Rs. 88-93 per equity share) ("Issue Price"), aggregating up to Rs. 51.64-54.27 Crores (the "Issue") of which 2,64,000 equity shares aggregating to Rs. 2.59-2.72 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 50,05,200 equity shares of face value of Rs.10 each at an issue price of Rs. 98-103 per equity share aggregating upto Rs. 49.05-51.55 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.00% and 25.65% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 98/- to Rs. 103/- per equity share of face value Rs. 10/- each. The floor price is 9.8 times of the face value and the cap price is 10.3 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
Issue
Opens On Closes On
12-Jun-26 16-Jun-26
Money Payable On
Application Allotment
98.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 GYR Capital Advisors Private Limited
Project Financed through Current Offer (.Cr) 51.64  
Post Issue Equity Share Capital (.Cr) 19.52
Issue Price () 98.00
Projects
Funding the working capital requirements of the Company
Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by its Company
Funding Capital Expenditure for the installation of additional Plant & Machinery
General corporate purposes
Promoted By
Mohit Bajaj
Malika Bajaj
Ashok Kumar Bajaj HUF
Listing At
BSE - SME
Registrar to the Issue
KFin Technologies Ltd