Baheti Recycling Industries IPO is an aluminium recycling company. The company is primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
Baheti Recycling Industries IPO – Overview
| IPO Dates | 5-7 Dec 2022. |
| IPO Price | INR 42 per share |
| Fresh issue | 2,280,000 shares (INR 9.58 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,280,000 shares (INR 9.58 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Baheti Recycling Industries IPO -Tentative Dates
| IPO Offer Opening Date | 5 December 2022 |
| IPO Closing Date | 7 December 2022 |
| Finalisation of Basis of Allotment | 12 December 2022 |
| Initiation of refunds | 13 December 2022 |
| Transfer of shares to demat accounts | 14 December 2022 |
| IPO Listing Date | 15 December 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
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.
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.
Objects of the Issue
- Expansion of Business.
- General Corporate Purposes.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 8190.39 | 6301 | 4535.09 |
| Total Revenue | 24926.06 | 12780.02 | 10595.84 |
| Profit After Tax | 291.98 | 47.78 | 19.19 |
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
Email: info@bahetiindustries.com
Website: https://www.bahetiindustries.com/
Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
