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Horizon Reclaim (India) IPO Details

Bookbuilding IPO | ₹54 Cr | Listing at BSE SME | Fri, Jun 12, 2026 - Tue, Jun 16, 2026

IPO Details

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Horizon Reclaim (India) IPO is a book build issue of ₹54.27 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹54.27 crore.

Horizon Reclaim (India) IPO opens for subscription on Jun 12, 2026 and closes on Jun 16, 2026. The allotment for the Horizon Reclaim (India) IPO is expected to be finalized on Jun 17, 2026. Horizon Reclaim (India) IPO will list on the BSE SME with a tentative listing date fixed as Jun 19, 2026.

Horizon Reclaim (India) IPO is set issue price band at ₹98 to ₹103 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,47,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,70,800.

GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.

Refer to Horizon Reclaim (India) IPO RHP for detailed Information.

IPO Open

Fri, Jun 12, 2026

IPO Close

Tue, Jun 16, 2026

Price Band

₹98 to ₹103

Market Cap (Pre-IPO)

₹201.01 Cr

IPO Details

IPO Date

12 to 16 Jun, 2026
Listing Date

Fri, Jun 19, 2026T
Face Value

₹10 per share
Price Band

₹98 to ₹103
Lot Size

1,200 Shares
Sale Type

Fresh capital only
Issue Type

Bookbuilding IPO
Listing At

BSE SME
Employee Discount

₹10.00

Total Issue Size

52,69,200 shares (agg. up to ₹54 Cr)
Reserved for Market Maker

2,64,000 shares (agg. up to ₹3 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)

50,05,200 shares (agg. up to ₹52 Cr)
Net Offered to Public

50,05,200 shares (agg. up to ₹52 Cr)
Share Holding Pre Issue

1,42,46,200 shares
Share Holding Post Issue

1,95,15,400 shares

IPO Timetable (Tentative)

IPO Open

Fri, Jun 12, 2026
Allotment

Wed, Jun 17, 2026
Credit of Shares

Thu, Jun 18, 2026

IPO Close

Tue, Jun 16, 2026
Refund

Thu, Jun 18, 2026
Listing

Fri, Jun 19, 2026

Issue Reservation

Horizon Reclaim (India) IPO comprises a total issue size of 52,69,200 shares. The net offer to the public is 50,05,200 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 25,02,000 (49.99%) are allocated to QIB, 7,51,200 (15.01%) allocated to NII 17,52,000 (35.00%) allocated to RII.

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	25,02,000	49.99%	47.48%
− Anchor Investor Shares Offered	15,01,200		28.49%
− QIB (Ex. Anchor) Shares Offered	10,00,800		18.99%
NII (HNI) Shares Offered	7,51,200	15.01%	14.26%
− bNII > ₹10L	5,00,400		9.50%
− sNII < ₹10L	2,50,800		4.76%
Retail Shares Offered	17,52,000	35.00%	33.25%
Firm Reservations
Market Maker Shares Offered	2,64,000		5.01%
Total Shares Offered	52,69,200	100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	2,400	₹2,47,200
Individual investors (IND) (Max)	2	2,400	₹2,47,200
S-HNI (Min)	3	3,600	₹3,70,800
S-HNI (Max)	8	9,600	₹9,88,800
B-HNI (Min)	9	10,800	₹11,12,400

IPO Subscription Details

About Horizon Reclaim (India) Ltd.

Incorporated in 2006, Horizon Reclaim (India) Ltd. is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap.

Product Portfolio:

Natural Rubber Reclaim, made from tyre casings and tubes and used in footwear soles, floor mats, tyre base layers, and moulded rubber products.
Synthetic Rubber Reclaim, including EPDM and Butyl rubber used in automotive seals, hoses, gaskets, and construction profiles
Crumb Rubber, produced from recycled tyres and used in road construction, sports surfaces, and roofing sheets. Products are available in different grades based on customer requirements.

The company sales are primarily business-to-business, targeting small and medium enterprises and industrial customers mainly in the northwestern region of India.

Competitive Strengths:

In-house manufacturing facility supported by technology driven process
Diversified Customer Base and Long-Standing Customer Relationships
Experienced Promoter Directors with Strong Industry Expertise
Stringent Quality Control Ensuring Standardized Product Quality

Company Financials (Restated Consolidated)

Horizon Reclaim (India) Ltd.’s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	64.88	26.08	8.45
Total Income	50.01	36.39	20.44
Profit After Tax	10.50	7.07	0.71
EBITDA	16.32	10.46	1.17
NET Worth	24.83	14.33	7.26
Reserves and Surplus	10.58	0.08	6.51
Total Borrowing	35.76	10.03
Amount in ₹ Crore

Recently Listed IPOs in Industrial Products

Company	Issue Type	Issue Size	Issue Price	Listing Day Close	Listing Gain/Loss %	LTP
Defrail Technologies Ltd.	SME	₹13.77 Cr	₹74	₹90.25	+21.96%	₹73.00 (-2.01%)
Ameenji Rubber Ltd.	SME	₹30.00 Cr	₹100	₹106.05	+6.05%	₹143.50 (-1.71%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding the working capital requirements of our Company

6.00
2 Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company

26.70
3 Funding Capital Expenditure for the installation of additional Plant & Machinery

9.43
4 General Corporate Purposes
Total

42.13

Key Performance Indicator (KPI)

KPI	Mar 31, 2026
ROE	53.63%
ROCE	25.45%
Debt/Equity	1.44
RoNW	42.29%
PAT Margin	21.25%
EBITDA Margin	32.64%
Price to Book Value	5.91

	Pre IPO	Post IPO
EPS (₹)	7.37	5.38
P/E (x)	13.97	19.14
Promoter Holding	95.84%
Market Cap	₹201.01 Cr.

Mohit Bajaj and Malika Bajaj

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000
horizonrec.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

GYR Capital Advisors Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Genxai Analytics Ltd. Address

3rd Floor, Tower-7, Plot No.7, Teachers Colony,

Baba Market,

DCM, Ajmer Road,

Jaipur, Rajasthan, 302021

+91 9216043668
Secretarial@genxai.com
Visit Website

IPO FAQs

What is the Horizon Reclaim (India) IPO?

Horizon Reclaim (India) IPO is a SME IPO of 52,69,200 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹98 to ₹103. The minimum order quantity is 1200.

The IPO opens on Fri, Jun 12, 2026, and closes on Tue, Jun 16, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Horizon Reclaim (India) IPO through Angel One?

Angel One customers can apply online in Horizon Reclaim (India) IPO using UPI as a payment gateway. Angel One customers can apply in Horizon Reclaim (India) IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Horizon Reclaim (India) IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Horizon Reclaim (India) IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Horizon Reclaim (India) IPO will open?

The Horizon Reclaim (India) IPO opens on Fri, Jun 12, 2026 and closes on Tue, Jun 16, 2026.

What is the lot size of Horizon Reclaim (India) IPO?

Horizon Reclaim (India) IPO lot size is 1200, and the minimum amount required for application is ₹2,47,200, with 2 lots being the minimum application size.

How to apply for Horizon Reclaim (India) IPO?

You can apply in Horizon Reclaim (India) IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Horizon Reclaim (India) IPO allotment?

The finalization of Basis of Allotment for Horizon Reclaim (India) IPO will be done on Wednesday, June 17, 2026, and the allotted shares will be credited to your demat account by Thu, Jun 18, 2026. Check the Horizon Reclaim (India) IPO allotment status.

When is Horizon Reclaim (India) IPO listing date ?

The Horizon Reclaim (India) IPO listing date is not yet announced. The tentative date of listing is Fri, Jun 19, 2026.