Organic Recycling Systems Limited is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain. The Company has been a forerunner in providing sustainable waste management solutions in India since 2008.
The company has also set up a MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. The plant has been operational since 2013 with the plant being recognized as one of the case studies for best practices for MSWM under the Swachh Bharat Mission and various other reports.
Organic Recycling Systems verticals includes Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model and Supply of key equipment.
Organic Recycling Systems IPO – Details
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 26 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 25,00,200 Shares Worth ₹50.00 Crore Fresh Issue: 25,00,200 Shares Worth ₹50.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹200 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Maashitla Securities Private Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Organic Recycling Systems IPO – Date Schedule
| IPO Open Date | 21 September 2023 |
| IPO Close Date | 26 September 2023 |
| Basis of Allotment | 28 September 2023 |
| Initiation of Refund | 03 October 2023 |
| Credit of Shares to Demat Account | 04 October 2023 |
| IPO Listing Date | 05 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 26, 2023 |
Organic Recycling Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 600 | 1,20,000 |
| Retail (Maximum) | 1 | 600 | 1,20,000 |
| HNI (Minimum) | 2 | 1200 | 2,40,000 |
Competitive Strengths
- Service provider in MSW management sector focusing on processing and disposal of MSW.
- Patented technological capabilities for providing customized solutions to end customers.
- Track record of project execution.
- Experienced Promoters and Management Team with Strong Domain Expertise along with strong technical capabilities and data driven approach enabling the company to capitalize on the huge growth potential in the MSW space.
Company Promoters
- Mr. Sarang Bhand
Object Of The Issue
- Repayment of Debt.
- General Corporate Purposes.
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 15.78 | 20.27 | -4.49 | 54.50 |
| 31 March 2022 | 17.57 | 22.91 | -5.35 | 54.18 |
| 31 March 2023 | 25.34 | 20.68 | 3.65 | 69.81 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 25.54 |
| Market Cap (₹ Cr.) | 153.99 |
| ROE | 21.76 |
| ROCE | 13.06 |
| Debt/Equity | 2.70 |
| EPS (Rs) | 7.83 |
| RoNW | 14.33 |
Organic Recycling Systems IPO Promoter Holding
| Pre Issue Share Holding | 30.14% |
| Post Issue Share Holding | 20.35% |
Organic Recycling Systems IPO Prospectus
Company Contact Information
| Organic Recycling Systems Limited Office No. 1003, 10th Floor, The Affaires Plot No. 9, Sector-17, Sanpada, Navi Mumbai- 400705 Phone: 022-41702222 Email: cs@organicrecycling.co.in Website: www.organicrecycling.co.in |
Organic Recycling Systems IPO Registrar
| Maashitla Securities Private Limited Phone: 011-45121795-6 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Organic Recycling Systems IPO Lead Manager(s)
| 1. Arihant Capital Markets Limited |
Organic Recycling Systems IPO FAQs
| What is Organic Recycling Systems IPO? Organic Recycling Systems IPO is a SME IPO. The issue is priced at ₹200 per equity share. The IPO is to be listed on BSE SME. |
| When Organic Recycling Systems IPO will open? The IPO is to open on 21 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Organic Recycling Systems IPO? You can apply Organic Recycling Systems 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 Organic Recycling Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Organic Recycling Systems”. 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 5 Paisa. |
| How to Apply the Organic Recycling Systems IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Organic Recycling Systems”. 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 Organic Recycling Systems IPO Size? Organic Recycling Systems IPO size is ₹50.00 crores. |
| What is Organic Recycling Systems IPO Price Band? Organic Recycling Systems IPO Price Band is ₹200. |
| What is Organic Recycling Systems IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,20,000 amount while the maximum bid is 600 shares with ₹1,20,000 . |
| What is the Organic Recycling Systems IPO Allotment Date? Organic Recycling Systems IPO allotment date is 03 October 2023. |
| What is the Organic Recycling Systems IPO Listing Date? Organic Recycling Systems IPO listing date is 06 October 2023. The IPO is to list on BSE SME. |
