Baheti Recycling Industries Limited IPO GMP, Review, Price, Allotment
Baheti Recycling Industries Limited ipo details, Baheti Recycling Industries Limited ipo gmp, review Baheti Recycling Industries Limited ipo, grey market premium Baheti Recycling Industries Limited
Baheti Recycling Industries Limited is an aluminium recycling company that was incorporated in 1994. The company’s key focus is processing metal scrap made of aluminium to create (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys which come in the form of cubes, ingots, shots, and notch bars.
The company is also engaged in the trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap, etc.
Baheti Recycling Industries’ manufacturing unit is situated at Dehgam in Gandhinagar, Gujarat. The unit has a 12,000 MT capacity for processing aluminium scrap.
Baheti Recycling Industries Limited products:
Primarily engaged in processing aluminium based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
Stengths:
- In-house manufacturing facility that uses cutting-edge technology
- Quality control mechanism is incredibly rigorous, so you can be confident in the standardized quality of products.
- Diverse client base and longstanding relationships with customers
- Strong and diverse group of suppliers who provide raw materials
- Experienced promoters are supported by a dedicated management team
Baheti Recycling Industries Limited IPO Important Dates:
| Opening Date | 28 November 2022 |
| Closing Date | 30 November 2022 |
| Basis of Allotment | 05 December 2022 |
| Initiation of refunds | 06 December 2022 |
| Transfer of shares to demat accounts | 07 December 2022 |
| Listing Date | 08 December 2022 |
Baheti Recycling Industries Limited IPO Details
| Baheti Recycling Industries Limited IPO Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Minimum Amount for 1 lot | ₹1,35,000 |
| Total IPO size | ₹12.42 crore |
| Offer for Sale | 2,760,000 shares |
| Listing At | NSE SME |
| Retail Quota | 50% |
| QIB Quota | – |
| NII Quota | – |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objects of the Issue:
- Modernization and expansion of existing manufacturing unit.
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Company Financials:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4535.09 | 10595.84 | 19.19 | 1033.23 | 658 | 3118.89 |
| 31-Mar-21 | 6301 | 12780.02 | 47.78 | 1081.02 | 706.02 | 3789.61 |
| 31-Mar-22 | 8190.39 | 24926.06 | 291.98 | 1669.51 | 1213 | 5074.81 |
| 31-May-22 | 7939.48 | 5757 | 57.36 | 1726.87 | 1270.36 | 4536.31 |
IPO Valuation – FY2022:
| Earning Per Share (EPS): | ₹3.84 per Equity Share |
| Price/Earning P/E Ratio: | 11.72 |
| Return on Net Worth (RoNW): | 17.49% |
| Net Asset Value (NAV): | ₹21.94 per Equity Share |
Peer Group:
- Arfin India Limited
- Nupur Recyclers Limited
Company Promoters:
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
IPO Registrar:
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Company Contact Information:
Contact Person: Mrs. Mansi Harsh Darji, Company Secretary & Compliance Officer
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: info@bahetiindustries.com
Website: https://www.bahetiindustries.com/
AMBO Agritec Offer Lead Manager:
Hem Securities Limited
904, A wing, 9th Floor,
Naman Midtown, Senapati bapat marg,
Elphinstone road, Lower Parel, Mumbai 400 013
Website: https://www.hemsecurities.com
Email: ipoinfo@hemonline.com
Phone: +91 22 49060000
Baheti Recycling Industries Limited IPO GMP today
| Baheti Recycling Industries Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹35 | ₹80,000/- | 78% |
Baheti Recycling Industries Limited IPO Review:
| What our experts say about Baheti Recycling Industries Limited IPO | Apply |
Baheti Recycling Industries Limited IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 259.21 |
| Retail Investors | 435.65 |
| Employees | – |
| Others | – |
| Total | 347.53 |
Baheti Recycling Industries Limited IPO Subscription Details (times):
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Nov 28, 2022 | 3.50 | 17.39 | 10.45 |
| Day 2 Nov 29, 2022 | 19.15 | 102.10 | 60.67 |
| Day 3 Nov 30, 2022 | 259.21 | 435.65 | 347.53 |
Baheti Recycling Industries Limited IPO Allotment Status:
| Check Baheti Recycling Industries Limited IPO Allotment Status | Click Here |
Baheti Recycling Industries Limited IPO Listing Price:
| IPO Price Band | ₹45 |
| Open | ₹120.00 |
| Low | ₹114.00 |
| High | ₹126.00 |
| Close | ₹114.00 |
FAQ:
When will Baheti Recycling Industries Limited IPO open for subscription?
Baheti Recycling Industries Limited IPO is set to open on 28 November 2022.
What is Baheti Recycling Industries Limited IPO Price Band?
Baheti Recycling Industries Limited IPO Price Band is ₹45 per share.
What is the lot size of Baheti Recycling Industries Limited IPO?
Lot size of Baheti Recycling Industries Limited IPO is 3000 Shares per lot.
What is the issue size of Baheti Recycling Industries Limited IPO?
Baheti Recycling Industries Limited IPO issue size is ₹12.42 crore.
What is the last date to apply for Baheti Recycling Industries Limited IPO?
Last date to apply Baheti Recycling Industries Limited IPO is 30 November 2022.
What is the Baheti Recycling Industries Limited IPO Allotment Date?
Allotment Date for Baheti Recycling Industries Limited IPO is 05 December 2022.
What is the Baheti Recycling Industries Limited IPO listing date?
Listing Date for Baheti Recycling Industries Limited IPO is 08 December 2022.
Baheti Recycling Industries Limited IPO should I buy?
No, you should avoid Baheti Recycling Industries Limited IPO.
How to apply the Baheti Recycling Industries Limited IPO through 5 Paisa?
- Login to your 5paisa account and select “Baheti Recycling Industries Limited IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
