BSE List Price : ₹151.00

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Category	Times
QIBs	186.72x
HNIs	451.09x
Retail	308.3x
Total : 304.19x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹247,200
Retail Maximum	2	2,400	₹247,200
S-HNI Minimum	3	3,600	₹370,800
S-HNI Maximum	8	9,600	₹988,800
B-HNI Minimum	9	10,800	₹1,112,400

About the Company

Established in 2006, Horizon Reclaim (India) Ltd is a prominent manufacturer of reclaimed rubber, a recycled material produced from discarded rubber products such as used tyres, tubes, tread peelings, and industrial rubber waste.

The company offers a diverse range of products, including:

1.Natural Rubber Reclaim – widely used in footwear soles, floor mats, tyre base compounds, and various moulded rubber products.
2.Synthetic Rubber Reclaim – utilized in the production of automotive seals, hoses, gaskets, and construction-related rubber profiles.
3.Crumb Rubber – commonly applied in road paving, sports flooring, roofing sheets, and other infrastructure-related applications.

The company primarily operates under a B2B business model, catering to small and medium-sized enterprises as well as industrial clients. Additionally, its products are available in multiple grades and specifications to meet the diverse requirements of customers.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹19.66	₹18.76	₹0.67	₹7.71
2024	₹20.44	₹19.49	₹0.71	₹8.45
2025	₹36.39	₹26.66	₹7.07	₹26.08
2026	₹50.01	₹35.72	₹10.50	₹64.88

Company Promoter

Mohit Bajaj

Malika Bajaj

Know before investing

• • Strengths

  Advanced Manufacturing Infrastructure: Operates a fully integrated production facility with an installed capacity of 14,100 MT, backed by streamlined and economical manufacturing processes that support the production of a wide range of recycled rubber products.

  Robust Quality Assurance Framework: Implements rigorous quality control measures through its in-house testing laboratory, ensuring uniform product standards, adherence to customer requirements, and dependable product performance.

• • Risks

  Absence of Long-Term Customer Agreements: The company largely conducts business through purchase orders rather than long-term contracts. Any decline, postponement, or cancellation of customer orders could affect revenue predictability and overall business performance.

  Single Facility Dependency Risk: The company’s manufacturing activities are concentrated at one facility located in Uttarakhand. Any interruption arising from machinery breakdowns, power supply issues, fire, accidents, natural calamities, or regulatory restrictions may negatively impact operations and financial results.

Objects of the Issue & Utilisation of proceeds

Funding the working capital requirements of the Company.

Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company.

Funding Capital Expenditure for the installation of additional Plant & Machinery.

General Corporate Purpose.

Company  Address

Horizon Reclaim (India) Ltd.
Khasra no. 9,
Dehradun Road, Near Nirankari Bhawan
Village – Kumar Hera,
Saharanpur, Uttar Pradesh, 247001
Phone: +91 8171000900
Email: cs@horizonreclaim.com
Website: https://horizonreclaim.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: horizonrec.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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