Lead Reclaim and Rubber Products, a 2012 incorporation, produces reclaimed rubber, crumb rubber powder, and rubber granules. The business is dedicated to recycling in order to preserve precious natural resources. Gujarat’s Taluka-Katalal, Kheda, Sarali Road Village-Pithai is home to the company’s manufacturing facilities. The facility has a total install capacity of 5,520 metric tonnes and occupies a land area of about 7,790 square metres.
The business provides its services to OEMs, Tier I automotive manufacturing businesses, distributors, and dealers. The business additionally markets its goods to customers abroad in Sri Lanka, Argentina, Turkey, and China. Its Product Portfolio covers a wide range of grades, thicknesses, widths, and standards of natural recovered rubber, butyl reclaimed rubber, and entire tyre reclaimed rubber.
Lead Reclaim and Rubber IPO Details
| IPO Dates | 9 – 13 February 2023 |
| IPO Price | INR 25 per share |
| Fresh issue | 19,50,000 shares (INR 4.88 crore) |
| Offer For Sale | Nil |
| Total IPO size | 19,50,000 shares (INR 4.88 crore) |
| Minimum bid (lot size) | 6,000 shares (INR 1,50,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Lead Reclaim and Rubber IPO Dates
| IPO Opening Date | 9 February 2023 |
| IPO Closing Date | 13 February 2023 |
| Finalisation of Basis of Allotment | 16 February 2023 |
| Initiation of refunds | 17 February 2023 |
| Transfer of shares to demat accounts | 20 February 2023 |
| IPO Listing Date | 21 February 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 477.31 | 703.50 | 1,030.09 | 492.39 |
| Expenses | 440.52 | 654.17 | 970.60 | 450.91 |
| Net income | 36.36 | 22.74 | 47.87 | 35.55 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- Purchase of plant and machinery for augmenting our Manufacturing Facility; and
- General corporate purposes
Lead Reclaim and Rubber Products IPO Prospectus
Company Contact Information
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/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Reclaim and Rubber Products IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
