Horizon Reclaim (India) IPO is a book-built issue IPO aiming to raise ₹54.27 crore. The issue consists entirely of a fresh issue of 52.69 lakh equity shares aggregating to ₹54.27 crore. The bidding window was open from June 12, 2026, to June 16, 2026, with the IPO allotment expected to be finalised on June 17, 2026. Horizon Reclaim (India) is scheduled to list on the BSE SME platform on June 19, 2026.
The IPO was priced at ₹98-₹103 per share with a lot size of 1,200 shares. The public issue received bids for 1,06,56,07,200 shares against 35,04,000 shares available, resulting in an overall subscription of 304.11 times. NIIs led the response, subscribing 450.74 times their quota, followed by retail investors at 308.30 times.
Horizon Reclaim (India)'s ₹54.27 crore IPO, priced at ₹98-₹103 per share, was subscribed 304.11 times overall. The IPO comprises a fresh issue of 52.69 lakh equity shares aggregating to ₹54.27 crore.
Bidding took place from June 12 to June 16, 2026, with the Horizon Reclaim (India) IPO allotment status expected on June 17, 2026. Retail investors subscribed 308.30 times, and NIIs subscribed 450.74 times, while the listing is expected on June 19, 2026.
The table below breaks down the Horizon Reclaim (India) IPO share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 2502000 |
| − Anchor Investor Shares Offered | 1501200 |
| − QIB (Ex. Anchor) Shares Offered | 1000800 |
| NII (HNI) Shares Offered | 751200 |
| − bNII > ₹10L | 500400 |
| − sNII < ₹10L | 250800 |
| Retail Shares Offered | 1752000 |
| Market Maker Shares Offered | 264000 |
| Total Shares Offered | 5269200 |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 186.72 |
| Non-Institutional Investors (NII) | 450.74 |
| Retail Individual Investors (RII) | 308.3 |
| Total Shares | 304.11 |
Note: The subscription details are as of June 16, 2026
Incorporated in 2006, Horizon Reclaim (India) Ltd. is engaged in the manufacturing of reclaimed rubber, which is produced by recycling used rubber materials such as old tyres, rubber tubes, tread peelings and industrial rubber scrap. The company operates in the recycling and rubber processing industry, converting waste rubber into reusable raw materials for industrial applications.
The company offers a diversified product portfolio comprising Natural Rubber Reclaim, Synthetic Rubber Reclaim and Crumb Rubber. Natural Rubber Reclaim is manufactured from tyre casings and tubes and is used in products such as footwear soles, floor mats, tyre base layers and moulded rubber goods. Synthetic Rubber Reclaim includes EPDM and Butyl rubber grades used in automotive seals, hoses, gaskets and construction profiles.
Crumb Rubber is manufactured from recycled tyres and finds applications in road construction, sports surfaces and roofing sheets. The company supplies products in multiple grades tailored to customer requirements. Its sales are primarily business-to-business, serving small and medium enterprises and industrial customers, particularly in the north-western region of India.
Horizon Reclaim (India) benefits from an in-house manufacturing facility supported by technology-driven processes, a diversified customer base and long-standing customer relationships. The company is led by experienced promoter directors, Mr Mohit Bajaj and Ms Malika Bajaj, and maintains stringent quality control standards to ensure consistent product quality across its range of reclaimed rubber products.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 17, 2026, 6:41 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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