Horizon Reclaim (India) Ltd (BSE SME)
1. Horizon Reclaim (India) Ltd (BSE SME) IPO Details
Horizon Reclaim (India) Ltd IPO Details
The bidding for the IPO starts this Friday, Jun 12, 2026, and ends on Jun 16, 2026. The allotment is expected to be finalized on Jun 17, 2026. The company will list on the BSE SME platform, with a tentative listing date fixed as Jun 19, 2026.
The price band is set at ₹98–₹103 per share. The lot size for an application is 1,200 shares, but the minimum application for retail investors is 2 lots (2,400 shares). The minimum amount of investment required by a retail investor is ₹2,47,200.
Grey Market Premium
Estimated listing gains (Live)
IPO Lot Size
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1501200 | 28.49% |
| QIB | 1000800 | 18.99% |
| HNI | 751200 | 14.26% |
| INDIVIDUAL | 1752000 | 33.25% |
| Market Maker | 264000 | 5.01% |
| Total | 5269200 | 100% |
Horizon Reclaim (India) Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹151.00 | +₹48.00 | +46.60% |
Horizon Reclaim (India) Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 10800 | 1112400 | 139 |
2. About Horizon Reclaim (India) Ltd (BSE SME)
About Horizon Reclaim (India) Ltd
Incorporated in 2006, Horizon Reclaim (India) Limited is an established player in the green tech and circular economy space, focusing on manufacturing reclaimed rubber. The company recycles end-of-life tyres, rubber tubes, tread peelings, and industrial scrap into reusable industrial components.
Business Verticals
Natural Rubber Reclaim: Processing scrap materials into reusable natural rubber compounds for basic industrial manufacturing.
Synthetic Rubber Reclaim: Formulating specialized EPDM and Butyl reclaim rubber for heavy-duty commercial applications.
Crumb Rubber Production: Producing clean granules used in sports surfaces, road construction asphalt blending, and safety floor mats.
Pyrolysis Value Recovery: Developing advanced pyrolysis oil infrastructure to recover alternative fuels and carbon products from industrial scrap.
Track Record
Operational Longevity: Boasts over 19 years of technical experience in material recycling and industrial rubber processing.
Asset & Capital Base: The company's net worth grew steadily from ₹6.55 Cr in FY23 to ₹14.33 Cr by March 31, 2025.
Production Capabilities: Operates an integrated, modern reclamation facility in the industrial zone of Haridwar, Uttarakhand, with direct national highway transport connectivity.
Horizon Reclaim (India) Ltd IPO GMP
As of June 8, 2026, the Grey Market Premium (GMP) is trading around ₹15.
Note: Reflecting a premium of ~14.56%, the grey market points to a positive initial market reception, signaling an estimated initial listing price around ₹118 against the upper price band of ₹103.
Horizon Reclaim (India) Ltd IPO Allotment Status
The allotment is scheduled to be finalized on June 17, 2026.
Check Horizon Reclaim Allotment Status
To check your status online, visit the official assigned registrar portal:
You can verify your status via:
Registrar's website (KFin Technologies Limited)
BSE official portal
Using your PAN number or Application ID
Strengths
Promoter Domain Expertise: Managed by an experienced leadership team with nearly two decades of proven background in rubber recycling ecosystems.
Comprehensive Product Portfolio: Serves a broad industrial base, delivering components required by automotive, footwear, and road-construction infrastructure sectors.
Quality Compliance Standards: Operations are fully backed by rigorous in-house testing methods and an active ISO 9001:2015 process framework.
Weaknesses
Client Concentration: A significant chunk of operational revenues is driven by a small, concentrated circle of enterprise buyers.
Supplier Constraints: Relies heavily on select supplier channels for high-grade scrap tires and rubber compounds, making input costs vulnerable to supply-chain friction.
Capacity Utilization Pressures: Sustaining long-term corporate profit margins is dependent on quickly scaling up and optimizing upcoming plant additions.
How the Company Will Use IPO Money
The fresh issue proceeds (₹54.27 Cr) will be utilized for:
Debt Prepayment: Repayment or prepayment of certain high-cost outstanding institutional borrowings (₹26.70 Cr).
Plant Expansion: Funding capital expenditure required to install new advanced plant machinery assets (₹9.43 Cr).
Working Capital: Meeting incremental working capital requirements for daily material sourcing (₹6.00 Cr).
General Corporate Purposes: Allocation toward brand promotion, infrastructure management, and public issue administration.
Lead Manager & Registrar
Lead Manager: GYR Capital Advisors Private Limited
Registrar: KFin Technologies Limited
Phone: +91 40 6716 2222
Email: horizonrec.ipo@kfintech.com
Frequently Asked Questions (Horizon Reclaim (India) Ltd)
DIPAK DANGODARA
I am the founder of India IPO Updates, a platform dedicated to tracking the Indian IPO market since 2024. With a background in digital research and data analysis, I built this platform to simplify IPO tracking covering issue details, live Grey Market Premium (GMP), subscription status, and allotment updates sourced from public exchange data and verified market sources.
I am not an SEBI-registered investment advisor. All GMP and market data shared here is for informational purposes only and should not be considered investment advice. Investors are advised to consult a registered financial advisor before making investment decisions.