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

Nov 28, 2022 - Nov 30, 2022

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
Amount in ₹ Lakhs

Objects of the Issue

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 Details

IPO Date Nov 28, 2022 to Nov 30, 2022
Listing Date [.]
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Issue Size2,760,000 shares of ₹10
(aggregating up to ₹12.42 Cr)
Fresh Issue2,760,000 shares of ₹10
(aggregating up to ₹12.42 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
Company Promoters

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

Baheti Recycling Industries IPO Tentative Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, and closes on Nov 30, 2022. The Baheti Recycling Industries IPO bid date is from Nov 28, 2022 10.00 A.M. to Nov 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 28, 2022
Closing Date Nov 30, 2022
Basis of Allotment Dec 5, 2022
Initiation of Refunds Dec 6, 2022
Credit of Shares to Demat Dec 7, 2022
Listing Date Dec 8, 2022

Baheti Recycling Industries IPO Lot Size

The Baheti Recycling Industries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000
S-HNI (Min) 2 6,000 ₹270,000

Baheti Recycling Industries IPO Promoter Holding

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

Baheti Recycling Industries IPO Review

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 Nov 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)

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Baheti Recycling Industries IPO Prospectus

Baheti Recycling Industries IPO Rating

Rating:Rated 4.1 stars
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Company Contact Information

Baheti Recycling Industries Limited
A-2/3, L.R. Apartments,
Opp. Police Commissioner Office, Shahibaug
Ahmedabad – 380 004, Gujarat,
Phone: : +91-79-25627681/82

Baheti Recycling Industries IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Baheti Recycling Industries IPO Review

Baheti Recycling Industries IPO Recommendation Summary

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Members 6 1 0

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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 Nov 28, 2022, and closes on Nov 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 Nov 28, 2022 and closes on Nov 30, 2022.

Baheti Recycling Industries IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Baheti Recycling Industries IPO listing date is not yet announced. The tentative date of Baheti Recycling Industries IPO listing is Dec 8, 2022.
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