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Explore how Horizon Reclaim (India) Ltd.’s IPO performed on its opening day, including subscription figures, price band details, important dates, and the process to apply through ASBA or UPI.
The Horizon Reclaim (India) Ltd. IPO opened for subscription on June 12, 2026. The company manufactures reclaimed rubber products using recycled rubber materials such as used tyres, rubber tubes, tread peelings, and industrial scrap. The IPO is a book-built SME issue with an issue size of approximately ₹54.27 crore and a price band of ₹98 to ₹103 per equity share. According to the company's stated objectives, the net proceeds are proposed to be utilised for debt repayment, working capital requirements, and capital expenditure towards plant and machinery, among other corporate purposes.
The issue is valued at ₹54.27 Crores and is a book-built issue. The IPO is being offered in the price band of ₹98 to ₹103 per share.
The Horizon Reclaim (India) Ltd. IPO received a strong response from investors on its opening day. Both retail and non-institutional investors showed active participation, resulting in the issue being subscribed multiple times within the first day itself.
On the first day of bidding, the Horizon Reclaim (India) Ltd. IPO was subscribed 5.31× overall. Retail investors led the demand, while non-institutional investors also recorded healthy participation. Qualified Institutional Buyers had not placed bids at the time of reporting.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
7.75× |
Non-Institutional Investors (NII) |
6.34× |
Total |
5.31× |
The opening-day response reflects significant interest from retail and high-net-worth investors. Market participants will continue to monitor institutional participation and overall subscription trends during the remaining bidding period.
The Horizon Reclaim (India) Ltd. IPO continued to garner robust demand on the second day of bidding. As per the latest available data, the issue was subscribed 60.08 times overall by Day 2. The strongest participation came from the Non-Institutional Investor (NII) segment, followed closely by Retail Individual Investors (RIIs).
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.08x |
Retail Individual Investors (RII) |
78.69x |
Non-Institutional Investors (NII) |
87.12x |
Overall |
60.08x |
The strong response from retail and non-institutional investors indicates substantial demand for the issue. While QIB participation remained limited at this stage, the overall subscription figures reflect healthy investor interest ahead of the IPO's closing date.
The IPO is being offered in a price band of ₹98 to ₹103 per share, with a face value of ₹10 per share.
Investors can apply for a minimum of 1 lot comprising 1,200 shares and in multiples thereof. The lot size is 1,200 shares. At the upper price band of ₹103 per share, the application value for one lot is ₹1,23,600. Investors should refer to the offer documents and exchange platform requirements for applicable investor-category bidding limits.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
1,200 |
₹1,23,600 |
Retail (Maximum) |
2 |
2,400 |
₹2,47,200 |
HNI (Minimum) |
3 |
3,600 |
₹3,70,800 |
The issue structure follows the standard SME IPO framework, with separate allocations reserved for retail, non-institutional, and institutional investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Horizon Reclaim (India) Ltd. IPO on Bajaj Markets.
The following timeline highlights the key dates associated with the IPO process:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
June 12, 2026 |
Issue opens for subscription |
IPO Close Date |
June 16, 2026 |
Final day to submit bids |
Basis of Allotment |
June 17, 2026 |
Finalisation of share allotment |
Refunds Initiation |
June 18, 2026 |
Refund process begins |
Credit of Shares to Demat |
June 18, 2026 |
Shares credited to successful applicants |
Listing Date |
June 19, 2026 |
Shares proposed to list on BSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Horizon Reclaim (India) Ltd. IPO through either the ASBA facility offered by banks or through UPI-enabled broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Horizon Reclaim (India) Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Horizon Reclaim (India) Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on Apr 10, 2026
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