Horizon Reclaim (India) Limited
IPO Details
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Company Fin.
₹60(58.25%)
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Horizon Reclaim (India) Limited's achieved publicly listed status following its IPO debut on Jun 19, 2026 at the BSE platform. The offering successfully mobilized 52,69,200 Shares, with 52,69,200 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹98 to ₹103, starting from minimum lots of 1200 shares. The subscription window from Jun 12, 2026 through Jun 16, 2026 enabled investor participation across market segments.
Share allocation was completed on Jun 17, 2026, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
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 2006, Horizon Reclaim (India) Ltd. is engaged in the manufacturing of reclaimed rubber, which is produced by recycling used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap. The company offers a diversified product portfolio including natural rubber reclaim used in footwear soles, floor mats, tyre base layers, and moulded rubber products; synthetic rubber reclaim such as EPDM and butyl rubber used in automotive seals, hoses, gaskets, and construction profiles; and crumb rubber used in road construction, sports surfaces, and roofing sheets, available in various grades based on customer requirements. The company primarily operates on a B2B model, supplying to small and medium enterprises and industrial customers, mainly in the northwestern region of India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Recycling-Based Business: Operates in reclaimed rubber manufacturing, supporting cost efficiency and sustainability.
- Diverse Industry Usage: Products are used in sectors like automotive, footwear, and industrial applications.
- Cost Advantage Model: Use of recycled raw materials helps in maintaining better margins.
- Raw Material Availability Risk: Depends on supply of scrap tyres and rubber waste.
- Working Capital Intensive: Requires continuous investment in procurement and processing.
- Cyclical Demand: Demand is linked to performance of end-user industries like automotive.
- Mohit Bajaj
- Malika Bajaj
Horizon Reclaim (India) Limited
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