Horizon Reclaim (India) IPO Day 1 Subscription Status: Issue Subscribed 7.67 Times So Far
By HDFC SKY | Last Modified: Jun 12, 2026 05:08 PM IST
Horizon Reclaim (India) IPO was subscribed 7.67 times on Day 1 as of 4:14:43 PM on June 12, driven by strong demand from NII and retail investors.
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 7.67 times as of 4:14:43 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 | 11.29 |
| bNII (> ₹10 lakh) | 11.69 |
| sNII (< ₹10 lakh) | 10.48 |
| Retail Individual Investors | 10.50 |
| Total | 7.67 |
Horizon Reclaim (India) Day-wise Subscription Summary
| Date | QIB (Ex Anchor) | NII | bNII | sNII | Retail | Total |
|---|---|---|---|---|---|---|
| June 12, 2026 (Day 1, 4:14:43 PM) | 0.00 | 11.29 | 11.69 | 10.48 | 10.50 | 7.67 |
The NII portion recorded the highest demand on the first day of bidding, with both bNII and sNII segments attracting more than ten times subscription. Retail investors also showed strong 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 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 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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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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