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Open
21 Sep 2023
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Close
26 Sep 2023
3
Allotment
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Listing
Fri, Oct 6, 2023
Price Band
₹200 per share
Issue Size
25,00,200 shares (agg. up to ₹50 Cr)
Lot Size
600 Shares
Listing Date
Fri, Oct 6, 2023
Latest GMP
₹16
Est. Gain
8%
✦ AI Insight
GMP Trend
06-10-2023₹16Est. ₹216+8%
05-10-2023₹16Est. ₹216+8%
04-10-2023₹16Est. ₹216+8%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.17x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 119.31 | 106.69 | 102.73 |
| Total Income | 25.34 | 17.57 | 15.78 |
| Profit After Tax | 3.65 | -5.35 | -4.49 |
| NET Worth | 25.50 | 8.09 | 13.44 |
| Reserves and Surplus | 20.14 | 7.63 | 12.98 |
| Total Borrowing | 69.81 | 54.18 | 54.50 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Hi-Green Carbon Ltd. | SME | ₹52.80 Cr | ₹75 | 13.13 | ₹80.85 | +7.80% | ₹134.85 (-2.78%) |
| Urban Enviro Waste Management Ltd. | SME | ₹11.42 Cr | ₹100 | 30.49 | ₹148.05 | +48.05% | ₹129.55 (-3.32%) |
| EMS Ltd. | Mainboard | ₹321.25 Cr | ₹211 | null | ₹279.90 | +32.65% | ₹433.00 (-1.83%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Reduction of the aggregate outstanding borrowings of the Company | 37.50 |
| 2 | Towards general corporate purposes | 10.48 |
About Organic Recycling Systems IPO
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions. Organic Recycling Systems's business verticals include the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the Supply of Key Equipment. The company offers services such as EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more. Organic Recycling Systems (ORS) also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. ORS has developed a patented DRY ANAEROBIC DIGESTION (DRYAD) technology which is capable of treating several kinds of waste and the same is also proven through its use in the Solapur plant. Competitive Strength: Proven Technology and capability. Penetration into Multiple Business Verticals. Lucrative Prospects of the Market. UN Sustainability Development Goals. Experience of the Promoters and Management per
Contact Details
Organic Recycling Systems Ltd. AddressOffice No.1003, 10th FloorThe Affaires Plot No.9, Sector-17SanpadaMumbai, Maharashtra, 400705022-41702222cs@organicrecycling.co.inVisit Website