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 its DRHP, Organic Recycling Systems Limited has no listed peers.
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Contact Details of Organic Recycling Systems Limited
Registered office: Office No. 1003, 10th Floor, The Affaires Plot No. 9, Sector-17, Sanpada, Navi Mumbai- 400705.
Phone: 022-41702222
E-mail:cs@organicrecycling.co.in
Organic Recycling Systems Company Financials
| Financial year | FY23 (₹ in lakh) | FY22 (₹ in lakh) |
|---|---|---|
| Total Income | 2,534.10 | 1,756.67 |
| Profit After Tax (PAT) | 365.38 | -535.03 |
| Assets | 11,931.10 | 10,669.35 |
| Total Borrowings | 6,981.41 | 5,418.38 |
Know before investing
Strengths
3The business has established technology and capabilities, and it is a pioneer in India's introduction of the thermophilic anaerobic biomethanation technique for managing municipal solid waste.
The company’s business is expanded into multiple verticals, helping the business to drive revenue growth.
Looking forward, the company will continue to bid for direct EPC opportunities via public tenders floated by PSUs mandated to set up MSW to CBG projects under Sustainable Alternative Towards Affordable Transportation (SATAT) Guidelines.
Risks
3The company anticipates generating negative cash flow in the future, which could increase the debt profile of the business.
The business depends on a limited number of customers for a significant portion of its revenue. Hence, the loss of any of its major customers could impact the operational performance of the business.
The company, its subsidiaries, directors and promotes are facing legal proceedings. Any unfavourable judgement may impact the operational and financial performance.
