Horizon Reclaim (India) came to market through an SME IPO that opened on 12 June 2026 and closed on 16 June 2026, and the shares listed on 19 June 2026 on BSE SME. The price band was ₹98 to ₹103 per share and one lot was 1200 shares, so the minimum application was ₹1,23,600. The issue size was ₹54.27 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and GYR Capital Advisors Pvt.Ltd was the lead manager.
As of 16 June 2026.
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Established in 2006, Horizon Reclaim (India) Ltd is involved in the manufacture of reclaimed rubber. Reclaimed rubber refers to recycled rubber that is recovered from used rubber items like tyres, rubber tubes, tread scrapes, and industrial rubber scraps. Product Range: Natural Rubber Reclaim is obtained from tyre casings and tubes for use in footwear soles, floor mats, tyre base layers, and rubber molded parts.
Synthetic Rubber Reclaim includes EPDM and Butyl rubber used in automobile seals, rubber hoses, gaskets, and construction profiles. Crumb Rubber which results from tyre recycling used in road construction, playing surfaces, and roofing panels. Available in various grades based on customer demands. The sales of Horizon are mainly B2B (business to business) directed at SMEs and industrial customers in northwest India.
As described in the offer document.
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Horizon Reclaim (India) Limited allocated 15,01,200 equity shares to 5 anchor investors at ₹103 per share on June 11, 2026. Bandhan Small Cap Fund led the allocation at 38.77%, followed by Vikasa India EIF I Fund at 30.62% and Shine Star Build-Cap Private Limited at 17.67%. Bandhan Small Cap Fund was the sole domestic mutual fund participant.
Mohit Bajaj, Malika Bajaj. Promoter holding 95.84% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Horizon Reclaim (India) IPO was a ₹54.27 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹98–₹103 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,47,200). The IPO was open from June 12 to June 16, 2026 and was subscribed 304.19x. Shares listed on BSE SME on June 19, 2026 at ₹151, a 46.6% premium to the issue price of ₹103. Kfin Technologies Limited is the registrar.
GYR Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Horizon Reclaim (India) IPO is ₹98 to ₹103 per share.
The lot size of Horizon Reclaim (India) IPO is 1200 shares.
The minimum investment for Horizon Reclaim (India) IPO is approximately ₹2,47,200 based on the upper price band.
The allotment date of Horizon Reclaim (India) IPO is Jun 17, 2026.
Horizon Reclaim (India) IPO's final recorded GMP before listing was ₹64 per share (a 62% premium over the ₹103 upper price band). The shares listed at ₹151. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Horizon Reclaim (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Horizon Reclaim (India) IPO allotment status on Rupix for quick and easy access.
₹98 to ₹103 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,23,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,23,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 June 2026 and closed on 16 June 2026.
The basis of allotment was published on 17 June 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 June 2026 on BSE SME.
The issue size was ₹54.27 crore. The fresh issue was 52,69,200 shares (aggregating up to ₹54.27 crore).