Horizon Reclaim (India) Limited is engaged in the recycling of waste rubber and the manufacturing of reclaimed rubber products. The company processes used tyres, rubber tubes, tread peelings, and other rubber scrap into reusable rubber materials that serve as cost-effective alternatives to virgin rubber in various industrial applications.
Product Portfolio:
- Natural Reclaim Rubber – Manufactured from waste tyre casings and tubes, primarily used in footwear soles, floor mats, conveyor belts, tyre base layers, and other moulded rubber products.
- Synthetic Reclaim Rubber – Includes EPDM and Butyl reclaim rubber used in automotive seals, gaskets, hoses, weather strips, construction profiles, and industrial rubber components.
- Crumb Rubber – Produced from recycled tyres and supplied for road construction, sports surfaces, playground flooring, roofing materials, and infrastructure applications.
The company operates under a B2B business model, supplying reclaimed rubber products to manufacturers across industries such as automotive, footwear, construction, infrastructure, and general rubber goods. Raw materials are sourced from tyre recyclers, scrap dealers, waste collectors, and import channels to ensure a steady supply for production.
Additionally, the company is registered as a waste tyre recycler and generates revenue through the sale of Extended Producer Responsibility (EPR) credits, helping tyre manufacturers and importers meet environmental compliance requirements.
Horizon Reclaim IPO – Details
| IPO Opening Date | 12 June 2026 |
| IPO Closing Date | 16 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 52,69,200 Shares Worth ₹54.27 Crore Fresh Issue: 52,69,200 Shares Worth ₹54.27 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹98 – ₹103 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Horizon Reclaim IPO – Date Schedule
| IPO Open Date | 12 June 2026 |
| IPO Close Date | 16 June 2026 |
| Basis of Allotment | 17 June 2026 |
| Initiation of Refund | 18 June 2026 |
| Credit of Shares to Demat | 18 June 2026 |
| IPO Listing Date | 19 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 16, 2026 |
Horizon Reclaim IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,47,200 |
| Retail (Max) | 2 | 2400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 |
Competitive Strength
- In-house manufacturing facility supported by technology driven process.
- Diversified Customer Base and Long-Standing Customer Relationships.
- Experienced Promoter Directors with Strong Industry Expertise.
- Stringent Quality Control Ensuring Standardized Product Quality.
Company Promoters
- Mohit Bajaj
- Malika Bajaj
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹20.44 Cr | ₹19.49 Cr | ₹0.71 Cr | – |
| 31 March 2025 | ₹36.39 Cr | ₹26.66 Cr | ₹7.07 Cr | ₹10.03 Cr |
| 31 March 2026 | ₹50.01 Cr | ₹35.72 Cr | ₹10.50 Cr | ₹35.76 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 53.63% |
| ROCE | 25.45% |
| Debt/Equity | 1.44 |
| RoNW | 42.29% |
| PAT Margin | 21.25% |
| EBITDA Margin | 32.64% |
| Price to Book Value | 5.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.37 | 5.38 |
| P/E (x) | 13.97 | 19.14 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements of the Company. | ₹6.00 |
| Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by the Company. | ₹26.70 |
| Funding Capital Expenditure for the installation of additional Plant & Machinery. | ₹9.43 |
| General corporate purposes. | – |
✅Strengths
- Diverse reclaimed rubber product portfolio.
- Technology-driven manufacturing facility with 14,100 MT capacity.
- Revenue from both rubber products and EPR credits.
- Customized products for multiple industries.
- Growing demand for recycled rubber products.
⚠️Risks
- Capital-intensive business requiring regular funding.
- Dependence on waste tyre and rubber scrap availability.
- High borrowing and expansion-related funding needs.
- EPR credit revenue depends on regulatory policies.
- Intense competition in the rubber industry.
Horizon Reclaim IPO Promoter Holding
| Pre-Issue Share Holding | 95.84% |
| Post Issue Share Holding | – |
Horizon Reclaim IPO Prospectus
Company Contact Information
| Horizon Reclaim (India) Limited 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/ |
Horizon Reclaim IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: horizonrec.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Horizon Reclaim IPO Lead Manager(s)
| 1. GYR Capital Advisors Pvt. Ltd. |
Horizon Reclaim IPO FAQ
| What is the Horizon Reclaim IPO? Horizon Reclaim IPO is an SME IPO. The issue is priced at ₹98 – ₹103 per equity share. The IPO is to be listed on BSE SME. |
| When will the Horizon Reclaim IPO open? The IPO is to open on 12 June 2026 for QIB, NII, and Retail Investors. |
| What is Horizon Reclaim IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Horizon Reclaim IPO Size? Horizon Reclaim IPO size is ₹54.27 Crore. |
| What are the Horizon Reclaim IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,47,200, while the maximum bid is 2400 Shares for ₹2,47,200. |
| What is the Horizon Reclaim IPO Allotment Date? Horizon Reclaim IPO allotment date is 17 June 2026. |
| What is the Horizon Reclaim IPO Listing Date? Horizon Reclaim IPO listing date is 19 June 2026. The IPO is to be listed on the BSE SME. |
