Business Standard

Organic Recycling Systems Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

50.00 cr

Price Range (₹)

200

Lot Size

600

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

21-Sept-2023

Close Date

26-Sept-2023

Listing Date

06-Oct-2023

Organic Recycling Systems Ltd News

    The Shares of Organic Recycling Systems Ltd have now been listed.

    Organic Recycling Systems Ltd IPO Details

    Public issue of 25,00,200 equity shares of Rs. 10/- each of Organic Recycling Systems Limited (The Company or the Issuer) for cash at a price of Rs. 200/- per share (the Issue Price), aggregating to Rs. 50.00 crores (The Issue), of which, 1,30,200 equity shares of Rs. 10/- each will be reserved for subscription by market maker to the issue (as defined in the section Definitions and Abbreviations) (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., issue of 23,70,000 equity shares of Rs. 10/- each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 32.47% and 30.78%, respectively of the post issue paid up equity share capital of the company. Fixed Price issue at Rs. 200 per equity share the offer price of Rs. 200 is20 times of the face value.600 equity shares for retail individual investors600 equity shares and in multiples of 600 equity shares thereafter for non retail investors.

    Objective of issue

    Reduction of the aggregate outstanding borrowings of the company. General corporate purposes.

    Organic Recycling Systems Ltd Contact Details

    Organic Recycling Systems Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

    Phone - 011-45121795

    Fax - 01145121795

    Email - cs@organicrecycling.co.in

    Website - www.organicrecycling.co.in