Lead Reclaim and Rubber Products Limited IPO Detail
Incorporated in 2012, Lead Reclaim and Rubber Products Limited is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules.
The manufacturing unit of the company is situated in Sarali Road Village - Pithai, Taluka- Kathalal, Kheda. The unit is spread over a total land area of approximately 7790 sq. mts with a total install capacity of 5520 metric tons. The manufacturing facility is accredited with ISO 9001:2015 certifications for quality management systems.
Lead Reclaim focuses highly on:
- Saving valuable natural resources by way of recycling; and
- Helping our customers fulfill their circularity aspirations through the use of our reclaimed rubber products
The product diversification of the company allows it to fulfill the requirements of varied customers. Their product range varies in grades, thickness, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.
Lead Reclaim and Rubber Products to deliver its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers.
Company Promoters
Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel and Diksha PatelIPO Details
| IPO Opening Date | Feb 09, 2023 |
| IPO Closing Date | Feb 13, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.88 Cr |
| Fresh Issue | ₹4.88 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.37x | 2.83x | 2.10x | |
| Day 2 | - | - | 2.18x | 6.39x | 4.28x | |
| Day 3 | - | - | 87.56x | 64.41x | 75.98x |
IPO Tentative Timetable
The Lead Reclaim and Rubber Products Limited IPO open date is Feb 09, 2023, and the close date is Feb 13, 2023. The issue may list on Feb 21, 2023.
| IPO Open Date | Feb 09, 2023 |
| IPO Close Date | Feb 13, 2023 |
| Basis of Allotment Date | Feb 16, 2023 |
| Initiation of Refunds | Feb 17, 2023 |
| Credit of Shares to Demat Account | Feb 20, 2023 |
| IPO Listing Date | Feb 21, 2023 |
IPO Lot Size
The Lead Reclaim and Rubber Products Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150000 |
| Maximum | 1 | 6000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 532.45 | 483.67 | 36.36 |
| 31-Mar-21 | 594.88 | 706.26 | 22.74 |
| 31-Mar-22 | 704.32 | 1036.93 | 47.87 |
| 30-Sep-22 | 994.65 | 498.99 | 35.55 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- Purchase of plant and machinery for augmenting our Manufacturing Facility; and
- General corporate purposes
Lead Reclaim and Rubber Products Limited IPO Registrar:
Bigshare Services Pvt Ltd
Lead Reclaim and Rubber Products Limited IPO Lead Manager(s):
Fedex Securities Limited
Company Contact Information:
Lead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej, Bypass Road,
Bharuch-392001
