Horizon Reclaim (India) IPO
Price band
₹98 – ₹103
Lot size
1200 shares
Min investment
₹1,23,600
Issue size
₹54.27 Cr
IPO schedule
| Open date | 12 Jun 2026 |
| Close date | 16 Jun 2026 |
| UPI mandate cut-off | 16 Jun 2026 |
| Allotment finalisation | 17 Jun 2026 |
| Refund initiation | 18 Jun 2026 |
| Shares credited to demat | 18 Jun 2026 |
| Listing date | 19 Jun 2026 |
| Mandate end date | 1 Jul 2026 |
| Anchor lock-in (50%) | 16 Jul 2026 |
| Anchor lock-in (remaining) | 14 Sept 2026 |
Issue size
About Horizon Reclaim (India)
Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber, which is produced by recycling used rubber materials such as old tyres, rubber tubes, tread peelings and industrial rubber scrap, including EPDM rubber. The company offers products across three main categories: Natural Rubber Reclaim, Synthetic Rubber Reclaim (including EPDM and Butyl Reclaim Rubber), and Crumb Rubber, which are used in applications such as footwear, automotive components, floor mats, construction products, road construction and sports surfaces. The company procures waste rubber materials from domestic and imported sources and processes them into reusable rubber products for industrial customers. It operates a manufacturing facility in Haridwar, Uttarakhand, and generates revenue primarily through the sale of reclaimed rubber products to customers across multiple end-use industries. The company is also developing additional manufacturing capacity and a pyrolysis oil facility to recover value from end-of-life tyres and rubber waste.
Strengths
- Over 19 years of experience in manufacturing reclaimed rubber from scrap and used tyres.
- Diverse product portfolio including natural reclaim rubber, synthetic reclaim rubber and crumb rubber.
- Established sourcing network for waste rubber materials from domestic and imported suppliers.
- In-house quality control systems supported by ISO 9001:2015 certification.
- Strategic manufacturing location in Haridwar with access to raw materials and transportation networks.
Risks
- A significant portion of revenue comes from a limited number of customers.
- Operations depend on a limited number of suppliers for key raw materials.
- Rising raw material prices or supply disruptions could affect profitability.
- Failure to meet product quality standards may lead to order cancellations and loss of business.
- Under-utilisation of manufacturing capacity could adversely impact future financial performance.
Use of proceeds
| Repayment of borrowings | ₹26.7 (49.20%) Cr |
| General corporate purposes | ₹12.14 (22.37%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.