{"id":56639,"date":"2026-06-10T12:07:14","date_gmt":"2026-06-10T06:37:14","guid":{"rendered":"https:\/\/nashik24.com\/index.php\/2026\/06\/10\/horizon-reclaim-india-limited-announces-ipo-price-band-fixed-at-rs-98-rs-103-per-share\/"},"modified":"2026-06-10T12:07:14","modified_gmt":"2026-06-10T06:37:14","slug":"horizon-reclaim-india-limited-announces-ipo-price-band-fixed-at-rs-98-rs-103-per-share","status":"publish","type":"post","link":"https:\/\/nashik24.com\/index.php\/2026\/06\/10\/horizon-reclaim-india-limited-announces-ipo-price-band-fixed-at-rs-98-rs-103-per-share\/","title":{"rendered":"Horizon Reclaim (India) Limited announces IPO; price band fixed at Rs 98 \u2013 Rs 103 per share"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>New Delhi [India], June 9:<\/strong> Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including EPDM (Ethylene Propylene Diene Monomer).<\/p>\n<p class=\"wp-block-paragraph\">The Company is hitting the capital markets with a\u00a0<strong>100% fresh issue<\/strong>\u00a0IPO of\u00a0<strong>52,69,200 Equity Shares<\/strong>\u00a0on BSE SME, aiming to raise\u00a0<strong>\u20b954.27 Crore<\/strong>\u00a0at a price band of\u00a0<strong>\u20b998-\u20b9103 per share<\/strong>. The\u00a0<strong>anchor investor date is June 11, 2026<\/strong>, and the issue will be open for public subscription from\u00a0<strong>June 12 to June 16, 2026<\/strong>.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><strong>Book Running Lead Manager:<\/strong>\u00a0GYR Capital Advisors Private Limited.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Issue Structure<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total Issue Size:<\/strong>\u00a0Up to\u00a0<strong>52.69 lakh equity shares<\/strong>\u00a0(100% fresh issue)\u00a0<\/li>\n<li><strong>Market Maker Portion:<\/strong>\u00a0Up to\u00a0<strong>2.64 lakh equity shares<\/strong>\u00a0<\/li>\n<li><strong>Anchor Investor Portion:<\/strong>\u00a0Up to\u00a0<strong>15.01 lakh equity shares<\/strong>\u00a0<\/li>\n<li><strong>Net QIB Portion:<\/strong>\u00a0Up to\u00a0<strong>10.01 lakh equity shares<\/strong>\u00a0<\/li>\n<li><strong>Non-Institutional Investors:<\/strong>\u00a0Not less than\u00a0<strong>7.51 lakh equity shares<\/strong>\u00a0<\/li>\n<li><strong>Individual Investors:<\/strong>\u00a0Not less than\u00a0<strong>17.52 lakh equity shares<\/strong>\u00a0<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Utilisation of Net Proceeds<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td>Funding the working capital requirements of our Company<\/td>\n<td>Upto \u20b9 600.00 Lakhs<\/td>\n<\/tr>\n<tr>\n<td>Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company<\/td>\n<td>Upto \u20b9 2,670.00 Lakhs<\/td>\n<\/tr>\n<tr>\n<td>Funding Capital Expenditure for the installation of additional Plant &amp; Machinery<\/td>\n<td>Upto \u20b9943.00 Lakhs<\/td>\n<\/tr>\n<tr>\n<td>General corporate purposes<\/td>\n<td>[\u25cf]<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p class=\"wp-block-paragraph\"><strong>Financial Highlights<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>FY2026<\/strong><\/td>\n<td><strong>FY2025<\/strong><\/td>\n<td><strong>FY2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Revenue from Operations (\u20b9 Lakhs)<\/td>\n<td>4,942.08<\/td>\n<td>3,621.61<\/td>\n<td>2,032.71<\/td>\n<\/tr>\n<tr>\n<td>EBITDA (\u20b9 Lakhs)<\/td>\n<td>1,632.14<\/td>\n<td>1,046.29<\/td>\n<td>116.90<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin (%)<\/td>\n<td>32.64%<\/td>\n<td>28.75%<\/td>\n<td>5.72%<\/td>\n<\/tr>\n<tr>\n<td>PAT (\u20b9 Lakhs)<\/td>\n<td>1,050.06<\/td>\n<td>706.72<\/td>\n<td>71.14<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin (%)<\/td>\n<td>21.25%<\/td>\n<td>19.51%<\/td>\n<td>3.50%<\/td>\n<\/tr>\n<tr>\n<td>Net Worth (\u20b9 Lakhs)<\/td>\n<td>2,482.87<\/td>\n<td>1,432.81<\/td>\n<td>726.09<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>53.63%<\/td>\n<td>65.47%<\/td>\n<td>10.30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\"><strong>About<\/strong> Horizon Reclaim<\/h3>\n<p class=\"wp-block-paragraph\">Incorporated in 2006,\u00a0<strong>Horizon Reclaim (India) Limited<\/strong>\u00a0is an integrated rubber recycling and manufacturing company engaged in processing recycled rubber waste such as used tyres, tubes, tread peelings, and industrial rubber scrap into reclaimed rubber products. The company operates its manufacturing facility at Bhagwanpur, Haridwar, Uttarakhand (Unit I) and\u00a0<strong>has undertaken expansion through Unit II (Rajkot, Gujarat) and Unit III (Bhagwanpur, Haridwar).<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Horizon Reclaim manufactures natural rubber reclaim, synthetic rubber reclaim and crumb rubber, which are used as alternatives to natural and synthetic rubber across industrial and infrastructure applications. The company is\u00a0ISO 9001:2015, ISO 14001:2015, and <strong>ISO 45001:2018 certified and RoHS compliant<\/strong>, focused on quality, environmental management, and occupational health and safety.<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Expansion through Pyrolysis (Waste-to-Energy):<\/strong><br \/>\u00a0The company has undertaken expansion through\u00a0<strong>Unit II at Rajkot, Gujarat<\/strong>, proposed to be engaged in\u00a0<strong>tyre pyrolysis<\/strong>\u00a0for the production of pyrolysis oil, carbon char, and recovered steel<\/li>\n<li><strong>CPCB Registration &amp; EPR Framework:<\/strong>\u00a0Registered with the Central Pollution Control Board (CPCB) as a Waste Tyre Recycler, enabling participation in India\u2019s regulated recycling and extended producer responsibility (EPR) framework.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], June 9: Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including EPDM (Ethylene Propylene Diene Monomer). The Company is hitting the capital markets with a\u00a0100% fresh issue\u00a0IPO of\u00a052,69,200 Equity Shares\u00a0on BSE SME, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[645],"class_list":["post-56639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/posts\/56639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/comments?post=56639"}],"version-history":[{"count":0,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/posts\/56639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/media\/56640"}],"wp:attachment":[{"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/media?parent=56639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/categories?post=56639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nashik24.com\/index.php\/wp-json\/wp\/v2\/tags?post=56639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}