Baheti Recycling Industries IPO:GMP, Price, Dates, Issue Size

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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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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) 

  1. Hem Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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