Horizon Reclaim (India) Ltd - IPO

Horizon Reclaim (India) Ltd IPO Details

Initial public offer of up to 52,69,200* equity shares of face value Rs.10/- each (the Equity Shares) of Horizon Reclaim (India) Limited (The Company or the Issuer) for cash at an issue price of Rs. 98-103 per equity share (including securities premium of Rs. 88-93 per equity share) (Issue Price), aggregating up to Rs. 51.64-54.27 Crores (the Issue) of which 2,64,000 equity shares aggregating to Rs. 2.59-2.72 Crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 50,05,200 equity shares of face value of Rs.10 each at an issue price of Rs. 98-103 per equity share aggregating upto Rs. 49.05-51.55 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.65% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 98/- to Rs. 103/- per equity share of face value Rs. 10/- each.The floor price is 9.8 times of the face value and the cap price is 10.3 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Funding the working capital requirements of the Company. Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by its Company. Funding Capital Expenditure for the installation of additional Plant & Machinery. General corporate purposes.

Horizon Reclaim (India) Ltd Contact Details

Horizon Reclaim (India) Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@horizonreclaim.com

Website - https:, horizonreclaim.com