Horizon Reclaim (India) IPO Day 1 Subscription Status: Issue Subscribed 3.70 Times So Far

Authored By HDFC SKY | Last Modified: Jun 12, 2026 03:17 PM IST

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Mumbai, June 12: Horizon Reclaim (India) IPO, a book-built SME public issue worth ₹54.27 crore, opened for subscription on Friday. The issue comprises a fresh issue of 50.05 lakh shares and is priced in the band of ₹98 to ₹103 per share. The public issue will remain open for bidding until June 16.

Horizon Reclaim (India) IPO Day 1 Subscription Status

Horizon Reclaim (India) IPO was subscribed 3.70 times as of 12:49:43 PM on June 12, 2026 (Day 1).

Category-wise Horizon Reclaim (India) IPO Subscription Status

Category	Subscription (x)
QIB (Ex Anchor)	0.00
NII/HNI	5.49
bNII (> ₹10 lakh)	5.48
sNII (< ₹10 lakh)	5.50
Retail Individual Investors	5.04
Total	3.70

Horizon Reclaim (India) Day-wise Subscription Summary

Date	QIB (Ex Anchor)	NII	bNII	sNII	Retail	Total
June 12, 2026 (Day 1, 12:49:43 PM)	0.00	5.49	5.48	5.50	5.04	3.70

The NII portion recorded the highest demand on the first day of bidding, with both bNII and sNII segments attracting more than five times subscription. Retail investors also showed healthy participation, while the QIB category had not received bids as of the reported timestamp.

Horizon Reclaim (India) IPO Timeline

Event	Date
IPO Open Date	June 12, 2026
IPO Close Date	June 16, 2026
Basis of Allotment	June 17, 2026
Initiation of Refunds	June 18, 2026
Credit of Shares	June 18, 2026
Listing Date	June 19, 2026

Brief Overview of The IPOBrief Overview Of The IPO

Particulars	Details
Issue Size	₹54.27 crore
Fresh Issue	50,05,200 shares aggregating ₹54.27 crore
Offer for Sale	Nil
Price Band	₹98 to ₹103 per share
Face Value	₹10 per share
Lot Size	1,200 shares
Minimum Retail Investment	₹2,47,200 (2 lots at upper price band)
IPO Type	Book Building Issue
Listing Exchange	BSE SME
Registrar	Kfin Technologies Ltd.
Lead Manager	GYR Capital Advisors Pvt. Ltd.
Market Maker	Giriraj Stock Broking Pvt. Ltd.

Horizon Reclaim (India) operates in the recycling and reclamation segment, focusing on the processing and recovery of various materials. The company intends to utilise the proceeds from the fresh issue for its business requirements and general corporate purposes. Following the completion of the subscription process, the shares are scheduled to be listed on the BSE SME platform on June 19, 2026.

Source:

https://www.bseindia.com/markets/publicissues/displayipo?id=4628&type=IPO&idtype=1&status=L&IPONo=7771&startdt=12%2F06%2F2026

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