Select Page

Baheti Recycling Industries IPO Detail

Baheti Recycling Industries IPO Detail

Baheti Recycling Industries IPO opens on November 28 and closes on November 30, 2022. According to the DRHP filed by the company with SEBI, IPO containing fresh issue 27,60,000 shares of ₹ 10 each aggregating up to worth ₹ 12.42 crores.

Baheti Recycling Industries Ltd., an aluminium recycling business founded in 1994, specialises in manufacturing products by processing waste metal made of aluminium.

  • Ingots of aluminium alloys
  • As well as cubes, ingots, shots, and notch bars of aluminium de-ox alloys are available.

Additionally, he trades scrap materials including scraps of aluminium, brass, copper, zinc, and other metals.

The manufacturing facility of Baheti Recycling Industries is located in Dehgam (Gandhinagar, Gujarat) and has an installed capacity of 12,000 MT for processing aluminium scrap.

Baheti Recycling Industries IPO – Noteworthy Highlights

  • 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 sells our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.

Objects of the Issue

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

  • Modernization and expansion of existing manufacturing units.
  • To meet Working Capital requirements.
  • General Corporate Purpose.

Financial Highlights (Restated)

ParticularsPeriod ended on May 31, 2022FY 2021-22FY 2020-21FY 2019-20
Total Assets7939819063014535
Net Worth1727167010811033
Total Revenue5757249261278010596
Profit After Tax572924819
Total Borrowing4536507537903119
(₹ in Crore)

ALSO READ

HDFC Bank Share Price Target 2023, 2025, 2027 and 2030

If we analyze the 52 week performance of stock it touches highest to Rs 1702.05 and lower to Rs 1271.75. It is expected that this stock will reach Rs 1643.126 by the end of 2023. As per the technical forecasting methodology, READ MORE

Baheti Recycling Industries IPO – Details

According to the DRHP filed by the company with SEBI, the IPO contained fresh issue 27,60,000 shares of ₹ 10 each aggregating up to worth ₹ 12.42 crores.

Issue TypeFixed Price Issue IPO
IPO Price₹ 45 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size27,60,000 shares of ₹ 10 (Aggregating up to ₹ 12.42 Crore)
Fresh Issue27,60,000 shares of ₹ 10 (Aggregating up to ₹ 12.42 Crore)
Retail Shares Offered50% of the Net Offer
Market MakerHem Finlease Pvt Ltd
Listing AtNSE SME
PromotersMr. Shankerlal Bansilal Shah

Important Date – Baheti Recycling Industries IPO

IPO Opening onNov 28, 2022
IPO Closing onNov 30, 2022
Basis of Allotment Publication DateDec 5, 2022
Initiation of RefundDec 6, 2022
Credit of the Shares to Demat AccountDec 7, 2022
IPO listingDec 8, 2022

Lot Size – Baheti Recycling Industries IPO

ApplicationsLotsSharesAmount
Retail (Min)13,000₹ 1,35,000
Retail (Max)13,000₹ 1,35,000

Promoter Holding – Baheti Recycling Industries IPO

Pre issue shareholding94.98%
Post issue shareholding73.37%

SWOT Analysis – Baheti Recycling Industries IPO

STRENGTH

  1. In-house manufacturing facility supported by technology driven process
  2. Stringent quality control mechanism ensuring standardized product quality
  3. Diversified Client Base and long standing relationship with customers
  4. Strong and diversified supplier base for sourcing raw material
  5. Experienced Promoter supported by dedicated Management team

WEAKNESS

  1. Company, Promoter and its Directors are involved in certain legal proceedings.
  2. The major portion of company revenues has been dependent upon few customers. For instance, company top five customers for the F.Y. ended March 31, 2022 and March 31, 2021 accounted for 60.94% and 51.76% of its revenue from operations for the respective year.

OPPORTUNITY

  1. The aluminium recycling industry has some excellent potential. Aluminium recycling business is always in demand in the market. This means its profit margin is also very high. As we all know that in today’s time there is no such home that does not use any product or box made of or related to aluminium. Whether it is any food or drinking can or electrical item used in the house, today aluminium has taken hold in every product.

THREAT

  1. Competition from organized and unorganized players in the market.
  2. Changing technologies.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationBaheti Recycling Industries Limited
A-2/3, L.R. Apartments,
Opp. Police Commissioner Office,
Shahibaug Ahmedabad – 380 004, Gujarat,
Phone: +91-79-25627681/82
Email: [email protected]
Website: https://www.bahetiindustries.com/
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: http://www.purvashare.com
IPO Lead Manager(s)Hem Securities Limited

FAQ’s

One lot of Baheti Recycling Industries IPO contains 3,000 shares.

The minimum investment size is one lot for retail investors.

The finalization of Basis of Allotment for Baheti Recycling Industries IPO will be done on December 5, 2022, and the allotted shares will be credited to your demat account by December 7, 2022. Check the Baheti Recycling Industries IPO allotment status.

The Baheti Recycling Industries IPO shares listing date is December 8, 2022.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT

No comments to show.