IPO Details
Bidding Dates
21 Sep '23 - 26 Sep '23
Minimum Investment
₹120,000 / 1 Lots ( 600 Shares )
Price Range
₹200
Maximum Investment
₹120,000 / 1 Lots ( 600 Shares )
Retail Discount
Not Applicable
Issue Size
₹50.00 cr
Investor category and sub category
Retail Investors |Organic Recycling Systems IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 21, 2023
IPO Closing Date
Sep 26, 2023
Basis of Allotment
Sep 29, 2023
Initiation of Refunds
Oct 3, 2023
Credit of Shares to Demat
Oct 4, 2023
IPO Listing Date
Oct 5, 2023
UPI mandate confirmation
Sep 26, 2023
Organic Recycling Systems IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Sep 21, 2023 |
0.85 | 0.17 | 0.51 |
Day 2Sep 22, 2023 |
1.59 | 0.38 | 0.99 |
Day 3Sep 25, 2023 |
1.97 | 1.09 | 1.53 |
Day 4Sep 26, 2023 |
4.28 | 2.18 | 3.23 |
Organic Recycling Systems IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 4.28 |
| Retail Investors | 2.18 |
| Total | 3.23 |
About Organic Recycling Systems Ltd.
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.
How To Check the Allotment Status of the Organic Recycling Systems Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
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) | FY21 (₹ in lakh) |
|---|---|---|---|
| Total Income | 2,534.10 | 1,756.67 | 1,578.18 |
| Profit After Tax (PAT) | 365.38 | -535.03 | -449.37 |
| Assets | 11,931.10 | 10,669.35 | 10,272.69 |
| Total Borrowings | 6,981.41 | 5,418.38 | 5,449.89 |
Know before investing
Strengths
3-
The 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.
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The company’s business is expanded into multiple verticals, helping the business to drive revenue growth.
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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
3-
The company anticipates generating negative cash flow in the future, which could increase the debt profile of the business.
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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.
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The company, its subsidiaries, directors and promotes are facing legal proceedings. Any unfavourable judgement may impact the operational and financial performance.
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Organic Recycling Systems IPO FAQs
Organic Recycling Systems Limited IPO is a 100% fresh issue IPO of ₹50.00 crore aggregating up to 25,00,200 shares. It is a fixed-price issue IPO.
The Basis of Allotment will be on September 29, 2023.
The IPO subscription window will open on September 21, 2023.
Retail investors can apply for a minimum of one lot containing 600 shares.
Organic Recycling Systems Limited IPO will be listed on BSE SME. The date of listing is October 05, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
