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15 Days Price Change

Horizon Reclaim (Ind IPO

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WEBSITE Inc. Year: 2006 Industry: Rubber Products

Profile
Issue Size 38.81 Cr
Profile
Price Range 98  to  103 per share
Profile
Min Investment ₹103
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We offer reclaimed rubber in three main categories: (i) Natural Rubber Reclaim, produced from rubber tyre casings and tube commonly used in footwear soles, floor mats, tyre base layers, and moulded rubber products, (ii) Synthetic Rubber Reclaim, which includes EPDM and Butyl Reclaim Rubber suitable for applications requiring resistance to oil, heat, and weather, such as automotive seals, hoses, gaskets, and construction profiles and (iii) Crumb rubber made from recycle tyres and used in road construction, sport surfaces and construction materials like roofing sheets. Products are supplied in different grades depending on customer requirements. To manufacture reclaimed rubber, we rely on a steady supply of used rubber materials, sourced both domestically and through imports. Domestic sourcing is carried out through tyre dismantlers, waste collectors, and scrap dealers across various states in India. The principal raw materials include whole tyres (radial and tubeless), scrap tubes, scrap butyl tubes, scrap natural tubes, and other rubber scrap. By Sourcing from multiple locations, we ensures regular availability of raw materials and supports uninterrupted production. Read More

Basic Info

Face Value 10 per share

Price 98  to  103 per share

P/E (x) 13.9

Sales( Cr.) 49

PAT( Cr.) 11

EPS 7.4

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Mohit Bajaj Malika Bajaj

Pre Issue Share Holding 95.84%

Post Issue Share Holding --%

Listing Details:

Listing Price: --

Listing Gain: --

Current Price: --

Gain On Issue: 0 | 0%

GMP: 15

GMP %: 14.6 %

IPO Tentative Timetable

Opening Date Jun 12, 2026
Closing Date Jun 16, 2026
Allotment Jun 17, 2026
Refund Jun 18, 2026
Delivery of Shares Jun 18, 2026
Listing Date Jun 19, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 247,200
Retail (Max) -- -- --
S-HNI (Min) 1 2400 247,200
S-HNI (Max) 4 9600 988,800
B-HNI (Min) 5 12000 1,236,000

Objective of the Issue

1. Funding the working capital requirements of our company 2. Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company 3. Funding Capital Expenditure for the installation of additional Plant & Machinery and 4. To meet General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 1000800 0 0x
NII 1015200 9489600 9.3x
Retail 1752000 19922400 11.4x
EMP 0 0 0x
Total 3768000 29412000 7.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Horizon Reclaim (Ind Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 20 20 36 49
Other Income 0 0 0 1
Total Income 20 20 36 50
Total Expenditure 19 19 26 34
Operating Profit 1 1 10 16
Interest 0 0 0 1
Depreciation 0 0 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 1 10 14
Provision for Tax 0 0 3 4
Profit After Tax 1 1 7 11
Adjustments 0 0 0 0
Profit After Adjustments 1 1 7 11
Adjusted Earnings Per Share 0.5 0.5 5 7.4

Horizon Reclaim (Ind Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 7 7 14 25
Minority's Interest 0 0 0 0
Borrowings 0 0 1 18
Other Non-Current Liabilities -0 -0 0 0
Total Current Liabilities 1 1 11 21
Total Liabilities 8 8 26 65
Fixed Assets 2 2 4 6
Other Non-Current Assets 0 2 11 44
Total Current Assets 5 4 10 14
Total Assets 8 8 26 65

Horizon Reclaim (Ind Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 1 0 0
Cash Flow from Operating Activities 1 1 2 10
Cash Flow from Investing Activities -0 -2 -12 -35
Cash Flow from Financing Activities -0 -0 10 25
Net Cash Inflow / Outflow 0 -0 -0 0
Closing Cash & Cash Equivalent 1 0 0 0

Horizon Reclaim (Ind Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.47 0.5 4.96 7.37
CEPS(Rs) 0.59 0.65 5.35 8
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 4.6 5.1 10.06 17.43
Core EBITDA Margin(%) 5.4 5.22 28.49 31.96
EBIT Margin(%) 4.58 4.69 27.45 31.33
Pre Tax Margin(%) 4.56 4.68 26.85 28.91
PAT Margin (%) 3.41 3.5 19.51 21.25
Cash Profit Margin (%) 4.3 4.57 21.03 23.07
ROA(%) 8.93 9.02 41.36 23.2
ROE(%) 10.24 10.3 65.47 53.63
ROCE(%) 13.73 13.79 62.89 36.46
Receivable days 56.89 48.86 39.13 32.38
Inventory Days 24.04 22.95 25.47 50.99
Payable days 5.39 7.81 5.86 11.72
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.01 0.02 0.67 1.01
EV/Core EBITDA(x) 0.21 0.39 2.3 3.04
Net Sales Growth(%) 0 3.45 78.17 36.46
EBIT Growth(%) 0 5.93 943.8 55.76
PAT Growth(%) 0 6.12 893.42 48.58
EPS Growth(%) 0 6.12 893.35 48.58
Debt/Equity(x) 0 0 0.7 1.44
Current Ratio(x) 4.8 3.95 0.94 0.68
Quick Ratio(x) 3.53 2.71 0.6 0.21
Interest Cover(x) 299.73 595.31 45.59 12.93
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 36% 35% 0% 0%
Operating Profit CAGR 60% 152% 0% 0%
PAT CAGR 57% 122% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 54% 43% 35% 35%
ROCE Average 36% 38% 32% 32%

Company Contact Information

Horizon Reclaim (India) Ltd.

Deeksha Thakral

91 8171000900

cs@horizonreclaim.com

Khasra No. 9, Dehradun Road Near Nirankari Bhawan Village - Kumar Hera

IPO Lead Manager(s)

Horizon Reclaim (India) Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Horizon Reclaim (India) Ltd.

KFIN Technologies Ltd.

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai, Mumbai, Maharashtra, India, 400070

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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