Baheti Recycling Industries is an aluminium recycling Company, primarily engaged in processing aluminium based metal scrap to
manufacture:
(i) aluminium alloys in the form of ingots and
(ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
The company’s manufacturing unit, situated at Dehgam (Gandhinagar, Gujarat) has 12,000 MT installed capacity for processing aluminium scrap. Baheti Recycling unit has a well-equipped laboratory, modern technology and testing equipments with supporting environment and facilities, to ensure that the products conform with the pre-determined standards. The company’s manufacturing facility is strategically located near to some of the customers’ manufacturing facilities allowing Baheti Recycling to optimise our deliveries, reduce lead times and facilitate greater interaction with their customers.
The company’s esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.
The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell their products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Baheti Recycling IPO – Details
| IPO Opening Date | 28 November 2022 |
| IPO Closing Date | 30 November 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹12.42 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry (India) Private Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Baheti Recycling IPO – Date Schedule
| IPO Open Date | 28 November 2022 |
| IPO Close Date | 30 November 2022 |
| Basis of Allotment Date | 05 December 2022 |
| Initiation of Refunds | 06 December 2022 |
| Credit of Shares to Demat Account | 07 December 2022 |
| IPO Listing Date | 08 December 2022 |
Baheti Recycling IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,35,000 |
| Maximum | 1 | 3000 | 1,35,000 |
Competitive Strengths
- In-house manufacturing facility supported by technology driven process.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long standing relationship with their customers.
- Strong and diversified supplier base for sourcing raw material.
- Experienced Promoters supported by dedicated Management team.
Company Promoters
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
Object Of The Issue
- Modernization and expansion of existing manufacturing unit.
- To meet Working Capital requirements.
- General Corporate Purposes.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 105.95 | 105.67 | 0.19 |
| 31 March 2021 | 127.80 | 127.04 | 0.47 |
| 31 March 2022 | 249.26 | 245.20 | 2.91 |
| 31 May 2022 | 57.57 | 56.77 | 0.57 |
Baheti Recycling IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.37% |
Baheti Recycling IPO Prospectus
Company Contact Information
| Baheti Recycling Industries Limited A-2/3, L.R. Apartments, Opp. Police Commissioner Office, Shahibaug, Ahmedabad – 380 004, Gujarat, India Phone: +91-79-25627681/82 Email: info@bahetiindustries.com Website: www.bahetiindustries.com |
Baheti Recycling IPO Registrar
| Purva Sharegistry (India) Private Limited Phone: +91-022-23016761 Email: support@purvashare.com Website: https://www.purvashare.com/ |
Baheti Recycling IPO Lead Manager(s)
| 1. Hem Securities Limited |
Baheti Recycling IPO FAQs
| What is Baheti Recycling IPO? Baheti Recycling IPO is a SME IPO. The issue is priced at ₹45 per equity share. The IPO is to be listed on NSE SME. |
| When Baheti Recycling IPO will open? The IPO is to open on 28 November 2022 for NII and Retail Investors. |
| What is Baheti Recycling IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Baheti Recycling IPO? You can apply Baheti Recycling IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Baheti Recycling IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Baheti Recycling”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Baheti Recycling IPO Size? Baheti Recycling IPO size is ₹12.42 crores. |
| What is Baheti Recycling IPO Price Band? Baheti Recycling IPO Price Band is ₹45. |
| What is Baheti Recycling IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,35,000 amount while the maximum bid is 3000 shares with ₹1,35,000. |
| What is the Baheti Recycling IPO Allotment Date? Baheti Recycling IPO allotment date is 05 December 2022. |
| What is the Baheti Recycling IPO Listing Date? Baheti Recycling IPO listing date is 08 December 2022. The IPO is to list on NSE SME. |
