Horizon Reclaim (India) IPO Subscribed 304.06 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 16th June 2026 - 05:29 pm
Horizon Reclaim (India) Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 304.06 times overall subscription by 5:04 PM on Day 3 (June 16, 2026). The ₹54.27 crore book-build issue, priced at ₹98 to ₹103 per share, received bids for 1,06,54,18,800 shares against 35,04,000 shares on offer.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Horizon Reclaim (India) IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (June 12) | 0.00 | 12.63 | 11.37 | 8.39 |
| Day 2 (June 15) | 0.08 | 139.71 | 90.39 | 75.17 |
| Day 3 (June 16) | 186.72 | 450.73 | 308.20 | 304.06 |
Here are the subscription details for Horizon Reclaim (India) IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 15,01,200 | 15,01,200 | 19.34 |
| Market Maker | 1.00 | 2,64,000 | 2,64,000 | 5.82 |
| QIB (Ex-Anchor) | 186.72 | 10,00,800 | 18,68,65,200 | 1,840.70 |
| NII | 450.73 | 7,51,200 | 33,85,87,200 | 3,264.29 |
| Retail | 308.20 | 17,52,000 | 53,99,66,400 | 4,683.66 |
| Total | 304.06 | 35,04,000 | 1,06,54,18,800 | 9,788.65 |
Key Highlights – Day 3
- Overall subscription surged to 304.06 times on the final day, from Day 2's 75.17 times, driven by a sharp last-day surge in institutional demand.
- Non-institutional investors led with exceptional demand at 450.73 times, surging from Day 2's 139.71 times, with bNII at 502.41 times and sNII at 347.62 times, reflecting extraordinary HNI appetite for this reclaimed rubber manufacturing SME IPO.
- Individual investors recorded strong participation at 308.20 times, surging from Day 2's 90.39 times.
- Qualified institutional buyers (ex-anchor) surged to 186.72 times from Day 2's 0.08 times, indicating massive institutional interest concentrated on the closing day.
Key Highlights – Day 2
- Overall subscription reached 75.17 times, surging from Day 1's 8.39 times.
- Non-institutional investors surged to 139.71 times from Day 1's 12.63 times, with bNII at 143.78 times and sNII at 131.60 times.
- Individual investors surged to 90.39 times from Day 1's 11.37 times.
- Qualified institutional buyers (ex-anchor) showed negligible participation at 0.08 times, with no meaningful entry on Day 2.
Key Highlights – Day 1
- Overall subscription crossed full subscription at 8.39 times on Day 1 (June 12, 2026), reflecting strong initial investor interest in this reclaimed rubber manufacturing SME IPO.
- Non-institutional investors led strongly at 12.63 times, with bNII at 13.32 times and sNII at 11.26 times on Day 1.
- Individual investors crossed full subscription at 11.37 times on Day 1.
- Qualified institutional buyers (ex-anchor) showed no participation on Day 1.
- Anchor investors fully subscribed their allocation of ₹15.46 crores on June 11, 2026.
About Horizon Reclaim (India) Limited
Incorporated in 2006, Horizon Reclaim (India) Limited manufactures reclaimed rubber derived from used tyres, rubber tubes, tread peelings, and industrial scrap, offering natural rubber reclaim, synthetic rubber reclaim, and crumb rubber for applications in footwear, automotive, road construction, and sports surfaces. The company operates on a B2B model, primarily serving small and medium enterprises in the northwestern region of India. As of March 31, 2026, the company reported revenue of ₹50.01 crore and profit after tax of ₹10.50 crore.
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