Comparison between Horizon Reclaim (India) IPO and Susan Electricals India IPO.
Horizon Reclaim (India) IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Susan Electricals India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Mudra RTA Ventures Private Limited |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Horizon Reclaim (India) IPO is up to ₹51.55 Cr whereas the issue size of the Susan Electricals India IPO is up to ₹64.57 Cr. The final issue price of Horizon Reclaim (India) IPO is ₹103.00 per share and of Susan Electricals India IPO is ₹127.00 per share.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹98.00 per share | ₹120.00 per share |
| Issue Price (Upper) | ₹103.00 per share | ₹127.00 per share |
| Issue Price (Final) | ₹103.00 per share | ₹127.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 50,05,200 shares | 42,84,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.55 Cr | up to ₹54.41 Cr |
| OFS Issue Size | 0 shares | 8,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.16 Cr |
| Issue Size Total | 50,05,200 shares | 50,84,000 shares |
| Issue Size Total (Amount) | up to ₹51.55 Cr | up to ₹64.57 Cr |
Horizon Reclaim (India) IPO opens on Jun 12, 2026, while Susan Electricals India IPO opens on Jun 11, 2026. The closing date of Horizon Reclaim (India) IPO and Susan Electricals India IPO is Jun 16, 2026, and Jun 15, 2026, respectively.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Bid Date | Jun 11, 2026 | Jun 10, 2026 |
| Issue Open | Jun 12, 2026 | Jun 11, 2026 |
| Issue Close | Jun 16, 2026 | Jun 15, 2026 |
| Basis Of Allotment (Tentative) | Jun 17, 2026 | Jun 16, 2026 |
| Initiation of Refunds (Tentative) | Jun 18, 2026 | Jun 17, 2026 |
| Credit of Share (Tentative) | Jun 18, 2026 | Jun 17, 2026 |
| Listing date (Tentative) | Jun 19, 2026 | Jun 18, 2026 |
| Anchor Lockin End date 1 | Jul 16, 2026 | Jul 16, 2026 |
| Anchor Lockin End date 2 | Sep 14, 2026 | Sep 14, 2026 |
Horizon Reclaim (India) IPO P/E ratio is 13.97, as compared to Susan Electricals India IPO P/E ratio of 10.85.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Horizon Reclaim (India) Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 95.84 | 92.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.97 | 10.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹201.01 Cr. | ₹258.20 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53.63 | 64.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.45 | 29.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.37 | ₹11.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 42.29 | 47.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Horizon Reclaim (India) IPO Retail Individual Investors (RII) are offered 17,52,000 shares while in Susan Electricals India IPO retail investors are offered 17,52,000 shares. Qualified Institutional Buyers (QIB) are offered 10,00,800 shares in Horizon Reclaim (India) IPO and 10,16,000 shares in Susan Electricals India IPO.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,01,200 shares | 15,23,000 shares |
| Market Maker Reservation | 2,64,000 shares | 4,58,000 shares |
| QIB | 10,00,800 shares | 10,16,000 shares |
| NII | 7,51,200 shares | 7,65,000 shares |
| RII | 17,52,000 shares | 17,80,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 50,05,200 shares | 50,84,000 shares |
Horizon Reclaim (India) IPO subscribed 212.90x in total, whereas Susan Electricals India IPO subscribed 151.74x.
| Horizon Reclaim (India) IPO | Susan Electricals India IPO | |
|---|---|---|
| QIB (times) | 186.72x | 142.65x |
| NII (times) | 450.74x | 336.00x |
| Big NII (times) | 502.41x | 389.07x |
| Small NII (times) | 347.66x | 229.86x |
| RII (times) | 308.30x | 207.56x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 212.90x | 151.74x |
