Baheti Recycling Industries Limited IPO (Baheti Recycling IPO)

Baheti Recycling Industries IPO
Upcoming Baheti Recycling IPO | New Baheti Recycling IPO

Baheti Recycling Industries is an aluminium recycling Company, primarily engaged in processing aluminium based metal scrap to

(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

Baheti Recycling IPO – Details

IPO Opening Date28 November 2022
IPO Closing Date30 November 2022
Issue TypeFixed Price Issue IPO
Issue Size₹12.42 Crore
Face Value₹10 per equity share
IPO Price₹45
Market Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterPurva Sharegistry (India) Private Limited
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Baheti Recycling IPO – Date Schedule

IPO Open Date28 November 2022
IPO Close Date30 November 2022
Basis of Allotment Date05 December 2022
Initiation of Refunds06 December 2022
Credit of Shares to Demat Account07 December 2022
IPO Listing Date08 December 2022

Baheti Recycling IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
Baheti Recycling IPO
Issue Object

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 2020105.95105.670.19
31 March 2021127.80127.040.47
31 March 2022249.26245.202.91
31 May 202257.5756.770.57
Amount in ₹ Crore

Baheti Recycling IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding73.37%

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

Baheti Recycling IPO Registrar

Purva Sharegistry (India) Private Limited

Phone: +91-022-23016761

Baheti Recycling IPO Lead Manager(s)

1. Hem Securities Limited

Baheti Recycling IPO FAQs

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.
Share Market IPO App

Previous articleDroneacharya Aerial Innovations Limited IPO (Droneacharya Aerial IPO)
Next articleArham Technologies Limited IPO (Arham Technologies IPO)