Horizon Reclaim IPO
Horizon Reclaim is an upcoming SME issue on the BSE SME platform with a price band of ₹98 – ₹103 per share.
IPO GMP
+₹75
+72.82% expected gain
Price Band
₹98 - ₹103
Lot Size
2400 shares
Min Investment
₹2,47,200
Listing Date
June 19, 2026
About Horizon Reclaim
Company overview, business, and key facts.
Horizon Reclaim (India) Ltd, founded in 2006, is one of the leading manufacturers of reclaimed rubber. It is recycled rubber made from used rubber material such as old tyres, rubber tubes, tread peelings, and industrial scrap.
Its product portfolio includes 1) Natural Rubber Reclaim, which is used in footwear soles, floor mats, tyre base layers, and moulded rubber products. 2) Synthetic Rubber Reclaim, used in automotive seals, hoses, gaskets, and construction profiles, and 3) Crumb Rubber, used in road construction, sports surfaces, and roofing sheets. Its operations mostly run on a B2B model, serving small and medium enterprises and industrial customers. Moreover, its products can also be available in different grades as per the client’s requirements.
Founded
2006
Headquarters
Saharanpur, Uttar Pradesh
Promoters
Mohit Bajaj, Malika Bajaj
Website
https://horizonreclaim.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Horizon Reclaim IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+37.4%
36.5% a year over the period
Profit growth, 2026
+48.5%
150.2% a year over the period
Profit margin (PAT)
21%
EBITDA margin 32.64%
ROE / ROCE
53.63% / 25.45%
As published in the offer document
Debt to equity
1.44
GMP-implied gain per lot
₹1,80,000
2400 shares on ₹2,47,200. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 21% in 2026.
- Profit grew 48.5% in 2026.
Watch-outs
- Leverage: debt to equity is 1.44.
- 63.4% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: issue size, GMP history (fewer than 3 data points), post-IPO share count (market cap and P/E not computable), published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Horizon Reclaim's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Horizon Reclaim IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Horizon Reclaim IPO is trading at a grey market premium (GMP) of +₹75 (+72.82% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 235.86x overall — QIB: 134.35x, NII: 288.08x, Retail: 263.6x.
Horizon Reclaim IPO subscription has closed. The shares are expected to list on June 19, 2026.
The minimum investment required is ₹2,47,200 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Horizon Reclaim IPO — Frequently Asked Questions
What is Horizon Reclaim IPO GMP today?
Horizon Reclaim IPO GMP (grey market premium) today is +₹75, suggesting an estimated listing gain of +72.82%. GMP is indicative and subject to change.
What is the price band of Horizon Reclaim IPO?
The price band for Horizon Reclaim IPO is ₹98 - ₹103 with a lot size of 2400 shares. The minimum investment required is ₹2,47,200.
When is Horizon Reclaim IPO allotment date?
Horizon Reclaim IPO allotment is expected to be finalised on June 17, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Horizon Reclaim IPO list on NSE/BSE?
Horizon Reclaim IPO is expected to list on BSE SME on June 19, 2026.
How to check Horizon Reclaim IPO allotment status?
To check Horizon Reclaim IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Horizon Reclaim IPO?
Horizon Reclaim IPO is showing a strong GMP of +₹75 (+72.82%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Horizon Reclaim IPO?
The lot size for Horizon Reclaim IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,47,200. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.