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Horizon Reclaim (India) SME IPO

Horizon Reclaim (India) IPO — date, price band, lot size & details 2026

Horizon Reclaim (India) listed on 19 Jun 2026 at ₹151, 46.6% above the ₹103 issue price.

Everything you need to know about the Horizon Reclaim (India) IPO. Track the latest updates, GMP trends, and subscription status.

Stock price

Horizon Reclaim (India) is listed — here is the live share price.

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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 25 October.

Key dates Listed
  1. Open 12 Jun 2026
  2. Close 16 Jun 2026
  3. Allotment 17 Jun 2026
  4. Refund/credit 18 Jun 2026
  5. Listing 19 Jun 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 12 to 16 Jun, 2026
Price Band ₹98 – ₹103
Face Value ₹10
Lot Size 1200 Shares
Issue Size ₹54.27 Cr
Sale Type Fresh capital only
Listing On BSE SME
Registrar KFin Technologies Limited
Min Investment ₹ 2,47,200
Reservation
QIB 49.99%
NII 15.01%
Retail 35%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 1200 shares at the ₹103 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹75
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 2,400 ₹2,47,200
Retail (max) 2 2,400 ₹2,47,200
HNI (min) 3 3,600 ₹3,70,800

Three years of numbers

All figures in ₹ crore, as reported in the Horizon Reclaim (India) offer document.

Total income
50.01
20
36
50
31 Mar 202431 Mar 202531 Mar 2026
Profit after tax
10.50
1
7
11
31 Mar 202431 Mar 202531 Mar 2026
EBITDA
16.32
1
10
16
31 Mar 202431 Mar 202531 Mar 2026
Borrowing vs net worth
35.76 / 24.83
31 Mar 202431 Mar 202531 Mar 2026
Borrowing Net worth
Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 64.88 26.08 8.45
Total Income 50.01 36.39 20.44
Profit After Tax 10.50 7.07 0.71
EBITDA 16.32 10.46 1.17
NET Worth 24.83 14.33 7.26
Reserves and Surplus 10.58 0.08 6.51
Total Borrowing 35.76 10.03

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Horizon Reclaim (India) RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
19.14
EPS (₹)
5.38
RoCE
25.45%
RoNW
42.29%
PAT Margin
21.25%

Horizon Reclaim (India) IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹5.38
P/E Ratio (x) 19.14
Market Cap at Offer Price (₹ Cr) ₹201.02

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹103 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹54.27 Cr of the issue is earmarked to named objects.

Funding the working capital requirements of our Company ₹6.00 Cr
Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company ₹26.70 Cr
Funding Capital Expenditure for the installation of additional Plant & Machinery ₹9.43 Cr
General Corporate Purposes ₹7.80 Cr
Issue expenses ₹4.34 Cr

About the company

No company details available yet.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Mohit Bajaj and Malika Bajaj
Promoter holding
95.84% → 69.97%
Pre-issue → post-issue
Registered office
Khasra no.9, Dehradun Road, Near Nirankari Bhawan, Village-Kumar Hera, Saharanpur, Uttar Pradesh, 247001
+91 8171000900

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
GYR Capital Advisors Pvt.Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

GYR Capital Advisors Pvt.Ltd.

12 issues handled (2 mainboard, 10 SME)
Listed in Profit 83.3% 10 of 12 listed
Avg Listing Gain +37.1% across 12 issues
Listed Below Issue 2 of 12 listed

Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Horizon Reclaim (India)
Email

Frequently asked

What is the GMP of Horizon Reclaim (India)?

The current Grey Market Premium is ₹75, or 72.8% over the issue price.

What is the Horizon Reclaim (India) IPO price band?

₹98 to ₹103, on a face value of ₹10.

When is the allotment?

The basis of allotment is 17 June 2026, with listing on 19 June 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Horizon Reclaim (India) IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹75
Subscribed
282.87×
Min bid
₹2,47,200
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