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Lead Reclaim and Rubber Products IPO is a fixed price issue of Rs 4.88 crores. The issue is entirely a fresh issue of 19.5 lakh shares.
Lead Reclaim and Rubber Products IPO bidding started from February 9, 2023 and ended on February 13, 2023. The allotment for Lead Reclaim and Rubber Products IPO was finalized on Thursday, February 16, 2023. The shares got listed on NSE SME on February 21, 2023.
Lead Reclaim and Rubber Products IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹300,000.
Fedex SecuritiesPvt Ltd is the book running lead manager of the Lead Reclaim and Rubber Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Lead Reclaim and Rubber Products IPO is Svcm Securities.
Refer to Lead Reclaim and Rubber Products IPO RHP for detailed information.
| IPO Date | February 9, 2023 to February 13, 2023 |
| Listing Date | February 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹4.88 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to ₹4.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,391,675 |
| Share holding post issue | 7,341,675 |
| Market Maker portion | 102,000 shares Svcm Securities |
Lead Reclaim and Rubber Products IPO offers 1,950,000 shares. 924,000 (47.38%) to NII, 924,000 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 102,000 (5.23%) |
| Other Shares Offered | 924,000 (47.38%) |
| Retail Shares Offered | 924,000 (47.38%) |
| Total Shares Offered | 1,950,000 (100%) |
Lead Reclaim and Rubber Products IPO opens on February 9, 2023, and closes on February 13, 2023.
| IPO Open Date | Thursday, February 9, 2023 |
| IPO Close Date | Monday, February 13, 2023 |
| Basis of Allotment | Thursday, February 16, 2023 |
| Initiation of Refunds | Friday, February 17, 2023 |
| Credit of Shares to Demat | Monday, February 20, 2023 |
| Listing Date | Tuesday, February 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 13, 2023 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| HNI (Min) | 2 | 12,000 | ₹300,000 |
| Lot Size Calculator | |||
Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel and Diksha Patel are the promoters of the company.
| Share Holding Pre Issue | 86.48% |
| Share Holding Post Issue | 63.51% |
Incorporated in 2012, Lead Reclaim and Rubber Products Limited is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules.
The manufacturing unit of the company is situated in Sarali Road Village - Pithai, Taluka- Kathalal, Kheda. The unit is spread over a total land area of approximately 7790 sq. mts with a total install capacity of 5520 metric tons. The manufacturing facility is accredited with ISO 9001:2015 certifications for quality management systems.
Lead Reclaim focuses highly on:
The product diversification of the company allows it to fulfill the requirements of varied customers. Their product range varies in grades, thickness, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.
Lead Reclaim and Rubber Products to deliver its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 532.45 | 483.67 | 36.36 | 17.47 | -2.68 | 377.25 |
| 31-Mar-21 | 594.88 | 706.26 | 22.74 | 40.20 | 20.05 | 394.67 |
| 31-Mar-22 | 704.32 | 1,036.93 | 47.87 | 289.57 | 67.92 | 269.30 |
| 30-Sep-22 | 994.65 | 498.99 | 35.55 | 555.63 | 241.78 | 271.38 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Lead Reclaim and Rubber Products IPO is Rs 18.35 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.77 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. It has posted inconsistencies in its top and bottom lines for the reported periods. Based on H1-FY23 earnings, the issue is aggressively priced. There is no harm in skipping this pricey issue. Read detail review...
The Lead Reclaim and Rubber Products IPO is subscribed 75.98 times on February 13, 2023 7:00:00 PM. The public issue subscribed 64.41 times in the retail category, times in the QIB category, and 87.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 87.56 |
| Retail | 64.41 |
| Total | 75.98 |
| Listing Date | February 21, 2023 |
| BSE Script Code | |
| NSE Symbol | LRRPL |
| ISIN | INE0H4B01011 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹25.00 |
| ₹27.50 |
| ₹27.15 |
| ₹28.50 |
| ₹27.65 |
Lead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej, Bypass Road,
Bharuch-392001
Phone: +91 73590 10333
Email: info@leadrubber.com
Website: http://www.leadreclaim.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Lead Reclaim and Rubber Products IPO is a SME IPO of 1,950,000 equity shares of the face value of ₹10 aggregating up to ₹4.88 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on February 9, 2023, and closes on February 13, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lead Reclaim and Rubber Products IPO using UPI as a payment gateway. Zerodha customers can apply in Lead Reclaim and Rubber Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lead Reclaim and Rubber Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lead Reclaim and Rubber Products IPO opens on February 9, 2023 and closes on February 13, 2023.
Lead Reclaim and Rubber Products IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Lead Reclaim and Rubber Products 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 Lead Reclaim and Rubber Products IPO will be done on Thursday, February 16, 2023, and the allotted shares will be credited to your demat account by Monday, February 20, 2023. Check the Lead Reclaim and Rubber Products IPO allotment status.
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