Baheti Recycling Industries Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹52(115.56%)
Premium (ELP)
Baheti Recycling Industries Limited's successfully completed its Initial Public Offering and commenced trading on Dec 08, 2022 at the NSE exchange. The company raised 27,60,000 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹45 to ₹45, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Nov 28, 2022 to Nov 30, 2022.
Share allotment was finalized on Dec 06, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company specializing in processing aluminium-based scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys as cubes, ingots, shots, and notch bars. The company is also engaged in trading various scrap materials, including aluminium, brass, copper, and zinc scrap. Its manufacturing unit, located in Dehgam, Gandhinagar, Gujarat, has an installed capacity of 12,000 MT for aluminium scrap processing. Baheti Recycling Industries serves prominent clients such as ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, and Sunflag Iron & Steel Co. Ltd., and markets its products across approximately 12 states and union territories in India, as well as internationally to buyers in Japan, Canada, the USA, China, Hong Kong, UAE, and Taiwan.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- In-House Manufacturing: Operates a technology-driven production facility for better control.
- Strict Quality Control: Ensures consistent and standardized product quality.
- Diverse & Loyal Client Base: Serves a wide range of customers with long-standing relationships.
- Strong Supplier Network: Sources raw materials from a reliable and diversified supplier base.
- Experienced Leadership Team: Promoters with industry expertise supported by a dedicated management team.
NA
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
Baheti Recycling Industries Limited
Purva Sharegistry India Private Limited