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HORIZON · BSE · recycled rubber manufacturing
Horizon Reclaim (India) IPO listed on 19 Jun 2026 on BSE at ₹151.00, a gain of 46.60% over the issue price of ₹103.00. The IPO was subscribed 304.06x overall.
Horizon Reclaim (India) IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 12 Jun 2026 |
| IPO Close Date | 16 Jun 2026 |
| Basis of Allotment | 17 Jun 2026 |
| Initiation of Refunds | 18 Jun 2026 |
| Credit of Shares to Demat | 18 Jun 2026 |
| Listing Date | 19 Jun 2026 |
Listing day gain
+46.6%
Listed at ₹151 (issue ₹103)
Issue
₹103
Listing
₹151
Current
₹147.3
+43.01% vs issue
Day range
₹143.45 – ₹158
Issue Size
5,269,200 shares
(aggregating up to ₹54.00 Cr)
Issue Price
₹98 – ₹103
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹247,200
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
5,005,200 shares
(aggregating up to ₹52 Cr)
Offer for Sale
[.]
Reserved for Market Maker
264,000 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
12 Jun
Close Date
16 Jun
Allotment
17 Jun
Listing
19 Jun
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 19 Jun 2026 Latest | ₹103 | ₹75 | ₹178 | ₹75 |
72.82%
|
9:38 AM |
| 18 Jun 2026 | ₹103 | ₹75 | ₹178 | ₹75 |
72.82%
|
9:57 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 16 Jun 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 186.72x | - |
| NII | 450.73x | - |
| bNII (bids above ₹10L) | 354.3x | - |
| sNII (bids below ₹10L) | 1,002.41x | - |
| Individual Investors | 308.2x | - |
| Total | 304.06x | - |
Showing the latest subscription snapshot.
View full subscription historyMohit Bajaj and Malika Bajaj are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹247,200 |
| Retail (Max) | 2 | 2,400 | ₹247,200 |
| S-HNI (Min) | 3 | 3,600 | ₹370,800 |
| S-HNI (Max) | 8 | 9,600 | ₹988,800 |
| B-HNI (Min) | 9 | 10,800 | ₹1,112,400 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,502,000 (47.48%) |
|
•
Anchor Investor Shares Offered
|
1,501,200 (28.49%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,000,800 (18.99%) |
| NII (HNI) Shares Offered | 751,200 (14.26%) |
|
•
bNII > ₹10L
|
500,400 (9.50%) |
|
•
sNII < ₹10L
|
250,800 (4.76%) |
| Individual Investors Shares Offered | 1,752,000 (33.25%) |
| Market Maker Shares Offered | 264,000 (5.01%) |
| Total Shares Offered | 5,269,200 (100.00%) |
Incorporated in 2006 by Mohit Bajaj and Malika Bajaj, Horizon Reclaim (India) Limited has spent two decades pioneering sustainable solutions within India's waste recycling and green manufacturing sectors. Headquartered in Saharanpur, Uttar Pradesh, the company operates as a critical contributor to the global circular economy, transforming discarded scrap rubber, used tires, and industrial waste into premium raw materials.
The operational heartbeat of Horizon Reclaim lies in its technologically advanced manufacturing infrastructure, which processes waste using complex de-vulcanization mechanisms. The platform produces a comprehensive portfolio of eco-conscious materials under a single roof, including Natural Rubber Reclaim, Crumb Rubber, and highly specialized Synthetic Reclaims like Butyl and EPDM rubber. These recycled compounds serve as high-quality, cost-effective alternatives to virgin rubber, heavily catering to major industrial players in the automotive component, footwear, conveyor belt, and road infrastructure sectors across northwestern India.
Financially, the company has generated significant momentum, seeing its total income rise to ₹50 crore alongside a healthy Net Profit of ₹10.5 crore in Fiscal 2026. Backed by solid internal metrics, including a 32.6% EBITDA margin, Horizon Reclaim (India) Limited is entering the public market with its ₹54.27 crore BSE SME initial public offering (IPO). The fresh public capital is strategically earmarked to scale its plant machinery, optimize working capital, and reduce outstanding debts, solidifying the enterprise's journey as a leading catalyst for zero-waste industrial growth.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 20.44 | 36.39 | 50.01 |
| Profit After Tax (PAT) | 0.71 | 7.07 | 10.5 |
| EBITDA | 1.17 | 10.46 | 16.32 |
| Total Assets | 8.45 | 26.08 | 64.88 |
| Net Worth | 7.26 | 14.33 | 24.83 |
| Reserves & Surplus | 6.51 | 0.08 | 10.58 |
| Total Borrowing | - | 10.03 | 35.76 |
Revenue & Profit Trend
The basis of allotment for Horizon Reclaim (India) IPO was finalised on 17 Jun 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Horizon Reclaim (India) IPO is expected to open in Jun 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Horizon Reclaim (India) IPO is ₹98.00 - ₹103.00 per share.
As per market sources, Horizon Reclaim (India) IPO GMP is currently ₹75.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Horizon Reclaim (India) IPO stands at 304.06x overall.
The listing date for Horizon Reclaim (India) IPO is 19 Jun 2026.
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