Horizon Reclaim IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 19.66 | 20.44 | 36.39 | 50.01 |
| Expense | 18.76 | 19.49 | 26.66 | 35.72 |
| Profit (PAT) | 0.67 | 0.71 | 7.07 | 10.50 |
| Total Assets | 7.71 | 8.45 | 26.08 | 64.88 |
Promoters: Mohit Bajaj and Malika Bajaj
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,42,46,200 | 95.84% |
Strengths & Risks
- Heavily oversubscribed — 282.8x overall (so far).
- Strong institutional (QIB) demand — 186.7x.
- Revenue grew 37% in the latest reported year.
- Solid profit margin — 21.0%.
- Strong return on equity — 54%.
- Elevated leverage — debt/equity of 1.44.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Horizon Reclaim (India) Ltd, founded in 2006, is one of the leading manufacturers of reclaimed rubber. It is recycled rubber made from used rubber material such as old tyres, rubber tubes, tread peelings, and industrial scrap. Its product portfolio includes 1) Natural Rubber Reclaim, which is used in footwear soles, floor mats, tyre base layers, and moulded rubber products. 2) Synthetic Rubber Reclaim, used in automotive seals, hoses, gaskets, and construction profiles, and 3) Crumb Rubber, used in road construction, sports surfaces, and roofing sheets. Its operations mostly run on a B2B model, serving small and medium enterprises and industrial customers. Moreover, its products can also be available in different grades as per the client’s requirements.
| Purpose | Amount (Cr) |
|---|---|
| Funding the working capital requirements of the Company | 6.00 |
| Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company | 26.70 |
| Funding Capital Expenditure for the installation of additional Plant & Machinery | 9.43 |
| General Corporate Purpose | - |
Resources & Documents
Horizon Reclaim (India) Ltd., Khasra no. 9,, Dehradun Road, Near Nirankari Bhawan, Village – Kumar Hera,, Saharanpur, Uttar Pradesh, 247001
Horizon Reclaim has set a price band of Rs 98–Rs 103 per share for an issue size of Rs 54 crore. The stock listed with a 46.60% gain versus its issue price on June 19, 2026.
Horizon Reclaim (India) Ltd, founded in 2006, is one of the leading manufacturers of reclaimed rubber. It is recycled rubber made from used rubber material such as old tyres, rubber tubes, tread peelings, and industrial scrap.
The issue is promoted by Mohit Bajaj and Malika Bajaj with GYR Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding the working capital requirements of the Company (Rs 6 crore) and Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company (Rs 27 crore).
Grey market is quoting a premium of +Rs 54 (+52.4% over issue price), up Rs 49 from the previous session. Final subscription data records overall subscription at 282.82x, retail at 308.20x, QIB at 186.72x, NII at 333.78x.
On fundamentals, the company is posting revenue growth of 37.4%, a profit margin of 21.0%, return on equity of 53.6% in its most recent reported period. Listed peers in this segment include Lead Reclaim and Rubber Products Limited (P/E 19.04x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Horizon Reclaim IPO GMP — What It Means
The latest grey market premium for Horizon Reclaim IPO is ₹54 (+52.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Horizon Reclaim it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Horizon Reclaim GMP history and trend, or learn how grey market premium works and how reliable it is.
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