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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.
| 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 Size | 2,760,000 shares (aggregating up to ₹12.42 Cr) |
| Fresh Issue | 2,760,000 shares (aggregating up to ₹12.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 147,000 shares Hem Finlease |
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 Offered | 147,000 (5.33%) |
| Other Shares Offered | 1,305,000 (47.28%) |
| Retail Shares Offered | 1,308,000 (47.39%) |
| Total Shares Offered | 2,760,000 (100%) |
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 |
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 | |||
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% |
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:
| 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 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Baheti Recycling Industries IPO is Rs 46.66 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.55 |
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.
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 259.21 |
| Retail | 435.65 |
| Total | 347.53 |
| Listing Date | December 8, 2022 |
| BSE Script Code | |
| NSE Symbol | BAHETI |
| ISIN | INE029Q01017 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹120.00 |
| ₹114.00 |
| ₹126.00 |
| ₹114.00 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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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
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.
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