Horizon Reclaim (India) IPO

About Horizon Reclaim (India) IPO

The public issue of the Horizon Reclaim (India) IPO, an SME IPO, opens on Friday, June 12, 2026 and closes on Tuesday, June 16, 2026. The allotment of shares will take place on Wednesday, June 17, 2026. The credit of shares to the demat account will take place on Thursday, June 18, 2026. The initiation of refunds will take place on Thursday, June 18, 2026. The listing of shares will take place on Friday, June 19, 2026.

The offer consists of a fresh issue component. The fresh issue will include up to 0.53 crore shares of ₹54.27 crores. The total number of shares is 52,69,200 and the aggregate amount is up to ₹54.27 crores.

Horizon Reclaim (India) IPO’s price band is set at ₹98 to ₹103 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by a retail investor is ₹2,47,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,70,800.

Incorporated in 2006, Horizon Reclaim (India) is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including Ethylene Propylene Diene Monomer (EPDM), a synthetic rubber known for its excellent resistance to heat. Reclaimed rubber serves as a cost-effective and environmentally friendly alternative to natural and synthetic rubber and is widely used in the manufacture of various rubber-based products.

Objectives of Horizon Reclaim (India) IPO

• Funding the working capital requirements of the company.
• Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by the company.
• Funding capital expenditure for the installation of additional plant & machinery.
• To meet general corporate purposes.

Industry Outlook

The rubber industry in India comprises natural rubber production, synthetic rubber manufacturing, and the processing of end-of-life rubber materials into reclaimed rubber. With increasing emphasis on sustainability and circular economy practices, the reclaimed rubber segment has emerged as a critical sub-sector, contributing to resource conservation, cost savings, and environmental compliance across multiple end-user industries such as automotive, footwear, construction, and retreading. India is among the world’s top consumers of reclaimed rubber and is steadily becoming a hub for its production and export. The India Reclaimed Rubber Market Industry is expected to grow from 50 USD crores in 2024 to 120 USD crores by 2035. The India Reclaimed Rubber Market CAGR (growth rate) is expected to be around 8.284% during the forecast period (2025 - 2035).

About Horizon Reclaim (India)

Horizon Reclaim (India) offers reclaimed rubber in three main categories: (i) Natural Rubber Reclaim, produced from rubber tyre casings and tube commonly used in footwear soles, floor mats, tyre base layers, and moulded rubber products, (ii) Synthetic Rubber Reclaim, which includes EPDM and Butyl Reclaim Rubber suitable for applications requiring resistance to oil, heat, and weather, such as automotive seals, hoses, gaskets, and construction profiles and (iii) Crumb rubber made from recycle tyres and used in road construction, sport surfaces and construction materials like roofing sheets. Products are supplied in different grades depending on customer requirements.

Their sales are primarily business-to-business, targeting small and medium enterprises and industrial customers mainly in the northwestern region of India. Orders are executed promptly, with dispatch generally occurring within 3 to 5 days of receipt. Revenue is derived mainly from the sale of reclaimed rubber along with income from EPR (Extended Producer Responsibility) credits.

Strengths of Horizon Reclaim (India)

• In-house manufacturing facility supported by technology driven process.
• Diversified customer base and long-standing customer relationships.
• Experienced promoter directors with strong industry expertise.
• Stringent quality control ensuring standardized product quality.
• Location advantage.

Risks of Horizon Reclaim (India)

• Their business is capital intensive, and their inability to raise funds on acceptable terms when required could materially and adversely affect their business.
• They primarily operate on a purchase order–based model and do not have long-term contractual arrangements with their customers.
• Their company is dependent on external suppliers for their raw material requirements.
• They rely on third-party transportation providers for all of their input materials and product distribution.
• Rapid technological changes and advancements in manufacturing processes may render their existing technologies obsolete.

Source: All the financial information for listed industry peer mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2026 and stock exchange data dated May 25, 2026 to compute the corresponding financial ratios for the financial year ended March 31, 2026. The current market price and related figures are as on May 25, 2026 (as per NSE). 1. P/E figures for the peers are based on closing market prices of equity shares on NSE on May 25, 2026 divided by the Diluted EPS as at March 31, 2026. 2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 25-26 of the listed peer company. 3. Return on Net Worth (%) for listed industry peer has been computed based on the Net Profit After Tax for the year ended March 31, 2026 divided by Total Equity as on March 31, 2026. 4. NAV per share for listed peer is sourced from the Annual Reports for F.Y. 25-26 of the listed peer company.

Anchor Investor Bidding Date: June 11, 2026, Thursday

The company may, in consultation with the Book Running Lead Manager, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Offer Period shall be one Working Day prior to the Bid/Offer Opening Date.

Registrar Details
KFIN Technologies Limited
Email: horizonrec.ipo@kfintech.com
Tel.: +91 40 6716 2222

Book Running Lead Manager
GYR Capital Advisors Private Limited

Horizon Reclaim (India) Contact Details
Address: Khasra no. 9, Dehradun Road, Near Nirankari Bhawan
Village - Kumar Hera, Saharanpur, Uttar Pradesh, 247001
Email: cs@horizonreclaim.com
Phone: +91 8171000900

Business Model

The company earns its revenue through manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including Ethylene Propylene Diene Monomer (EPDM).

Horizon Reclaim (India) Growth Trajectory

Horizon Reclaim (India)’s Total Income for FY26 was ₹50.011 crores, whereas in FY25 and FY24 it was ₹36.388 crores and ₹20.436 crores, respectively.

The Profit After Tax for FY26 was ₹10.501 crores, whereas in FY25 and FY24 it was ₹7.067 crores and ₹0.711 crores, respectively.

Their EBITDA for FY26 was ₹16.321 crores, whereas in FY25 and FY24 it was ₹10.463 crores and ₹1.169 crores, respectively.

Horizon Reclaim (India) Market Position

The company has obtained several certifications supporting quality, safety, and environmental compliance, including ISO 9001:2015 for Quality Management System, ISO 45001:2018 for Occupational Health and Safety Management System, and ISO 14001:2015 for Environmental Management System. They also comply with the Restriction of Hazardous Substances (RoHS) requirements.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹50.011 crores, ₹10.501 crores, and ₹16.321 crores, respectively.

How to apply for Horizon Reclaim (India) IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.