Horizon Reclaim (India)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Horizon Reclaim (India) IPO Market Lot
- 06 Horizon Reclaim IPO Details
- 07 Horizon Reclaim IPO Reservation
- 08 Horizon Reclaim IPO Anchor Investors
- 09 Horizon Reclaim IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About Horizon Reclaim IPO
- 13 Horizon Reclaim IPO Company Financial Report
- 14 Horizon Reclaim IPO Valuation – FY2026
- 15 Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 15 Jun 2026 | ₹57.00 | +₹7.00 | 55.34% |
| 12 Jun 2026 | ₹50.00 | - | 48.54% |
Horizon Reclaim (India) IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹247,200 |
| Retail Maximum | 2 | 2,400 | ₹247,200 |
| S-HNI Minimum | 3 | 3,600 | ₹370,800 |
| S-HNI Maximum | 8 | 9,600 | ₹988,800 |
| B-HNI Minimum | 9 | 10,800 | ₹1,112,400 |
Horizon Reclaim IPO DETAILS
| Particulars | Details |
|---|---|
| IPO Open Date | June 12, 2026 |
| IPO Close Date | June 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹98 to ₹103 Per Share |
| Issue Size | Approx ₹54.27 Crores, 52,69,200 Equity Shares |
| Fresh Issue | Approx ₹54.27 Crores, 52,69,200 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Horizon Reclaim IPO RESERVATION
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 15,01,200 Shares | 28.49% |
| QIB (Ex. Anchor) | 10,00,800 Shares | 18.99% |
| NII Shares Offered | 7,51,200 Shares | 14.26% |
| Retail Shares Offered | 17,52,000 Shares | 33.25% |
Horizon Reclaim IPO Anchor INVESTORS
Horizon Reclaim IPO has allotted a portion of the issue to anchor investors ahead of the public subscription. The anchor book opened on June 11, 2026, with shares allocated to eligible institutional investors subject to the prescribed lock-in periods.
| Particulars | Details |
|---|---|
| Anchor Bidding Date | June 11, 2026 |
| Shares Offered | 15,01,200 Shares |
| Anchor Size | ₹15.46 Cr. |
| Lock-in Period End Date (50% Shares - 30 Days) | July 17, 2026 |
| Lock-in Period End Date (Remaining 50% Shares - 90 Days) | September 15, 2026 |
Horizon Reclaim IPO DATES
The Horizon Reclaim IPO will open for subscription on June 12, 2026 and close on June 16, 2026. The basis of allotment is expected to be finalized on June 17, 2026. Refunds and credit of shares to Demat accounts are scheduled for June 18, 2026, while the IPO is proposed to be listed on the BSE SME platform on June 19, 2026.
| Event | Date |
|---|---|
| IPO Open Date | June 12, 2026 |
| IPO Close Date | June 16, 2026 |
| Basis of Allotment | June 17, 2026 |
| Refunds | June 18, 2026 |
| Credit to Demat Account | June 18, 2026 |
| IPO Listing Date | June 19, 2026 |
| IPO Bidding Cut-off Time | June 16, 2026 – 5 PM |
Promoters and Holding PATTERN
The promoters of Horizon Reclaim are Mohit Bajaj and Malika Bajaj. The table below highlights the promoter shareholding before and after the IPO issue.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,42,46,200 | 95.84% |
| Promoter Holding Post Issue | 1,95,15,400 | -% |
Objects of the Issue & Utilisation of PROCEEDS
Horizon Reclaim intends to utilize the net proceeds from the IPO for meeting working capital requirements, repayment or prepayment of certain outstanding borrowings, funding capital expenditure for the installation of additional plant and machinery, and general corporate purposes.
| Purpose | Amount |
|---|---|
| Funding the Working Capital Requirements of the Company | ₹6.00 Cr. |
| Pre-payment or Repayment of All or a Portion of Certain Outstanding Borrowings Availed by the Company | ₹26.70 Cr. |
| Funding Capital Expenditure for the Installation of Additional Plant & Machinery | ₹9.43 Cr. |
| General Corporate Purpose | ₹- |
About Horizon Reclaim IPO
Horizon Reclaim (India) Ltd, founded in 2006, is one of the leading manufacturers of reclaimed rubber. It is recycled rubber made from used rubber material such as old tyres, rubber tubes, tread peelings, and industrial scrap.
Its product portfolio includes 1) Natural Rubber Reclaim, which is used in footwear soles, floor mats, tyre base layers, and moulded rubber products. 2) Synthetic Rubber Reclaim, used in automotive seals, hoses, gaskets, and construction profiles, and 3) Crumb Rubber, used in road construction, sports surfaces, and roofing sheets. Its operations mostly run on a B2B model, serving small and medium enterprises and industrial customers. Moreover, its products can also be available in different grades as per the client’s requirements.
Horizon Reclaim IPO Company Financial REPORT
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹19.66 | ₹18.76 | ₹0.67 | ₹7.71 |
| 2024 | ₹20.44 | ₹19.49 | ₹0.71 | ₹8.45 |
| 2025 | ₹36.39 | ₹26.66 | ₹7.07 | ₹26.08 |
| 2026 | ₹50.01 | ₹35.72 | ₹10.50 | ₹64.88 |
Horizon Reclaim IPO Valuation – FY2026
Check Horizon Reclaim IPO valuation details including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), ROE, ROCE, EBITDA Margin, PAT Margin, and Debt-to-Equity Ratio for FY2026.
| KPI | Values |
|---|---|
| ROE | 53.63% |
| ROCE | 25.45% |
| EBITDA Margin | 32.64% |
| PAT Margin | 21.25% |
| Debt to Equity Ratio | 1.44 |
| Earning Per Share (EPS) | ₹7.37 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 42.29% |
| Net Asset Value (NAV) | ₹17.43 |
Peer Group COMPARISON
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Lead Reclaim and Rubber Products Limited | 4.73 | 19.04 | 10.27% | 27.96 | ₹39.99 Cr. |
IPO Lead Managers aka Merchant BANKERS
- GYR Capital Advisors Pvt. Ltd.