Baheti Recycling Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Nov 2022

Close Date

30 Nov 2022

Allotment

05 Dec 2022

Listing Date

08 Dec 2022

Exchange

NSE SME

Price Band

₹45

Listing Price

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Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

27,60,000 shares (aggregating up to ₹12.42 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

76,08,530 shares

Promoters

Post-IPO Holding

1,03,68,530 shares

Promoters

P/E (Pre)

13.55x

UPI Deadline

2022-11-30

Mandate

Anchor AllotmentSun, 27 Nov 2022

Basis of AllotmentMon, 05 Dec 2022

Refund InitiationTue, 06 Dec 2022

Demat CreditWed, 07 Dec 2022

Listing DayThu, 08 Dec 2022

UPI Mandate Deadline2022-11-30

Sale TypeFresh Capital

Net Offer to Public26,13,000 shares (aggregating up to ₹11.76 Cr)

Market Maker Quota1,47,000 shares (aggregating up to ₹0.6615 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Baheti Recycling Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Nov 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	147,000	—	₹0.66
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,760,000	100%	₹12.42

IPO Shares Offered

Baheti Recycling Industries Ltd. IPO total issue size: ₹12.42 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	147,000	₹0.66	5.33%
Total	2,760,000	₹12.42	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

27 Nov 2022

✓ Done

IPO Open

28 Nov 2022

✓ Done

IPO Close

30 Nov 2022

✓ Done

Allotment

05 Dec 2022

✓ Done

Refunds

06 Dec 2022

✓ Done

Demat Credit

07 Dec 2022

✓ Done

Listing Day

08 Dec 2022

✓ Done

₹45.00

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Issue ₹45.00 Live Price

About Baheti Recycling Industries Ltd.

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.

Objects of the Issue

1 Modernization and expansion of existing manufacturing unit

2 To meet Working Capital requirements

3 General Corporate Purpose

Baheti Recycling Industries Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹24,926.1

31-Mar-22

₹12,780.0

31-Mar-21

₹10,595.8

31-Mar-20

Profit After Tax (PAT)

₹292.0

31-Mar-22

₹47.8

31-Mar-21

₹19.2

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	10595.84	12780.02	24926.06
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	19.19	47.78	291.98
Net Worth	1033.23	1081.02	1669.51
Total Assets	4535.09	6301.00	8190.39
Reserves & Surplus	658.00	706.02	1213.00
Borrowings	3118.89	3789.61	5074.81
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered27,60,000 (100.00%)

Net Offer to Public26,13,000 shares (aggregating up to ₹11.76 Cr)

Reserved for Market Maker1,47,000 shares (aggregating up to ₹0.6615 Cr)

Pre-Issue Promoter Holding76,08,530 shares

Post-Issue Promoter Holding1,03,68,530 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query

Check Allotment

Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Baheti Recycling Industries Ltd. IPO subscribed? ▲

Baheti Recycling Industries Ltd. IPO is subscribed 1.00 times by Nov 30, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Baheti Recycling Industries Ltd. IPO retail subscription status? ▼

The Baheti Recycling Industries Ltd. IPO retail category is subscribed 1.00 times as of 30 Nov 2022. The retail portion is oversubscribed.

How to subscribe Baheti Recycling Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Nov 2022 and closes 30 Nov 2022. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2022-11-30.

How many times Baheti Recycling Industries Ltd. IPO subscribed? ▼

The Baheti Recycling Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Baheti Recycling Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd.) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Dec 2022. Refunds: on 06 Dec 2022.

When Baheti Recycling Industries Ltd. IPO will be listed? ▼

The Baheti Recycling Industries Ltd. IPO listing date is 08 Dec 2022, Thursday. Listed on: NSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Baheti Recycling Industries Ltd. IPO close? ▼

The Baheti Recycling Industries Ltd. IPO closes on 30 Nov 2022, Wednesday. UPI mandate: 2022-11-30. Allotment: 05 Dec 2022. Listing: 08 Dec 2022.

Quick Actions

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Live Price LIVE

Last Price₹45.00

Change—

Issue Price₹45.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date28 Nov 2022

Close Date30 Nov 2022

Allotment05 Dec 2022

Listing Date08 Dec 2022

ExchangeNSE SME

UPI Deadline2022-11-30