Organic Recycling Systems Limited was incorporated in 2008. It is an engineering company offering sustainable waste management solutions. The company generates revenue via three business verticals, including the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the supply of key equipment.
In addition, the services offered by the company revolve around EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more.
The dry waste recycling possesses the potential to generate ~₹11,836 crores per annum, as per the analysis by the Ministry of Housing and Urban Affairs (MoHUA). The company has significant exposure toward solid waste management (SWM), where the government is showcasing ample interest with the launch of schemes like SWM Rules 2016, Biomedical Waste Management Rules 2016, Plastic Waste Management 2016, etc. This will likely open the gate for business growth in solid waste management over the long term.
Organic Recycling Systems Limited IPO Details
Organic Recycling Systems Limited IPO Date
Organic Recycling Systems Limited IPO is a 100% fresh issue IPO of ₹50.00 Cr aggregating up to 25,00,200 shares. Organic Recycling Systems Limited’s IPO will be listed on the BSE SME and NSE exchanges on October 05, 2023.
Organic Recycling Systems Limited IPO Price Band
The price of the IPO has been fixed at ₹200 per share.
Organic Recycling Systems Limited IPO Lot Size
The Organic Recycling Systems Limited IPO lot size is 600 shares, and the minimum investment will be ₹1,20,000.
Organic Recycling Systems Limited IPO Objectives
The objectives of Organic Recycling Systems Limited IPO are listed below:
- For repayment of debt.
- For general corporate purposes and issue expenses.
Peer Details
As per DRHP, there are no listed companies in India that are involved in a similar business to that of Hi-Green Carbon.
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Contact Details of Hi-Green Carbon Limited IPO
- Registered office: G-557, Lodhika Industrial Estate, Metoda, G.I.D.C. Gate No. 3, Metoda, Lodhika Rajkot - 360021, Gujarat, India.
- Phone: +919227574010
- E-mail:compliance@higreencarbon.com
Hi-Green Carbon Ltd. Company Financials
| Financial year | FY23 (₹ in lakh) | FY22 (₹ in lakh) |
|---|---|---|
| Revenue from operations | 7,852.41 | 5,110.69 |
| Profit After Tax | 1,084.78 | 367.95 |
| Net Worth | 2,259.02 | 1,174.23 |
| Earnings Per Share | 5.71 | 1.94 |
| Total Borrowings | 1,362.19 | 1,586.70 |
Know before investing
Strengths
2The company's manufacturing plant is strategically connected to national highways, offering logistical advantages for cost-effective transportation of materials and products. Their manufactured fuel oil is supplied to nearby ceramic, cement, and textile manufacturing units, providing them with a ready market.
The company's manufacturing plant uses a continuous pyrolysis process, which is entirely automatic and requires minimal human involvement.
Risks
2The company depends on certain customers for their sales. The top 10 customers contributed about 63.87%, 57.91% and 53.63% of the sales in FY 2023, FY 2022 and FY 2021, respectively. Losing these customers can affect the revenue of the company.
The revenue of the company is dependent on the Rajasthan manufacturing unit. Any adverse happenings in the manufacturing unit's operation can impact the company's revenue.
