Listing Details
- Listing Exchange NSE SME
- Listing Date 21-Feb-23
- IPO Price Range ₹ 25
- Listing Price ₹ 27.5
- Listing Change 10.0%
- Last Traded Price ₹ 34.2
- Current Change 36.8%
Lead Reclaim and Rubber Products IPO Details
- Open Date 09-Feb-23
- Close Date 13-Feb-23
- Lot Size 6000
- IPO Size ₹ 4.88 Cr
- IPO Price Range ₹ 25
- Min Investment ₹ 150000
- Listing Exchange NSE SME
- Basis of Allotment 16-Feb-23
- Refunds 17-Feb-23
- Credit to Demat Account 20-Feb-23
- Listing Date 21-Feb-23
Lead Reclaim and Rubber Products IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 9-Feb-23 | 1.37x | 2.83x | 2.10x |
| 10-Feb-23 | 2.18x | 6.39x | 4.28x |
| 13-Feb-23 | 87.56x | 64.41x | 75.98x |
Lead Reclaim and Rubber Products IPO Synopsis
Lead Reclaim and Rubber Products IPO opens on February 9, 2023, and closes on February 13, 2023. The issue entails a fresh issue of 1,950,000 shares aggregating upto Rs. 4.88 crores. The company has fixed the issue’s lot size at 6000 shares per lot while the price is set at Rs. 25 per share. The issue will be listed on NSE SME on 21st February and the shares will be allotted on 16th February. The company is promoted by Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel and Diksha Patel. Fedex Securities Ltd. is the lead book manager for the issue.
Objective of the Lead Reclaim and Rubber Products IPO
The net proceeds from the issue will be utilised for:
• Funding our working capital requirements;
• Purchase of plant and machinery for augmenting our Manufacturing Facility; and
• General corporate purposes
About Lead Reclaim and Rubber Products
Lead Reclaim and Rubber Products is in the business of manufacturing of reclaimed rubber, crumb rubber powder and rubber granules. The company’s main focus is on a) saving valuable natural resources by way of recycling; and b) helping customers fulfil their circularity aspirations through use of our reclaimed rubber products.
The manufacturing unit located in Kathalal, Kheda, has an in-house testing laboratory, for testing our raw materials and employs an extensive and stringent quality control mechanism at each stage of the recycling process to ensure that the finished product conforms to the exact requirement of its customers.
The company’s product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of various grades of whole tyre reclaim rubber, butyl reclaim rubber and natural reclaimed rubber. It sells its products s to companies in the automotive manufacturing sector, distributors and dealers. It also sells its products to foreign buyers located in Sri Lanka, Argentina, Turkey, China, etc through merchant exporters.
Check our web-stories on Lead Reclaim and Rubber Products IPO
Lead Reclaim and Rubber Products Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 10.28 | 6.99 | 4.76 |
| EBITDA | 1.17 | 1.17 | 1.08 |
| PAT | 0.48 | 0.23 | 0.36 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 7.04 | 5.95 | 5.32 |
| Share Capital | 2.22 | 0.20 | 0.20 |
| Total Borrowings | 2.22 | 3.95 | 3.77 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.4 | 0.5 | 0.7 |
| Net cash from / (used in) investing activities | -0.3 | -0.1 | 0.0 |
| Net cash flow from / (used in) financing activities | 0.5 | -0.1 | -0.8 |
| Net increase (decrease) in cash and cash equivalents | -0.2 | 0.3 | -0.1 |
Peer Comparison
| Name of the Company | Revenue from Operation | EBITDA | PAT | ROCE | ROE |
|---|---|---|---|---|---|
| Lead Reclaim and Rubber Products | 10.30 | 1.17 | 0.48 | 15.70% | 16.53% |
| GRP Ltd | 388.42 | 23.20 | 5.76 | 5.07% | 4.20% |
Lead Reclaim and Rubber Products IPO Key Points
-
Strength
• In-house manufacturing facility supported by technology driven process
• Diversified customer base and long-standing relationship with the customers
• Locational advantage as Kathlal, in the Kheda district of Gujarat is in close proximity to the Inland Container Depot at Dasrath, Hazira port, Mundra port and Khodiyar Inland Container Depot.
• Stringent quality control mechanism ensuring standardized product quality
-
Risk
• The company is involved in certain legal proceedings and may face certain liabilities as a result of the same
• The main operations may be adversely affected in case of industrial accidents at our manufacturing unit and also rubber is a combustible commodity which may lead to any fire mishaps or accidents
• The industry is labour intensive and the business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by the employees or those of the suppliers.
• Company has negative cash flows from its investing activities as well as financing activities in the past years
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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Lead Reclaim and Rubber Products IPO FAQs
What is the price of the Lead Reclaim and Rubber Products IPO?
The price of the Lead Reclaim and Rubber Products IPO is Rs. 25
When does the Lead Reclaim and Rubber Products issue open and close?
Lead Reclaim and Rubber Products IPO opens on Feb 9, 2022, and closes on Feb 13, 2022
What is the Lead Reclaim and Rubber Products listing date?
The listing date for Lead Reclaim and Rubber Products is 21st December
What is the allotment date of Lead Reclaim and Rubber Products?
The allotment date of Lead Reclaim and Rubber Products is 16th February
What is the size of Lead Reclaim and Rubber Products IPO issue?
The Lead Reclaim and Rubber Products IPO worth Rs. 4.88 cr consists of fresh issue of 1,950,000 equity shares.
What is the lot size and investment required for the Lead Reclaim and Rubber Products IPO?
The Lead Reclaim and Rubber Products IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
What is the objective of the Lead Reclaim and Rubber Products IPO?
The Net Proceeds from the Issue will be utilised towards:
• Funding working capital requirements
• Purchase of plant and machinery for augmenting our Manufacturing Facility
• General corporate purposes
How to apply for the Lead Reclaim and Rubber Products?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• 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
Who are the book runners for Lead Reclaim and Rubber Products IPO?
Who are the book runners for Lead Reclaim and Rubber Products IPO?
Who are the promoters/key personnels of Lead Reclaim and Rubber Products?
Lead Reclaim and Rubber Products is promoted by Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel and Diksha Patel
Contact Details of Lead Reclaim and Rubber Products IPO
Contact Information
Lead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej, Bypass Road,
Bharuch-392001
Phone: +91 73590 10333
Email: info@leadrubber.com
Website: http://www.leadreclaim.com/
Lead Reclaim and Rubber Products IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Reclaim and Rubber Products IPO Lead Manager
Fedex Securities Limited