Horizon Reclaim (India) Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹103
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,23,600
Issue Size
₹54.27 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
49.99%
NII Quota
15.01%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Horizon Reclaim (India) Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.84%
Promoter Holding (Post-Issue)
69.96%
Issue Type
Book Building - SME
ISIN
INE1SEO01013
About the Company
Incorporated in 2006, our Company is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including Ethylene Propylene Die ne Monomer (EPDM), a synthetic rubber known for its excellent resistance to heat. Reclaimed rubber serves as a cost-effective and environmental friendly alternative to natural and synthetic rubber and is widely used in the manufacture of various rubber-based products.
Industry Overview
The rubber industry in India comprises natural rubber production, synthetic rubber manufacturing, and the processing of end-of-life rubber materials into reclaimed rubber. With increasing emphasis on sustainability and circular economy practices, the reclaim rubber segment has emerged as a critical sub-sector, contributing to resource conservation, cost savings, and environmental compliance across multiple end-user industries such as automotive, footwear, construction, and retreading. The India Reclaimed Rubber Market Size was estimated at 278.4 (USD Million) in 2023.The India Reclaimed Rubber Market Industry is expected to grow from 500(USD Million) in 2024 to 1,200 (USD Million) by 2035. The India Reclaimed Rubber Market CAGR (growth rate) is expected to be around 8.284% during the forecast period (2025 - 2035). According to industry estimates published by the Rubber Board of India and supported by market intelligence from governmentregistered trade analytics portals, India's reclaim rubber industry is valued at approximately USD 500 million in FY 2024-25, up from US$ 278 million in 2023, and is projected to grow at a CAGR of 8-10% over the next five years. Moreover, policies such as the EU Deforestation-free Regulation (EUDR) and mandates for recycled content in manufacturing practices have further pushed companies to adopt reclaimed materials. Simultaneously, rising raw material costs and instabili ty in the supply of natural and synthetic rubber have made reclaimed rubber an economically attractive choice for manufacturers aiming to reduce production costs without compromising performance.
Company History
Our Company was originally incorporated as `Horizon Reclaim (India) Private Limited' as a Private Limited Company under the Companies Act, 1956 at Saharanpur, pursuant to a certificate of incorporation dated August 21, 2006, issued by the Registrar of Companies, Uttar Pradesh and Uttranchal ("RoC"). Thereafter, name of our Company was changed from `Horizon Reclaim (India) Private Limited' to `Horizon Reclaim (India) Limited', consequent to conversion of our Company from private to public company, pursuant t o a special resolution passed by the shareholders of our Company on April 15, 2025 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Processing Centre on May 06, 2025. Our Company's Corporate Identity Number is U25206UP2006PLC032294.
Products & Services
- The Company is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials.
Growth Strategy
- Strategic Expansion into Pyrolysis Oil and By-Product Recovery.
- Enhancement of Manufacturing Capacity through installation of additional machinery.
- Product Diversification through Development of Specialised Reclaim Rubber Grades.
- Regional Market Penetration across Western and Central India.
- Strengthening ESG and EPR Positioning.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 52,69,200 equity shares of face value Rs.10/- each (the "Equity Shares") of Horizon Reclaim (India) Limited (the "Company" or "Horizon" or "Issuer") at an issue price of Rs. 103 per equity share (including a share premium of Rs. 93 per equity share) for cash, aggregating Rs. 54.27 Crores ("Public Issue") out of which 2,64,000 equity shares of face value Rs.10/- each, at an issue price of Rs. 103 per equity share for cash, aggregating Rs. 2.72 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 50,05,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 103 per equity share for cash, aggregating Rs. 51.55 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.65% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 103/- per equity share of face value Rs. 10/- each. The floor price is 10.3 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters having deep domain knowledge to scale up the business.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
- The company's business is capital intensive, and the company's inability to raise funds on acceptable terms when required could materially and adversely affect the company's business, financial condition and results of operations.
- The company's business is working capital intensive. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on the company's results of operations
- The company primarily operates on a purchase order-based model and does not have long-term contractual arrangements with the company's customers, which may adversely affect the stability and predictability of the company's revenues.
- The Company is dependent on external suppliers for the company's raw material requirements.
- The company's business is dependent on the company's manufacturing facility, and any disruption in manufacturing operations could adversely affect its business.