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Baheti Recycling Industries Limited IPO (Baheti Recycling Industries IPO) Detail

November 28, 2022 - November 30, 2022

Baheti Recycling Industries IPO is a fixed price issue of Rs 12.42 crores. The issue is entirely a fresh issue of 27.6 lakh shares.

Baheti Recycling Industries IPO bidding started from November 28, 2022 and ended on November 30, 2022. The allotment for Baheti Recycling Industries IPO was finalized on Monday, December 5, 2022. The shares got listed on NSE SME on December 8, 2022.

Baheti Recycling Industries IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.

Hem Securities Limited is the book running lead manager of the Baheti Recycling Industries IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Baheti Recycling Industries IPO is Hem Finlease.

Refer to Baheti Recycling Industries IPO RHP for detailed information.

Baheti Recycling Industries IPO Details

IPO Date November 28, 2022 to November 30, 2022
Listing Date December 8, 2022
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Total Issue Size2,760,000 shares
(aggregating up to ₹12.42 Cr)
Fresh Issue2,760,000 shares
(aggregating up to ₹12.42 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion147,000 shares
Hem Finlease

Baheti Recycling Industries IPO Reservation

Baheti Recycling Industries IPO offers 2,760,000 shares. 1,305,000 (47.28%) to NII, 1,308,000 (47.39%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered147,000 (5.33%)
Other Shares Offered1,305,000 (47.28%)
Retail Shares Offered1,308,000 (47.39%)
Total Shares Offered2,760,000 (100%)

Baheti Recycling Industries IPO Timeline (Tentative Schedule)

Baheti Recycling Industries IPO opens on November 28, 2022, and closes on November 30, 2022.

IPO Open Date Monday, November 28, 2022
IPO Close Date Wednesday, November 30, 2022
Basis of Allotment Monday, December 5, 2022
Initiation of Refunds Tuesday, December 6, 2022
Credit of Shares to Demat Wednesday, December 7, 2022
Listing Date Thursday, December 8, 2022
Cut-off time for UPI mandate confirmation 5 PM on November 30, 2022

Baheti Recycling Industries IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000
HNI (Min) 2 6,000 ₹270,000
Lot Size Calculator

Baheti Recycling Industries IPO Promoter Holding

Mr. Shankerlal Bansilal Shah, Mr. Balkishan Shankerlal Shah and Mr. Yash Shankerbhai Shah are the company promoters.

Share Holding Pre Issue 99.98%
Share Holding Post Issue 73.37%

About Baheti Recycling Industries Limited

Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company. The company is 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.

The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.

Baheti Recycling Industries' manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) and has a 12,000 MT installed capacity for processing aluminium scrap.

The company's esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.

The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.

Competitive Strengths:

  • In-house manufacturing facility supported by technology-driven process.
  • Stringent quality control mechanism ensuring standardized product quality.
  • Diversified Client Base and long-standing relationship with our customers.
  • Strong and diversified supplier base for sourcing raw materials.
  • Experienced Promoters supported by dedicated Management team.

Company Financials

Baheti Recycling Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204535.0910595.8419.191033.236583118.89
31-Mar-21630112780.0247.781081.02706.023789.61
31-Mar-228190.3924926.06291.981669.5112135074.81
31-May-227939.48575757.361726.871270.364536.31
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Baheti Recycling Industries IPO is Rs 46.66 Cr.

Pre IPO Post IPO
P/E (x) 13.55

Objects of the Issue (Baheti Recycling Industries IPO Objectives)

The company intend to utilize the proceeds of the Issue to meet the following objects: -

1. Modernization and expansion of existing manufacturing unit.

2. To meet Working Capital requirements.

3. General Corporate Purpose.

4. To meet issue expenses.

Baheti Recycling Industries IPO Review (Apply)

[Dilip Davda]  BRIL is in the aluminium recycling segment having bright prospects ahead. Of late we are witnessing rising interest in the aluminium industry. Based on FY23 earnings, the issue appears reasonably priced. Investors may consider investment for the medium to long-term rewards. Read detail review...


Baheti Recycling Industries IPO Subscription Status (Bidding Detail)

The Baheti Recycling Industries IPO is subscribed 347.53 times on November 30, 2022 7:00:00 PM. The public issue subscribed 435.65 times in the retail category, times in the QIB category, and 259.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other259.21
Retail435.65
Total347.53

Baheti Recycling Industries IPO Prospectus

Baheti Recycling Industries IPO Rating

380
4.1
Rating:Rated 4.1 stars
Vote Here ...

Baheti Recycling Industries IPO Listing Details

Listing Date December 8, 2022
BSE Script Code
NSE Symbol BAHETI
ISIN INE029Q01017
Final Issue Price ₹45 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹45.00
₹120.00
₹114.00
₹126.00
₹114.00

Check IPO Performance…

Baheti Recycling Industries Limited Contact Details

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/

Baheti Recycling Industries IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

Baheti Recycling Industries IPO - Buy or Not

Baheti Recycling Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 6 1 0

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Baheti Recycling Industries IPO Lead Manager(s)

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Baheti Recycling Industries IPO FAQs

Baheti Recycling Industries IPO is a SME IPO of 2,760,000 equity shares of the face value of ₹10 aggregating up to ₹12.42 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on November 28, 2022, and closes on November 30, 2022.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Baheti Recycling Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Baheti Recycling Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Baheti Recycling Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Baheti Recycling Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Baheti Recycling Industries IPO opens on November 28, 2022 and closes on November 30, 2022.

Baheti Recycling Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.

You can apply in Baheti Recycling Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Baheti Recycling Industries IPO will be done on Monday, December 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 7, 2022. Check the Baheti Recycling Industries IPO allotment status.

The Baheti Recycling Industries IPO listing date is on December 8, 2022.
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Baheti Recycling Industries IPO Message Board

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484 Comments

215. Elon Rusk |   Link |  Bookmark |December 15, 2022 11:59:39 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Experts please help. I had applied for 8 lots (24000) shares. In BOA i dont see a row corresponding to 24000 shares. Is it because my application was rejected or any other reason? I dont see any reason for non allotment on Purva site
215.1. Thoth |   Link |  Bookmark |December 15, 2022 9:39:48 PM
Bhai, Most of the registrar don't publish full BOA but a sample size boa only. Taking only highly subscribed lot sizes and leaving out least subscribed ones.

You may email registrar for full boa but they will not entertain such requests. Nevertheless you can try your luck. And inform us too if you succeed.
214. Ajay Khosla |   Link |  Bookmark |December 14, 2022 3:54:44 PM
Hell to all the SME IPO Gurus

I have never been allotted any SME share but bought one lot of Baheti at 106 and now I think that I have made a very big mistake by doing so because it has hit a LC today. I didn't know that since its still in ST category, so, I will not be able to sell it before T+2 days.
Any views by any of the gurus whether it was really a mistake to buy it at 106?Seeing the selling orders at the end of day, it seems it will get successive LCs in the coming days.
214.1. Noorul |   Link |  Bookmark |December 15, 2022 1:27:35 AM
Not a Guru.. but I would like to suggest if u are not a high risk trader than u can take an exit near around 100 rs.. in next few days with minor loss.. stock price can go either way from here .. but present trend is downward.
214.2. Ajay Khosla |   Link |  Bookmark |December 15, 2022 11:00:46 AM
Thank you for the answer Noorul.
213. IPO Learning |   Link |  Bookmark |December 13, 2022 10:17:56 AM
Bye Bye Baheti .1st sme of Life . Gave roller coaster ride .Could. Not sell in prepped ,LC LC , Today exited 102 . Thanks.
213.1. SmallInvstr |   Link |  Bookmark |December 13, 2022 11:12:24 AM
Everybody these using the word -- Recycling, Defense, Solar, -- to increase their IPO price and demand.. People get hooked to the trap
212. Ajay Khosla |   Link |  Bookmark |December 12, 2022 12:18:56 PM
Did anybody buy baheti at 115-120 range?
And is it advisable to buy this between 90-100 range?
212.1. Taj Jassat |   Link |  Bookmark |December 12, 2022 5:00:27 PM
Buy below 80 for safety and short. For long, may buy 90-100, but not advisable. Wait for result. Business is related to almunium (commodity) hence cyclical and manipulated by some big US companies. This is NOT Nupur.
212.2. Ajay Khosla |   Link |  Bookmark |December 12, 2022 9:33:48 PM
Thank you Taj Jassat for your answer bro. Much appreciated.
211. M Vihi |   Link |  Bookmark |December 12, 2022 10:57:43 AM
Another phantom digital effecs in the making, listing gains of 200 percent and will settle at 100 percent gain of IPO price i.e at Rs 85-90 it should settle.
210. PranavN |   Link |  Bookmark |December 11, 2022 5:10:12 PM
Interested in selling 3000qty, buyers and brokers pls connect
210.1. Cautious ProPrio |   Link |  Bookmark |December 12, 2022 9:49:41 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
77
209. IPO Learning |   Link |  Bookmark |December 9, 2022 11:44:07 AM
@IPO Gurus when we expect LC removal…
209.5. Takamichi |   Link |  Bookmark |December 13, 2022 12:25:36 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
I was also looking to buy tomorrow ....
UC doesn't seem to be much strong.... As majority r stuck at pre-open price and then at around 114 so today UC may be because not much allottee r left to sell....
209.6. Gaurav DD dimer |   Link |  Bookmark |December 13, 2022 6:12:39 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Today's Volume is like listing Day Preopen Volume.

People's are crazy at this high Price too.
208. nick name |   Link |  Bookmark |December 9, 2022 12:33:12 PM
Any one got allotment from this forum?
208.2. Elon Rusk |   Link |  Bookmark |December 9, 2022 3:43:19 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Any reason why you couldn't sell? Is it because of hitting LC?
208.3. kcm |   Link |  Bookmark |December 9, 2022 4:34:53 PM
I could not sell because reliance securities had not activated trading in this share by online trading the entire day. However they put my order by call&trade at about 11AM when there was lower circuit. Now shall wait till reverse circuits come in force.
207. PKRAJ |   Link |  Bookmark |December 9, 2022 2:07:49 PM
Very good listing yesterday. But closed on LC. When any share subscribed at such a high premium, it is difficult to resist. People will definitely try to book profit at any level. Today it opened at LC 108.30 and high low all at LC. But volume is very good. More than 16 lakhs shares traded all at LC. More than 7 lakhs are there to sell.
In these circumstances after completion of LCs it is likely to hit UCs. But is not a game of common investors. To invest such a huge fund in only one share is not advisable except for biggies. Lot of purchases have been done by big houses. Wait and watch BAHETI.
Think twice before taking any decision for buying.
207.2. CA. Sanchit Jain |   Link |  Bookmark |December 9, 2022 3:18:07 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
@PKRAJ ji, any reason why after completion of the LC, it will hit UC and will not trade sideways. Also any idea, when does the circuit rule change from 5% to 10% for SME's?
207.3. PKRAJ |   Link |  Bookmark |December 9, 2022 4:19:58 PM
@CA. Sanchit Jain,
Really a good question. This share listed at very hefty premium and profit booking is always there. This share hit UC and thereafter LC. Very interesting. Lot of buying was done. In my views it is likely to hit many LCs. I told it is likely and not will. It may travel side ways also. It has good business model and likely to move any side. But when LC iqs going to finish is a big question. This is only individual mind set. No body is expert and all are experts in Share Market. Even in CNBC experts are away when market is in continuous negative zone.
206. IPO Learning |   Link |  Bookmark |December 9, 2022 3:56:23 PM
Yes
205. Ajit kumar jain |   Link |  Bookmark |December 9, 2022 10:56:47 AM
BAHETI Baheti Recycling Ind Ltd

ADHEESH KABRA HUF BUY 60,000@ 120

LAXMIKANTH PRABHU N BUY 75,000 @ 120

MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED BUY 72,000@ 117

NIRMAL AGGARWAL BUY 1,44,000 @114

VARUN KRISHNAVTAR KABRA BUY 1,11,000 @120

VINOD SOMANI HUF
BUY 75,000@  119.96

VINOD SOMANI HUF
BUY 1,77,000 @ 120.47
205.1. IPO Learning |   Link |  Bookmark |December 9, 2022 11:42:01 AM
Form where we can track this data . And when we can expect LC Remove . Thanks
205.2. Ajay Khosla |   Link |  Bookmark |December 9, 2022 12:23:04 PM
Hello IPO Learning

Track this information from here:-
https://trendlyne.com/equity/technical-analysis
204. ipo share |   Link |  Bookmark |December 8, 2022 6:17:08 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Central Bank of India has has not Unblocked Baheti Recycling ASBA amount till now. Anyone facing the same problem?
I have sent mail to Purva Sharegistry.
If anything else I can do, experts please guide as I need to get the amount unblocked urgently to apply in other IPOs.
Thanks 🙏
204.1. PrateekWrite |   Link |  Bookmark |December 8, 2022 9:30:29 PM
yes, same for me as well...still blocked on UPI mandate applied via Zerodha....
204.2. PrateekWrite |   Link |  Bookmark |December 9, 2022 11:15:36 AM
Also getting no response from registrar.
203. PrateekWrite |   Link |  Bookmark |December 8, 2022 9:27:22 PM
Funds are still blocked on UPI mandate applied via Zerodha.....anyone in still in the same boat or unblocked for all?
202. lokes |   Link |  Bookmark |December 7, 2022 10:41:18 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
in my opinion, expected listing range is around 97 to 102....
it can be safe buy if listing is around 90 to 92 or below levels....profit can be booked around 105 or above levels....
as per some of recent sme's trend, be careful before buying at high prices and take decision as per your risk...vital/amiable/daps didn't performed well after listing...and here in baheti, good amount (63%) of shares are with retailers so selling pressure may be there later....
company financials are average as of now and issue is reasonably priced as per initial annualized results of FY23 but it may perform good in long term....
202.19. PKRAJ |   Link |  Bookmark |December 8, 2022 3:49:14 PM
@Thoth
No retailers can be blamed for listing and no body will. In SMEs retailers can't play any major role. A big game is normally played by the market makers. Retailers can become the victims only. On high listing day retailers should not purchase. If high appetite, will enter at any level.
Nobody is misguided by any one, any way. Only exceptions.
Use some soft words, if it pleases you. We all are not a very high level expert. Knowledge gathered from different sources only. But this is also an art.
202.20. Thoth |   Link |  Bookmark |December 8, 2022 8:16:53 PM
@PKR Ji
I admire your writing here that you understood what I meant. In all these choas and euphoria, I don't want retailers to get trapped. In these times when big institutions are playing safe by taking capital out of equation then it's naive to expect retailers to be a mute spectator. What happened with LiC and people are still stuck in some company like car trade.
Actually I replied to this guy named Takamichi. Who made unnecessary connection between phantom and Baheti.

And this Takamichi said this about Pritika sme and I quote ' Would buy if available at 6-7 rs premium....above that would leave it for now..' then he informed that he bought at 40.5 rs. Giving a premium of 11.50 rs.
What is this..... 😁😅😂😂😂
201. SSingh |   Link |  Bookmark |December 8, 2022 4:15:22 PM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Lesson after bumper listing: NEVER SELL IN GREY!!! 🤣🤣
200. PKRAJ |   Link |  Bookmark |December 8, 2022 1:49:03 PM
What a great listing, not expected by any one. Not expected by any expert or from any source. First good listing, UC and LC. All in one session. At present +153%. Great. But it looks difficult to exit now. Whenever there is such a great listing one must exit. Great investors and with good financial appetite can take risk. To get more than 2 lakhs, it is better not to be so greedy.
My best wishes to all who got allotment and booked profit. Enjoy with family.

200.1. JaiShriKrishna |   Link |  Bookmark |December 8, 2022 2:39:20 PM
I am agree with above, as Phantom also had great listing but till now it never reach again to listing date rate.

So better book profit and enjoy. Once price in a reasonable range and stable that time again entry can be done in this.
199. Vineet Bansal |   Link |  Bookmark |December 7, 2022 2:03:07 PM
Dear Fellow Members,
I had applied for 12 lots (36,000 shares) in this IPO.
But the BOA does not mention this category.
It goes straight from 10 lots (30,000 shares) to 15 lots (45,000 shares).
Am i missing something or the Registrar is at fault?
Kindly guide me.
199.1. CAAnil |   Link |  Bookmark |December 7, 2022 3:03:46 PM
I had applied for 102000 shares but listed in boa.
199.2. AAvi |   Link |  Bookmark |December 8, 2022 2:37:10 PM
Some registrar gives complete detail in BOA.
Whereas, some gives out only samples.
198. Romy HNI |   Link |  Bookmark |December 8, 2022 1:17:32 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
My 3000 sold @ 120......Now feel lucky because it may take 3 - 4 lower circuit....before settling @ 95
197. jayyesh |   Link |  Bookmark |December 8, 2022 6:55:43 AM
I got allotment in baheti. shud i hold or it shud be sold ?
197.1. IPOGainers |   Link |  Bookmark |December 8, 2022 12:50:41 PM (400+ Posts)
Sell it ofcourse.
196. Ajay Khosla |   Link |  Bookmark |December 8, 2022 10:45:10 AM
Thank God I didn't buy at 120.
Listing at 120 is a very big surprise. Even, the business doesn't justify this price.

Is anyone here who is holding Kotyark industries? If yes, kindly share your views about its future because its behaving like a falling knife now from almost 40 days.