Baheti Recycling Industries Limited IPO Detail
Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company. The company is primarily engaged in processing aluminium-based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.
Baheti Recycling Industries' manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) and has a 12,000 MT installed capacity for processing aluminium scrap.
The company's esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.
The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Competitive Strengths:
- In-house manufacturing facility supported by technology-driven process.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with our customers.
- Strong and diversified supplier base for sourcing raw materials.
- Experienced Promoters supported by dedicated Management team.
Company Promoters
Mr. Shankerlal Bansilal Shah, Mr. Balkishan Shankerlal Shah and Mr. Yash Shankerbhai Shah are the company promoters.IPO Details
| IPO Opening Date | Nov 28, 2022 |
| IPO Closing Date | Nov 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹12.42 Cr |
| Fresh Issue | 2,760,000 shares of ₹10 (aggregating up to ₹12.42 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 3.50x | 17.39x | 10.45x | |
| Day 2 | - | - | 19.15x | 102.10x | 60.67x | |
| Day 3 | - | - | 259.21x | 435.65x | 347.53x |
IPO Tentative Timetable
The Baheti Recycling Industries Limited IPO open date is Nov 28, 2022, and the close date is Nov 30, 2022. The issue may list on Dec 08, 2022.
| IPO Open Date | Nov 28, 2022 |
| IPO Close Date | Nov 30, 2022 |
| Basis of Allotment Date | Dec 05, 2022 |
| Initiation of Refunds | Dec 06, 2022 |
| Credit of Shares to Demat Account | Dec 07, 2022 |
| IPO Listing Date | Dec 08, 2022 |
IPO Lot Size
The Baheti Recycling Industries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.37% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6301 | 12780.02 | 47.78 |
| 31-Mar-22 | 8190.39 | 24926.06 | 291.98 |
| 31-May-22 | 7939.48 | 5757 | 57.36 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects: -
1. Modernization and expansion of existing manufacturing unit.
2. To meet Working Capital requirements.
3. General Corporate Purpose.
4. To meet issue expenses.
Baheti Recycling Industries Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Baheti Recycling Industries Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Baheti Recycling Industries Limited
A-2/3, L.R. Apartments, Opp. Police Commissioner Office, Shahibaug
Ahmedabad
Gujarat
