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Lead Reclaim and Rubber Products IPO GMP, Price, Dates & Allotment Details 2023

Lead Reclaim and Rubber Products IPO GMP, Price, Dates & Allotment Details 2023

Lead Reclaim and Rubber Products IPO will open on February 9 and close on February 13, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 4.88 crore through this public offering, consisting of 1,950,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 25 per share.

The company, which was incorporated in 2012, produces recovered rubber, crumb rubber powder, and rubber granules. Its product portfolio offers a diversified range of products that include a variety of grades, thicknesses, widths, and standards for various grades of whole-tyre reclaimed rubber, butyl reclaimed rubber, and natural reclaimed rubber.

The company focuses on

  • Recycling conserves important natural resources, and
  • Helping customers fulfill their circularity aspirations through the use of rubber products

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Funding our working capital requirements;
  2. Purchase of plant and machinery for augmenting our Manufacturing Facility; and
  3. General corporate purposes

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth555.63289.5740.2017.47
Total Assets994.65704.32594.88532.45
Total Borrowing271.38269.30394.67377.25
Total Revenue498.991036.93706.26483.67
Profit After Tax35.5547.8727.7436.36
(Amount in ₹ Lakhs)

Lead Reclaim and Rubber Products IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 1,950,000 shares of face value of ₹ 10 each, aggregating up to ₹ 4.88 crore.

Issue TypeFixed Price Issue IPO
IPO Price₹ 25 per share
Face Value₹ 10 per share
Market Lot6,000 shares
Issue Size1,950,000 shares of ₹ 10  (Aggregating up to ₹ 4.88 Crore)
Fresh Issue1,950,000 shares of ₹ 10  (Aggregating up to ₹ 4.88 Crore)
Listing AtNSE SME
PromotersMr. Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel,
Rekhaben Patel, Sadhana Patel, and Diksha Patel

GMP – Lead Reclaim and Rubber Products IPO

Lead Reclaim and Rubber Products IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates

Lead Reclaim and Rubber Products IPO opens on February 9 and closes on February 13, 2023.

Opening DateFebruary 9, 2023
Closing DateFebruary 13, 2023
Basis of AllotmentFebruary 16, 2023
Initiation of RefundsFebruary 17, 2023
Credit of shares to Demat A/cFebruary 20, 2023
Listing DateFebruary 21, 2023

Lot Size – Lead Reclaim and Rubber Products IPO

The lot size of the Lead Reclaim and Rubber Products IPO is 6,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 6,000 shares of  ₹ 150,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)16,000₹ 150,000
Retail (Maximum)16,000₹ 150,000
HNI (Minimum)212,000₹ 300,000

Promoters Holdings

Pre-issue Shares Holdings86.48%
Post-issue Shares Holdings

SWOT Analysis – Lead Reclaim and Rubber Products IPO

STRENGTHSWEAKNESSES
1. In-house manufacturing facility supported by technology driven process.
2. Diversified customer base and long-standing relationship with customers.
3. Experienced Promoter Directors with extensive domain knowledge.
4. Locational advantage.
5. A Strict quality control mechanism ensures standardized product quality.
1. The company’s top 10 customers contribute more than 90% of revenues. Any loss of business from one or more of them may adversely affect our revenues and profitability.
OPPORTUNITIESTHREATS
1. Increasing capability to manufacture reclaimed rubber from radial and tubeless tyre.
2. Augmenting growth in domestic and international markets.

1. Changes in technologies.
2. Change in Government Policies.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationLead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chinese Hut Hotel, Dahej, Bypass Road, Bharuch-392001
Phone: +91 73590 10333
Email: [email protected]
Website: http://www.leadreclaim.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Manager(s)Fedex Securities Limited

FAQ’s

The Lead Reclaim and Rubber Products IPO price is ₹ 25  per share

One lot of Lead Reclaim and Rubber Products IPO contains 6,000 shares of ₹ 150,000.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Lead Reclaim and Rubber Products IPO will be done on February 16, 2023, and the allotted shares will be credited to your demat account by February 20, 2023.  Check the Lead Reclaim and Rubber Products IPO allotment status.

The Lead Reclaim and Rubber Products IPO shares listing date is February 21, 2023.

Click here for more FAQs.

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