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Sanjay Bambhaniya · Jun 9, 2026

Horizon Reclaim (India) SME IPO Details 2026

SME Book Build Listed
Industrial Products (Rubber)
BSE SME
Price Band
₹98 - ₹103
Issue Size
₹54.27 Cr
Lot Size
1,200
Min. Investment
₹1,23,600
Live GMP ₹54
52.43% Est. Listing: ₹157
SIP CalcCompare
IPO Timeline
DRHP FILED March 6, 2026
OPEN June 12, 2026
CLOSE June 16, 2026
ALLOTMENT June 17, 2026
LISTING June 19, 2026
IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Horizon Reclaim (India)

Company overview & key insights

The Horizon Reclaim (India) IPO size is ₹54.27 crore, including a fresh issue of ₹54.27 crore and an offer for sale of ₹- crore. It is a book building issue. The IPO issue opens on June 12, 2026 and closes on June 16, 2026. The share allotment is expected on June 17, 2026, and the listing date is June 19, 2026. Horizon Reclaim (India) Ltd. is based in Saharanpur, Uttar Pradesh and operates in the Industrial Products (Rubber) sector. It filed its DRHP on 6th March 2026 and will list its shares on BSE SME. Kfin Technologies Ltd. is the registrar, while GYR Capital Advisors Pvt.Ltd. serves as the merchant banker for the offer.

horizon-reclaim-sme-ipo

IPO Highlights

Key details & important dates

IPO Details

Total Issues ₹54.27 Cr
Fresh Issue ₹54.27 Cr
Offer for Sale 0 Cr
IPO Price Band ₹98 - ₹103
Face Value ₹10 per share
Lot Size 1,200
Listed On BSE SME

IPO Dates

DRHP Filed March 6, 2026
Issue Open June 12, 2026
Issue Close June 16, 2026
Allotment Date June 17, 2026
Refunds Initiation June 18, 2026
Credit of Shares June 18, 2026
Listing Date June 19, 2026

Stay up-to-date with all IPO details. Do not miss any deadlines & avoid missed investment opportunities.

How to Apply

IPO Issue Structure

Reservation & Lot Size Details

The company has reserved shares for various investor categories. The Retail Shares reservation is 35.00% (17,52,000 shares), and QIB has 47.48% (25,02,000 shares). Further, the minimum lot size is 2,400 shares for retail investors because they need to apply for a minimum of 2 lots. The anchor investor reservation is 28.49% (15,01,200 shares), and the market maker reservation is 5.01% (2,64,000 shares).

IPO Reservation

QIB 25,02,000 (47.48%)
Anchor Investor 15,01,200 (28.49%)
QIB (Ex. Anchor) 10,00,800 (18.99%)
NII (HNI) 7,51,200 (14.26%)
bNII > ₹10L 5,00,400 (9.50%)
sNII < ₹10L 2,50,800 (4.76%)
Retail 17,52,000 (33.25%)
Employee 17,52,000 (33.25%)
Shareholder 52,69,200 (100.00%)

IPO Lot Size

Retail (Min)
2 | 2,400 Shares
₹2,47,200
Small Investor Quota
Retail (Max)
2 | 2,400 Shares
₹2,47,200
Retail Investment Limit
S-HNI (Min)
3 | 3,600 Shares
₹3,70,800
Small HNI (₹2L – ₹10L)
S-HNI (Max)
8 | 9,600 Shares
₹9,88,800
Small HNI (Up to ₹10 L)
B-HNI (Min)
9 | 10,800 Shares
₹11,12,400
Big HNI (Above ₹10L)
Zerodha Apply Now Upstox Apply Now Angel One Apply Now

Tip: Determine your investment budget and your exact allotment chances based on your investor category.

Investment Guide

IPO Documents & GMP

Prospectus & Grey Market Premium

On 31st Dec 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

DRHP Document Draft Red Herring Prospectus
RHP Document Red Herring Prospectus

IPO GMP

Live

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares.

Track live GMP Today

Financial Performance (₹ in Cr)

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Total Income50.0136.3920.44
Profit After Tax10.57.070.71
EBITDA16.3210.461.17
Net Worth24.8314.337.26
Assets64.8826.088.45
Total Debt35.7610.03–

Key Performance Indicator

ParticularsFY26FY25FY24
EBITDA Margin (%)33.02295.71
PAT Margin (%)21.25203.49
EPS (₹)7.3750.5
ROE (%)42.29499.79
ROCE (%)25.454113.11
ROA (%)16.18278.41
Debt to Equity (x)1.441–

IPO Financial Snapshot

Objectives & Key Metrics

IPO Objectives

Funding working capital requirements of the Company ₹6.00 Cr.
Pre-payment or Repayment of borrowings ₹26.70 Cr.
Funding Capital Expenditure for additional Plant & Machinery ₹9.43 Cr.
Total Fund Requirement ₹42.13 Cr.

IPO Key Metrics

Pre IPO EPS
7.37
Earnings Per Share
Post IPO EPS
5.38
Earnings Per Share
Pre IPO P/E
13.97
Price to Earnings
Post IPO P/E
19.14
Price to Earnings
Market Capitalization ₹201.01 Cr.
Insight: IPO objectives and KPIs provide measurable data to track the company’s real growth.
IPO KPIs

Listing Day Trading
BSE SME

Final Issue Price ₹103
Open ₹151
Low ₹143.45
High ₹158
Last Trade
₹147.30
▲ +43.01%
Check IPO Performance

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Horizon Reclaim (India) Ltd. Company Details

Company Profile · Overview

Horizon Reclaim (India) Ltd. started its business in 2006. The company operates in the Industrial Products (Rubber) sector. It manufactures reclaimed rubber for the SMEs and industrial market. The team provides recycled rubber compounds to clients. Its main office is in Saharanpur. It serves multiple customers every year. T

Main Offerings

Natural Rubber Reclaim made from tyre casings and tubes for footwear soles and mats.
Synthetic Rubber Reclaim including EPDM and Butyl rubber for automotive seals and hoses.
Crumb Rubber from recycled tyres for road construction and sports surfaces.

Key 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 Address: Khasra no. 9, Dehradun Road, Near Nirankari Bhawan, Village – Kumar Hera, Saharanpur, Uttar Pradesh, 247001. +91 8171000900 | cs@horizonreclaim.com
Intermediaries
Registrar
Kfin Technologies Ltd.
04067162222
horizonrec.ipo@kfintech.com
Lead Manager
GYR Capital Advisors Pvt.Ltd.
Market Maker
Giriraj Stock Broking Pvt.Ltd.
Promoters
Promoter Group
Mohit Bajaj Malika Bajaj

Frequently Asked Questions

6 FAQs
What is Horizon Reclaim (India) IPO?

₹54.27 crore Horizon Reclaim (India) IPO offers 52,69,200 equity shares priced between ₹98 and ₹103, opening on June 12, 2026, and closing on June 16, 2026. 

What is the price band for the Horizon Reclaim (India) IPO shares?

The company set the price between ₹98 and ₹103 per share.

How many Horizon Reclaim (India) IPO shares must a retail investor buy?

The minimum retail lot size is 2 that requires you to purchase 2,400 shares of minimum ₹2,47,200.

Who handles the Horizon Reclaim (India) IPO share registry?

Kfin Technologies Ltd. is the official registrar managing the application data.

Where will Horizon Reclaim (India) IPO shares list after the process?

The management plans to list the shares on the BSE SME platform.

When will the Horizon Reclaim (India) IPO refund process start for unallotted buyers?

When will the Horizon Reclaim (India) IPO refund process start for unallotted buyers?

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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