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)
| Particulars | Period ended on May 31, 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Total Assets | 7939 | 8190 | 6301 | 4535 |
| Net Worth | 1727 | 1670 | 1081 | 1033 |
| Total Revenue | 5757 | 24926 | 12780 | 10596 |
| Profit After Tax | 57 | 292 | 48 | 19 |
| Total Borrowing | 4536 | 5075 | 3790 | 3119 |
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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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 45 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 27,60,000 shares of ₹ 10 (Aggregating up to ₹ 12.42 Crore) |
| Fresh Issue | 27,60,000 shares of ₹ 10 (Aggregating up to ₹ 12.42 Crore) |
| Retail Shares Offered | 50% of the Net Offer |
| Market Maker | Hem Finlease Pvt Ltd |
| Listing At | NSE SME |
| Promoters | Mr. Shankerlal Bansilal Shah |
Important Date – Baheti Recycling Industries IPO
| IPO Opening on | Nov 28, 2022 |
| IPO Closing on | Nov 30, 2022 |
| Basis of Allotment Publication Date | Dec 5, 2022 |
| Initiation of Refund | Dec 6, 2022 |
| Credit of the Shares to Demat Account | Dec 7, 2022 |
| IPO listing | Dec 8, 2022 |
Lot Size – Baheti Recycling Industries IPO
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹ 1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹ 1,35,000 |
Promoter Holding – Baheti Recycling Industries IPO
| Pre issue shareholding | 94.98% |
| Post issue shareholding | 73.37% |
SWOT Analysis – Baheti Recycling Industries IPO
STRENGTH
- In-house manufacturing facility supported by technology driven process
- Stringent quality control mechanism ensuring standardized product quality
- Diversified Client Base and long standing relationship with customers
- Strong and diversified supplier base for sourcing raw material
- Experienced Promoter supported by dedicated Management team
WEAKNESS
- Company, Promoter and its Directors are involved in certain legal proceedings.
- 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
- 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
- Competition from organized and unorganized players in the market.
- Changing technologies.
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Baheti 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 Registrar | Purva 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
What will be the Baheti Recycling Industries IPO lot size?
One lot of Baheti Recycling Industries IPO contains 3,000 shares.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Baheti Recycling Industries IPO allotment be available?
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.
When will Baheti Recycling Industries IPO list on exchanges?
The Baheti Recycling Industries IPO shares listing date is December 8, 2022.
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