Lead Reclaim and Rubber IPO: GMP, Price & Dates

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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 
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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: 

  1. Funding our working capital requirements; 
  1. Purchase of plant and machinery for augmenting our Manufacturing Facility; and 
  1. 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
Websitehttp://www.leadreclaim.com/

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

Lead Reclaim and Rubber Products IPO Lead Manager(s)

  1. Fedex Securities Limited (Past IPO Performance)

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