Horizon Reclaim India IPO
Horizon Reclaim India IPO Details
-
Open Date
12 Jun 2026
-
Close Date
16 Jun 2026
- IPO Price Range
₹ 98 to ₹103
- IPO Size
₹ 54.27 Cr
Horizon Reclaim India IPO Timeline
Horizon Reclaim India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-June-2026 | 0.00 | 12.63 | 11.37 | 8.39 |
| 15-June-2026 | 0.08 | 139.71 | 90.39 | 75.17 |
| 16-June-2026 | 186.72 | 450.74 | 308.30 | 304.11 |
Last Updated: 03 July 2026 11:06 AM by 5paisa
Horizon Reclaim (India) Limited manufactures reclaimed rubber, which is recycled rubber made from used tyres, rubber tubes, tread peelings and industrial rubber scrap. Its products are used as a cost-effective and environment-friendly alternative to natural and synthetic rubber.
The company offers three product categories: Natural Rubber Reclaim, Synthetic Rubber Reclaim including EPDM and Butyl Reclaim Rubber, and Crumb Rubber. These products are used across footwear soles, floor mats, tyre base layers, automotive seals, hoses, gaskets, road construction, sports surfaces and roofing sheets.
Horizon Reclaim operates a manufacturing facility at Haridwar, Uttarakhand, with installed production capacity of 14,100 MTPA as of March 31, 2026. It has also completed plant and machinery installation at Bhagwanpur, Haridwar, where commercial operations are yet to commence. The company is registered with CPCB as a Waste Tyre Recycler and also holds CPCB Producer Registration under the EPR framework.
Incorporated in: August 21, 2006
Managing Director: Mr. Mohit Bajaj Chairman
Peers:
Lead Reclaim and Rubber Products Limited
Tinna Rubber and Infrastructure Limited
GRP Limited
Horizon Reclaim India Objectives
1. Funding working capital requirements of the Company: ₹6.00 crore
2. Pre-payment or repayment of all or a portion of certain outstanding borrowings availed by the Company: ₹26.70 crore
3. Funding capital expenditure for installation of additional plant and machinery: ₹9.43 crore
4. General corporate purposes
Horizon Reclaim (India) IPO Size
| Types | Size |
|---|---|
| Total IPO Size |
₹54.27 Cr |
| Offer For Sale | - |
| Fresh Issue |
₹54.27 Cr |
Horizon Reclaim (India) IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,35,200 |
| Retail (Max) | 2 | 2,400 | 2,47,200 |
| S-HNI (Min) | 3 | 3,600 | 3,52,800 |
| S-HNI (Max) | 8 | 9,600 | 9,88,800 |
| B-HNI (Min) | 9 | 10,800 | 10,58,400 |
Horizon Reclaim (India) IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 186.72 | 10,00,800 | 18,68,65,200 | 1,924.71 |
| Non-Institutional Buyers | 450.74 | 7,51,200 | 33,85,98,000 | 3,487.56 |
| BNII | 502.41 | 5,00,400 | 25,14,04,800 | 2,589.47 |
| SNII | 347.66 | 2,50,800 | 8,71,93,200 | 898.09 |
| Individual Investors (IND category bidding for 2 Lots) | 308.30 | 17,52,000 | 54,01,44,000 | 5,563.48 |
| Total** | 304.11 | 35,04,000 | 1,06,56,07,200 | 10,975.75 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 20.44 | 36.39 | 50.01 |
| EBITDA | 1.17 | 10.46 | 16.32 |
| PAT | 0.71 | 7.07 | 10.50 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 8.45 | 26.08 | 64.88 |
| Share Capital | 0.75 | 14.25 | 14.25 |
| Total Liabilities | 8.45 | 26.08 | 64.88 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 1.49 | 1.71 | 10.09 |
| Net Cash Generated From / (used in) Investing Activities | (1.72) | (11.74) | (34.65) |
| Net Cash Generated From / (used in) Financing Activities | 0.00 | 9.84 | 24.60 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (0.23) | (0.19) | 0.05 |
Strengths
1. Manufactures reclaimed rubber across natural rubber reclaim, synthetic rubber reclaim and crumb rubber categories
2. Registered with CPCB as a Waste Tyre Recycler and holds CPCB Producer Registration under the EPR framework
3. Operational manufacturing facility at Haridwar with installed production capacity of 14,100 metric tonnes per annum as of March 31, 2026
4. Revenue from operations increased from ₹20.33 crore in FY24 to ₹49.42 crore in FY26
5. EBITDA margin improved from 5.72% in FY24 to 32.64% in FY26
Weaknesses
1. Total borrowings increased from nil in FY24 to ₹35.76 crore in FY26
2. Debt-equity ratio stood at 1.44 as of March 31, 2026
3. Unit III at Bhagwanpur, Haridwar has not commenced commercial operations yet
4. Pyrolysis oil facility at Rajkot is still under establishment
5. Business depends on availability and pricing of used tyres, rubber tubes and other rubber scrap
Opportunities
1. Rising focus on waste tyre recycling can support demand for organised recycling players
2. CPCB EPR framework creates an additional compliance-linked opportunity for registered waste tyre recyclers
3. Installation of additional plant and machinery can support future capacity expansion
4. Crumb rubber has applications across road construction, sports surfaces and construction materials
5. Pyrolysis oil facility can diversify the company's product base once operational
Threats
1. Competitive and fragmented reclaimed rubber industry may keep pricing pressure high
2. Sharp changes in raw material availability or procurement cost can affect production and margins
3. Changes in environmental, pollution control or EPR-related regulations can affect operations
4. Delay in commercialisation of new facilities can impact expansion plans
5. Higher debt levels can increase pressure on cash flows and repayment capacity
1. Revenue from operations increased from ₹20.33 crore in FY24 to ₹49.42 crore in FY26
2. PAT increased from ₹0.71 crore in FY24 to ₹10.50 crore in FY26
3. The company manufactures reclaimed rubber across three categories: natural rubber reclaim, synthetic rubber reclaim and crumb rubber
4. The company is registered with CPCB as a Waste Tyre Recycler and holds registration under the EPR framework
Horizon Reclaim operates in the reclaimed rubber and rubber recycling industry. Reclaimed rubber is produced from used tyres, tubes, tread peelings and industrial scrap, and is used as a lower-cost substitute for natural and synthetic rubber. The company serves end-use areas such as footwear, floor mats, tyre base layers, automotive seals, gaskets, road construction, sports surfaces and roofing sheets. Its CPCB Waste Tyre Recycler registration, EPR-linked registration, operating facility and planned capacity additions position it within the organised rubber recycling ecosystem.
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FAQs
Horizon Reclaim (India) IPO opens from June 12, 2026 to June 16, 2026.
The size of Horizon Reclaim (India) IPO is ₹54.27 Cr.
The price band of Horizon Reclaim (India) IPO is fixed at ₹98 to ₹103 per share.
To apply for Horizon Reclaim (India) IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for Horizon Reclaim (India) IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange. You will receive a mandate notification to block funds in your UPI app.
The minimum bid size of Horizon Reclaim (India) IPO is 2,400 shares. The minimum investment required is ₹2,35,200.
The share allotment date of Horizon Reclaim (India) IPO is June 17, 2026.
Horizon Reclaim (India) IPO will tentatively be listed on June 19, 2026 on BSE SME.
GYR Capital Advisors Private Limited is the book running lead manager for Horizon Reclaim (India) IPO.
Horizon Reclaim (India) IPO plans to utilise the raised capital from the IPO for:
1. Funding working capital requirements: ₹6.00 crore
2. Pre-payment or repayment of certain outstanding borrowings: ₹26.70 crore
3. Funding capital expenditure for installation of additional plant and machinery: ₹9.43 crore
4. General corporate purposes