Horizon Reclaim (India) Limited, a company specializing in the manufacturing of reclaimed rubber from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap including EPDM (Ethylene Propylene Diene Monomer), has announced its initial public offering (IPO). The company is set to enter the capital markets with a 100% fresh issue of 52,69,200 equity shares on the BSE SME platform, aiming to raise approximately Rs 54.27 crore. The price band for the IPO has been fixed at Rs 98 to Rs 103 per share.
IPO Timeline and Structure
The anchor investor date is scheduled for June 11, 2026, and the public subscription period will run from June 12 to June 16, 2026. GYR Capital Advisors Private Limited is the Book Running Lead Manager for the issue.
The issue structure is as follows:
- Total Issue Size: Up to 52.69 lakh equity shares (100% fresh issue)
- Market Maker Portion: Up to 2.64 lakh equity shares
- Anchor Investor Portion: Up to 15.01 lakh equity shares
- Net QIB Portion: Up to 10.01 lakh equity shares
- Non-Institutional Investors: Not less than 7.51 lakh equity shares
- Individual Investors: Not less than 17.52 lakh equity shares
About Horizon Reclaim
Incorporated in 2006, Horizon Reclaim (India) Limited is an integrated rubber recycling and manufacturing company. It processes recycled rubber waste, including used tyres, tubes, tread peelings, and industrial rubber scrap, into reclaimed rubber products. The company operates its manufacturing facility at Bhagwanpur, Haridwar, Uttarakhand (Unit I) and has undertaken expansion through Unit II in Rajkot, Gujarat, and Unit III in Bhagwanpur, Haridwar.
Horizon Reclaim manufactures natural rubber reclaim, synthetic rubber reclaim, and crumb rubber, which serve as alternatives to natural and synthetic rubber across industrial and infrastructure applications. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and is RoHS compliant, emphasizing quality, environmental management, and occupational health and safety.
Expansion Through Pyrolysis (Waste-to-Energy)
The company has undertaken expansion through Unit II at Rajkot, Gujarat, which is proposed to be engaged in tyre pyrolysis for the production of pyrolysis oil, carbon char, and recovered steel.
CPCB Registration and EPR Framework
Horizon Reclaim is registered with the Central Pollution Control Board (CPCB) as a Waste Tyre Recycler, enabling its participation in India's regulated recycling and extended producer responsibility (EPR) framework.
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