Horizon Reclaim (India) IPO
Open SmeCurrent GMP
₹75 (+72.82%)
Price Band
₹ 98 – 103
Lot Size
1200
Issue Size
₹54 Cr
Minimum Investment
₹247200 (2400 Shares)
Listing Date
19 June 2026
Subscription
304.19x
About the Company
Incorporated in 2006, Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber, a sustainable and cost-effective material produced by recycling used rubber products such as discarded tyres, rubber tubes, tread peelings, and industrial rubber scrap. The company caters primarily to industrial and business-to-business (B2B) customers across various rubber-based manufacturing sectors.
Product Portfolio
1. Natural Rubber Reclaim
- Manufactured from recycled tyre casings and tubes.
- Widely used in the production of footwear soles, floor mats, tyre base layers, moulded rubber goods, and other rubber products.
2. Synthetic Rubber Reclaim
- Includes reclaimed EPDM and Butyl rubber grades.
- Applications include automotive seals, hoses, gaskets, weather strips, construction profiles, and other industrial rubber components.
3. Crumb Rubber
- Produced from end-of-life tyres through specialized recycling processes.
- Used in road construction, sports and playground surfaces, roofing sheets, and various infrastructure applications.
- Available in multiple grades and specifications to meet diverse customer requirements.
Market Presence
The company primarily follows a B2B sales model, serving small and medium-sized enterprises (SMEs) as well as industrial customers. Its operations are concentrated mainly in the northwestern region of India, where it supplies customized reclaimed rubber solutions tailored to industry-specific requirements.
Promoters
- Mohit Bajaj
- Malika Bajaj
Promoters Holding
Holding Pre Issue
95.84%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of our Company
- Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company
- Funding Capital Expenditure for the installation of additional Plant & Machinery
- General Corporate Purposes
Address / Contact Info
Horizon Reclaim (India) Ltd. Address
Khasra no. 9,
Dehradun Road, Near Nirankari Bhawan
Village - Kumar Hera,
Saharanpur, Uttar Pradesh, 247001
Email-ID: cs@horizonreclaim.
Website:https://horizonreclaim.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 12 June 2026
IPO Close Date
Tuesday, 16 June 2026
Basis of Allotment
Wednesday, 17 June 2026
Initiation of Refunds
Thursday, 18 June 2026
Credit of Shares to Demat
Thursday, 18 June 2026
Listing Date
Friday, 19 June 2026 — NSE & BSE
Important Dates
Open Date
12 June 2026
Close Date
16 June 2026
Basis Of Allotment
17 June 2026
Listing Date
19 June 2026
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 64.88 | 26.08 | 8.45 |
| Revenue | 50.01 | 36.39 | 20.44 |
| Profit After Tax | 10.5 | 7.07 | 0.71 |
| Net Worth | 24.83 | 14.33 | 7.26 |
| Reserve & Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowings | 35.76 | 10.03 | 0 |
EPS Pre
7.37%
EPS Post
5.38%
P/E Pre
13.97
P/E (Post Issue)
19.14x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 53.63 | 65.47 | 10.3 |
| ROCE % | 25.45 | 40.7 | 13.11 |
| Debt / Equity | 1.44 | 0.7 | 0 |
| RoNW % | 42.29 | 49.32 | 9.8 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 21.25 | 19.51 | 3.5 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1000800 | 28.56 | 0 |
| Non-Institutional | 751200 | 21.44 | 0 |
| BNII | 500400 | 14.28 | 0 |
| SNII | 250800 | 7.16 | 0 |
| Retail Investors | 1752000 | 50 | 0 |
| Total | 3504000 | 100 | 0 |
Subscription Status ( Tue, 16 Jun 26 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1000800 | 186865200 | 186.72x |
| Non-Institutional | 751200 | 338862000 | 451.09x |
| BNII | 500400 | 251668800 | 502.94x |
| SNII | 250800 | 87193200 | 347.66x |
| Retail Investors | 1752000 | 540144000 | 308.3x |
| Total | 3504000 | 1065871200 | 304.19x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Horizon Reclaim (India) Ltd | 10 | 0.00 | 7.37 | 7.37 | 42.29 | 17.43 |
| Lead Reclaim and Rubber Products Ltd | 10 | 19.04 | 4.73 | 4.73 | 10.27 | 27.96 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 247,200.00 |
| Retail (Max) | 2 | 2,400 | 247,200.00 |
| S-HNI (Min) | 3 | 3,600 | 370,800.00 |
| S-HNI (Max) | 8 | 9,600 | 988,800.00 |
| B-HNI (Min) | 9 | 10,800 | 1,112,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Horizon Reclaim (India) IPO is a Book-building IPO worth ₹54 crores. The price band is ₹98 to 103 per share. The IPO opens on Fri, Jun 12, 2026 and closes on Tue, Jun 16, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Horizon Reclaim (India) IPO opens on Fri, Jun 12, 2026 and closes on Tue, Jun 16, 2026
Horizon Reclaim (India) IPO Price Band is ₹98 to 103.
Horizon Reclaim (India) IPO lot size is 1200, and the minimum amount required for application is ₹247200.
The minimum investment for Horizon Reclaim (India) IPO is approximately ₹247200 based on the upper price band.
To apply for the Horizon Reclaim (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 16, 2026. After submission, funds are blocked until the basis of allotment of Horizon Reclaim (India) IPO is finalised.
Horizon Reclaim (India) IPO issue size is ₹54 crores.
Horizon Reclaim (India) IPO allotment date is Sat, Jun 27, 2026.
The registrar for Horizon Reclaim (India) IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Horizon Reclaim (India) IPO through their official website or helpline.
The Horizon Reclaim (India) IPO GMP (Grey Market Premium) is ₹75 as of Fri, Jun 19, 2026. Based on the upper price band of ₹103 per share, the estimated Horizon Reclaim (India) IPO listing price is ₹178, indicating a potential listing gain of approximately 31% over the issue price.