Horizon Reclaim (India) Ltd.
SMEIssue details
Price band
₹98 - ₹103
Lot size
1,200 shares
Issue size
₹54 Cr
Min. investment
₹1,23,600
Registrar
KFin Technologies
Grey market premium
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IPO Timeline
Open
12 Jun
Close
16 Jun
Allotment
17 Jun
Listing
19 Jun
- Refunds & demat credit
- 18 Jun 2026
- Mandate end
- 1 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,23,600 | 1,200shares 1 lot · ₹1,23,600 |
| HNI | 2,400shares 2 lots · ₹2,47,200 | No limit funds permitting |
Based on the upper price band of ₹103 and a lot of 1,200 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹52 Cr
50,05,200 shares
Shares pre-issue
1,42,46,200
Shares post-issue
1,95,15,400
Reservation
- QIB
- 25,02,000
- NII
- 7,51,200
- Retail
- 17,52,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 7.37 | 5.38 |
| P/E | 13.97 | 19.14 |
| Market cap | ₹146.74 Cr. | ₹287.46 Cr |
| 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% |
| NAV | 17.43 |
| Price to Book Value | 5.91 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 50.01 | 36.39 | 20.44 |
| Profit after tax | 10.5 | 7.07 | 0.71 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| Net worth | 24.83 | 14.33 | 7.26 |
| Assets | 64.88 | 26.08 | 8.45 |
| Reserves & surplus | 10.58 | 0.08 | 6.51 |
| Total borrowing | 35.76 | 10.03 | — |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the working capital requirements of our Company₹6 Cr
- 2.Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company₹26.7 Cr
- 3.Funding Capital Expenditure for the installation of additional Plant & Machinery₹9.43 Cr
- 4.General Corporate Purposes₹7.8 Cr
- 5.Issue expenses₹4.34 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Defrail Technologies Ltd.SME | ₹74 | 11.18 | ₹90.25 | +21.96% |
| Ameenji Rubber Ltd.SME | ₹100 | 10.31 | ₹106.05 | +6.05% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.