Horizon Reclaim (India) IPO GMP today is Rs 48. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
HORIZON
Horizon Reclaim (India)
Horizon Reclaim (India) IPO GMP, price band, subscription status, listing date, financials aur complete IPO details yahan track karein.
IPO Details
Complete IPO information
| Current GMP | ₹48 |
|---|---|
| Estimated Listing Gain | +46.60% |
| Price Band | ₹98.00 - ₹103.00 |
| Issue Price | ₹103.00 |
| Listing Price | ₹151.00 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Issue Size | TBA |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 8.39x |
| Listing Date | 19 Jun 2026 |
| Minimum Investment | ₹2,47,200 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
12 Jun 2026
02
Bidding Closes
16 Jun 2026
03
Allotment
TBA
04
Listing
19 Jun 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 15 Jun 2026 | ₹57.00 | +₹7.00 | 55.34% |
| 12 Jun 2026 | ₹50.00 | - | 48.54% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,47,200 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,47,200 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,70,800 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,88,800 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹11,12,400 |
Analysis
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 |
Analysis
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% |
Analysis
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 |
Analysis
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 |
Analysis
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 | -% |
Analysis
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 | ₹- |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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. |
Analysis
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt. Ltd.
FAQ
Horizon Reclaim (India) IPO FAQs
Horizon Reclaim (India) IPO price band is Rs 98.00 to Rs 103.00. Check the latest issue price, lot size and GMP together before applying.
Horizon Reclaim (India) IPO open date is 12 Jun 2026, close date is 16 Jun 2026, and listing date is 19 Jun 2026.
Horizon Reclaim (India) IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,47,200.
Horizon Reclaim (India) is classified as a SME. This helps investors quickly understand the issue category and exchange segment.
Horizon Reclaim (India) IPO subscription status currently shows Retail 11.37x, QIB 0x, Overall 8.39x.
Horizon Reclaim (India) is currently being tracked on GMP IPO Watch for GMP, subscription, price band and listing updates.
Horizon Reclaim (India) IPO issue size is TBA and the expected allotment date is TBA.