Horizon Reclaim (India) IPO GMP, Date, Price Band & Review

Horizon Reclaim IPO Details

Horizon Reclaim (India) IPO is a 100% book-built issue of ₹54 crore, entirely a fresh issue of 0.53 crore shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on March 06, 2026.

The price band of this issue is set between ₹98 to 103 per share and the lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor is ₹2,47,200 (2,400 shares). The issue will be open from June 12 to 16, 2026, on the BSE SME platform, with a tentative listing date fixed as June 19, 2026. The book-running lead manager of the issue is GYR Capital Advisors Pvt. Ltd, while the registrar to the issue is Kfin Technologies Ltd.

Horizon Reclaim IPO Date & Timeline

The Horizon Reclaim IPO is officially set to open for subscription on Jun 12, 2026 and will close on Jun 16, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on March 06, 2026 and has now finalized its schedule following SEBI approval. The subscription window allotment is expected on Jun 17, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Jun 18, 2026. Finally, Horizon Reclaim Ltd's shares are tentatively scheduled to list on the stock exchanges on Jun 19, 2026.

Horizon Reclaim IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Horizon Reclaim IPO GMP is currently trading at ₹75, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹178, which is 72.82% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Horizon Reclaim (India) Ltd. was incorporated as a private limited company in Saharanpur, Uttar Pradesh, on August 21, 2006. Then, on May 06, 2026, the company converted into a public limited company to proceed with its public listing procedures. With almost 2 decades of working in the industry, the company have obtained several certificates ensuring their rigorous process of manufacturing and quality.

The company is mainly engaged in the manufacturing of recycled rubber, which serves as a cost-effective and eco-friendly alternative and is used widely in various rubber-based products. Horizon Reclaim mainly targets SMEs and industrial customers, mainly in the north-western region of India.

Operations & Product Range

The operational model of Horizon Reclaim Ltd. is industrial recycling and material sustainability, as the company’s main operation is manufacturing reclaimed rubber utilising discarded materials. The primary product portfolio features Natural Rubber Reclaim, a material extensively utilised in the manufacturing and an array of moulded rubber goods; also, the company produces synthetic rubber reclaim, encompassing specialised EPDM and Butyl rubber variants. These synthetic products are critically essential for creating high-performance automotive seals, industrial hoses, commercial gaskets and specific construction profiles.

Facilities & Capacity

To effectively support its ongoing manufacturing objectives, Horizon Reclaim Ltd. operates a dedicated, in-house production facility driven by standardised technological processes in Saharanpur, Uttar Pradesh. This facility integrates highly stringent quality control measures at multiple stages of production to ensure consistent, reliable product quality for its industrial clients. A significant portion of the business's strategy is dedicated to operational scaling and upgrading the manufacturing equipment.

Brands & Market Presence

Horizon Reclaim (India) Ltd. operates under 'Horizon' as its brand and has built a stable market position primarily in the B2B segment in northwestern India. Rather than focusing on the flagship D2C brands, Horizon has strategically decided to focus on building and maintaining strong relationships with its manufacturing clients. The company has established itself as a reliable supplier chain partner of SMEs through consistent delivery of quality-controlled recycled rubber.

Revenue Streams & Business Model

Horizon Reclaim (India) Ltd. operates a straightforward, high-volume B2B revenue model, generating its primary income exclusively through the bulk manufacturing and sale of natural and synthetic reclaimed rubber. The financial trajectory demonstrates a significant and rapid scale-up in commercial operations; for FY25, the revenue from operations was reported at ₹36.21 crore, which is a 78.17% increase from FY24 and the PAT of FY25 was reported at ₹7.06 crore, which is 19.51% from the previous financial year. The revenue generation is geographically concentrated within the domestic Indian market, primarily servicing large industrial clusters and manufacturing hubs located in the northwestern states.

Management & Shareholding

The promoters of Horizon Reclaim (India) Ltd. are Mohit Bajaj and Malika Bajaj. Before the IPO, the promoters held a 90.87% stake and the promoter group held a 9.13% stake in the company, but after the IPO, the existing promoters’ shareholding will not be affected, as the offering includes a fresh issue of shares with no OFS.

Board & Key Management

The leadership of Horizon Reclaim (India) Ltd. is led by a team of experts with many years of experience. Mohit Bajaj serves as the Chairman & Managing Director and gives strategic direction to the firm and manages the daily operations, along with Whole-Time Directors Malika Bajaj. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.