Horizon Reclaim (India) IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
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…
Open Date
Fri, 12 Jun 2026
Close Date
Tue, 16 Jun 2026
Price Band
₹ 98 – 103
Lot Size
1200
Issue Size
₹ 54.00 Cr
Minimum Investment
₹ 247,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Horizon Reclaim (India) IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹54 Crore, comprising a fresh issue of 50.05 Lakh equity shares aggregating to ₹52.00 Crore.
The Horizon Reclaim (India) IPO remained open for subscription from June 12, 2026, to June 16, 2026. The basis of allotment was finalized on June 17, 2026, and the company's shares were listed on BSE SME Platform on June 19, 2026.
The company had fixed the price band at ₹98 to ₹103 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹247,200 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Horizon Reclaim (India) Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Horizon Reclaim (India) IPO Timeline (Tentative)
- IPO Open Date
- Fri, 12 Jun 26
- IPO Close Date
- Tue, 16 Jun 26
- Basis of Allotment
- Wed, 17 Jun 26
- Initiation of Refunds
- Thu, 18 Jun 26
- Credit of Shares to Demat
- Thu, 18 Jun 26
- Listing Date
- Fri, 19 Jun 26 — NSE & BSE
Open Date
12 June 2026
Close Date
16 June 2026
Basis Of Allotment
17 June 2026
Listing Date
19 June 2026
IPO Subscription
Check Live Subscription →The Horizon Reclaim (India) IPO has received bids for 1,06,58,71,200 shares against 35,04,000 shares offered, resulting in an overall subscription of 304.19x. the NII category is subscribed 451.09x, Retail Investors 308.3x, and QIBs 186.72x. Within the NII category, BNII is subscribed 502.94x, while SNII is subscribed 347.66x.
QIB
186.72x
NII
451.09x
BNII
502.94x
SNII
347.66x
RII
308.3x
Total
304.19x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,52,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,00,800 shares (28.56%), while Non-Institutional Investors (NIIs) receive 7,51,200 shares (21.44%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 1,000,800 | 28.56% |
| Non-Institutional | 751,200 | 21.44% |
| BNII | 500,400 | 14.28% |
| SNII | 250,800 | 7.16% |
| Retail Investors | 1,752,000 | 50% |
| Total | 3,504,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Horizon Reclaim (India) Limited KPI Information
| 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 |
| Pat Margin % | 21.25 | 19.51 | 3.5 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Horizon Reclaim (India) Ltd | 10 | 0 | 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 |
About Horizon Reclaim (India) Limited
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.
Horizon Reclaim (India) IPO Promoters
- Mohit Bajaj
- Malika Bajaj
Promoters Holding
Holding Pre Issue
95.84%
Holding Post Issue
0.00%
Horizon Reclaim (India) IPO Objective
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
Horizon Reclaim (India) Limited Address / Contact Details
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
Horizon Reclaim (India) IPO Lot Size
The Horizon Reclaim (India) IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,47,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,47,200.
| 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 |
Issue Reservation
- QIB — 28.56%
- NII — 21.44%
- RII — 50%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Horizon Reclaim (India) IPO?
Horizon Reclaim (India) IPO is a Book-building IPO with a total issue size of ₹54 crore. The Horizon Reclaim (India) IPO price band is ₹98 to 103 per share. The Horizon Reclaim (India) IPO subscription opens on Fri, Jun 12, 2026, and closes on Tue, Jun 16, 2026. The Horizon Reclaim (India) IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Horizon Reclaim (India) IPO.
When will the Horizon Reclaim (India) IPO open for subscription?
The Horizon Reclaim (India) IPO opens on Fri, Jun 12, 2026 and closes on Tue, Jun 16, 2026
What is Horizon Reclaim (India) IPO Price Band?
Horizon Reclaim (India) IPO Price Band is ₹98 to 103 per share.
What is Horizon Reclaim (India) IPO Lot Size?
Horizon Reclaim (India) IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹247200 based on the upper price band
What is the minimum investment for Horizon Reclaim (India) IPO?
The minimum investment for Horizon Reclaim (India) IPO is ₹247200, based on one lot of 1200 shares at the upper price band of ₹103 per share.
How to apply for Horizon Reclaim (India) IPO?
Investors can apply for the Horizon Reclaim (India) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jun 16, 2026. The application amount remains blocked until the Horizon Reclaim (India) IPO allotment is finalized.
What is Horizon Reclaim (India) IPO Issue Size?
Horizon Reclaim (India) IPO issue size is ₹54 crores.
What is the Horizon Reclaim (India) IPO Allotment Date?
Horizon Reclaim (India) IPO allotment date is Wed, Jun 17, 2026.
Who is the Horizon Reclaim (India) IPO Registrar?
The registrar for Horizon Reclaim (India) IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Horizon Reclaim (India) IPO allotment status, refund processing, and other IPO-related information.
What is the Horizon Reclaim (India) IPO GMP?
The Horizon Reclaim (India) IPO GMP (Grey Market Premium) is ₹15 as of Mon, Jun 8, 2026. Based on the upper price band of ₹103 per share, the estimated Horizon Reclaim (India) IPO listing price is ₹118, indicating a potential listing gain of approximately 14.56% over the issue price.
Who is the Horizon Reclaim (India) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Horizon Reclaim (India) IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Horizon Reclaim (India) IPO Red Herring Prospectus (RHP).