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Open
28 Nov 2022
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Close
30 Nov 2022
3
Allotment
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Listing
Thu, Dec 8, 2022
Price Band
₹45 per share
Issue Size
27,60,000 shares (agg. up to ₹12 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Dec 8, 2022
Latest GMP
₹52
Est. Gain
115.56%
✦ AI Insight
GMP Trend
08-12-2022₹52Est. ₹97+115.56%
07-12-2022₹52Est. ₹97+115.56%
06-12-2022₹48Est. ₹93+106.67%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 340.92x |
Restated Financials (₹ Cr.)
| Period Ended | 31 May 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 79.39 | 81.90 | 63.01 | 45.35 |
| Total Income | 57.57 | 249.26 | 127.80 | 105.96 |
| Profit After Tax | 0.57 | 2.92 | 0.48 | 0.19 |
| NET Worth | 17.27 | 16.70 | 10.81 | 10.33 |
| Reserves and Surplus | 12.70 | 12.13 | 7.06 | 6.58 |
| Total Borrowing | 45.36 | 50.75 | 37.90 | 31.19 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Euro Panel Products Ltd. | SME | ₹45.50 Cr | ₹70 | null | ₹71.40 | +2.00% | ₹165.53 (+0.67%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Modernization and expansion of existing manufacturing unit | 2.55 |
| 2 | To meet Working Capital requirements | 7.00 |
| 3 | General Corporate Purpose | 1.90 |
About Baheti Recycling Industries IPO
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 relati
Contact Details
Baheti Recycling Industries Ltd. AddressA-2/3, L.R.ApartmentsOpp.Police Commissioner OfficeShahibaugAhmedabad, Gujarat, 380004: +91-79-25627681/82info@bahetiindustries.comVisit Website