June 16, 2026: Horizon Reclaim India IPO closes for subscription today, with investors making their final bids for the SME issue that has already witnessed strong demand from retail and non-institutional investors.

 

Author: Aditya Pareek | EQMint | IPO News

 

The company is looking to raise ₹54.27 crore through a fresh issue of 52.69 lakh shares at a price band of ₹98–₹103 per share. The IPO is proposed to be listed on the BSE SME platform.

 

Key IPO Figures

• Issue Size: ₹54.27 crore
• Price Band: ₹98–₹103 per share
• Face Value: ₹10 per share
• Lot Size: 1,200 shares
• Minimum Investment: ₹1.24 lakh
• IPO Closing Date: June 16, 2026
• Allotment Date (Tentative): June 17, 2026
• Listing Date (Tentative): June 19, 2026
• Exchange: BSE SME

Subscription Status (End of Day 2)

The IPO was subscribed approximately 23 times overall by the end of Day 2.

• Retail Investors (RII): 27.37x
• Non-Institutional Investors (NII): 43.47x
• QIB Category: 0.01x
• Overall Subscription: 23.00x

Strong participation from retail and HNI investors has been the key driver behind the robust subscription numbers.

 

GMP Watch

According to market observers, the IPO was commanding a Grey Market Premium (GMP) of around ₹57, indicating a potential listing gain of over 55% over the upper price band of ₹103 per share.

 

EQMint Analysis

Horizon Reclaim India has emerged as one of the strongest-performing SME IPOs currently open for subscription.

 

The company operates in the reclaimed rubber and recycling sector, benefiting from increasing demand for sustainable industrial materials and circular economy solutions. The strong retail and HNI response suggests investors are optimistic about the company’s growth prospects and sector positioning.

 

However, investors should remember that SME stocks can witness significant volatility post listing. While subscription levels and GMP indicate strong sentiment, long-term performance will depend on business execution, earnings growth and industry demand.

 

Current View

Horizon Reclaim India IPO enters its final day with impressive subscription figures and a healthy GMP. The issue has already attracted significant retail and HNI interest, making it one of the most talked-about SME IPOs this month. Final subscription numbers will be closely watched, but investor sentiment remains firmly positive heading into the allotment phase.

 

June 15, 2026: Horizon Reclaim India IPO entered its second day of bidding with strong investor interest, emerging as one of the most closely watched SME issues of the month.

 

The company is looking to raise ₹54.27 crore through a fresh issue of 52.69 lakh shares at a price band of ₹98–₹103 per share. The IPO will remain open for subscription until June 16 and is proposed to be listed on the BSE SME platform.

 

Key IPO Figures

• Issue Size: ₹54.27 crore
• Price Band: ₹98–₹103 per share
• Lot Size: 1,200 shares
• Minimum Investment: ₹1.24 lakh
• IPO Closes: June 16, 2026
• Tentative Listing: June 19, 2026

Subscription Status (Day 2)

By the end of Day 2, the IPO had been subscribed approximately 23 times overall, reflecting strong demand across investor categories.

• Retail Investors (RII): 27.37x
• Non-Institutional Investors (NII): 43.47x
• QIB Category: 0.01x
• Overall Subscription: 23.00x

The strong participation from retail and HNI investors has been the standout feature of the issue so far.

 

GMP Watch

Grey market sources indicate a GMP of around ₹57, suggesting positive listing expectations among market participants.

 

EQMint Analysis

Horizon Reclaim India operates in the recycling and reclaimed rubber segment, a sector benefiting from growing sustainability initiatives and increasing demand for recycled industrial materials.

 

The strong Day 2 subscription numbers indicate healthy investor confidence, particularly from retail and HNI investors. The sustainability theme, coupled with the company’s growth profile, has helped attract attention despite broader market volatility.

 

Current View

Horizon Reclaim India IPO continues to witness strong momentum on Day 2. Robust retail participation, heavy HNI demand and a healthy GMP indicate positive sentiment toward the issue. Investors will now watch whether the company can maintain this momentum into the final day and translate strong subscription figures into a successful market debut.

 

June 12, 2026: Horizon Reclaim India IPO opened for subscription today, offering investors an opportunity to participate in a company engaged in the recycling and manufacturing of recycled polyester staple fibre and related products.

 

The Horizon Reclaim India IPO aims to raise ₹74.52 crore through a fresh issue and offer for sale. The company has fixed a price band of ₹147–₹155 per share, while investors can apply for a minimum lot size of 800 shares, requiring an investment of approximately ₹1.24 lakh at the upper price band.

 

Key Horizon Reclaim India IPO Details

 

• • IPO Opens: June 12, 2026

• • IPO Closes: June 16, 2026

• • Price Band: ₹147–₹155 per share

• • Issue Size: ₹74.52 crore

• • Lot Size: 800 shares

• • Listing Exchange: NSE SME

• • Tentative Allotment: June 17, 2026

• • Tentative Listing: June 19, 2026

Horizon Reclaim India operates in the recycling sector, converting PET waste into value-added products used across textile and industrial applications. The business benefits from increasing demand for sustainable and environmentally friendly manufacturing solutions.

 

EQMint Analysis

Horizon Reclaim India’s biggest strength is its exposure to the circular economy and sustainability theme.

 

As global brands and manufacturers increasingly focus on recycled materials and ESG goals, demand for recycled polyester products is expected to remain strong. The company’s business model aligns with long-term environmental trends and government initiatives promoting recycling and waste management.

 

Investors should closely monitor subscription demand, GMP movement and valuation during the bidding period. While the sustainability theme remains attractive, SME IPOs can be volatile and should be evaluated carefully.

 

Current View

Horizon Reclaim India enters the market at a time when sustainability-focused businesses are attracting growing investor attention. The recycling sector offers long-term growth potential, making this IPO one to watch during the current SME IPO cycle.

 

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Disclaimer: This article is not an investment advice and is for educational purpose only.