Nupur Recyclers Limited IPO Detail
Nupur Recyclers is engaged in metal scrap processing & recycling. The company is involved in the importing, manufacturing, and trading of non-ferrous metal scraps such as shredded zinc scrap, zinc die cast scrap, zurik ss scrap, and aluminium zorba grades. The company acts as an intermediary in the metals scrap supply chain where they import scrap metals from various suppliers and supply the same to customers in the Metal Business.
The company has also added two new verticals of installation of charging stations in the Delhi NCR Region in collaboration with EVi Tech. Its also extracts Lithium-Ion, Cobalt, and Black Mass from the used mobile phone batteries and processes them to be used in refurbishments. The company derives the majority of its revenue from Zurik products.
Competitive Strengths:
- Positive cash flow of the company ·
- Excellent network management & logistics
- Experienced and professional team
Company Promoters
Mr. Rajesh Gupta and Mr. Anoop GargExpected Gray Market Premium(GMP):
| GMP | Kostak | Subject |
|---|---|---|
| - | - | - |
IPO Details
| IPO Opening Date | Dec 13, 2021 |
| IPO Closing Date | Dec 15, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹34.20 Cr |
| Fresh Issue | ₹34.20 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 9.08x | 6.40x | 7.74x | |
| Day 2 | - | - | 53.12x | 34.23x | 43.67x |
IPO Tentative Timetable
The Nupur Recyclers Limited IPO open date is Dec 13, 2021, and the close date is Dec 15, 2021. The issue may list on TBA.
| IPO Open Date | Dec 13, 2021 |
| IPO Close Date | Dec 15, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | TBA |
IPO Lot Size
The Nupur Recyclers Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120000 |
| Maximum | 1 | 2000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.90% |
| Post Issue Share Holding | 72.52% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-21 | 33.07 | 39.35 | 6.64 |
| 31-Mar-21 | 25.20 | 104.97 | 10.00 |
| 31-Mar-20 | 9.37 | 13.21 | 0.032 |
| 31-Mar-19 | 2.85 | 0.90 | 0.011 |
Objects of the Issue:
- To meet out the working capital requirements of the company;
- To meet out the general corporate purposes; and
- To meet out the issue expenses.
Nupur Recyclers Limited IPO Registrar:
Skyline Financial Services Private Ltd
Nupur Recyclers Limited IPO Lead Manager(s):
Corporate CapitalVentures Pvt Ltd
