Horizon Reclaim India IPO allotment: How to check status online on KFin Technologies, BSE

Horizon Reclaim India IPO allotment status is expected to be finalised on Wednesday, June 18. Investors who applied for the initial public offering can check bid finalisation details on the websites of BSE and KFin Technologies.

The initial share sale was subscribed a whopping 282.87 times, as it got bids for 1,06,58,71,200 shares compared to 37,68,000 shares on offer, according to the BSE data.

The ₹54.27 crore issue, with a price band of ₹98 to ₹103 per share, was solely a fresh issuance of 52.69 lakh shares, with no offer for sale (OFS) component.

The company will use funds raised for the following objectives:

• Fund working capital requirements of the company
• Repayment of certain outstanding borrowings
• Capital expenditure for the installation of additional plant and machinery
• Corporate general purposes

The funds raised will be used for repayment of certain outstanding borrowings, capital expenditure for the installation of additional plant and machinery, working capital requirements and general corporate purposes.

Horizon Reclaim (India) Ltd is engaged in making reclaimed rubber, which is recycled rubber derived from used rubber products like old tyres, rubber tubes, tread peelings, and industrial scrap.

Horizon Reclaim India IPO allotment date and time

The basis of allotment for Horizon Reclaim India is likely to be finalised on Wednesday, June 17, by late evening.

Steps to check Horizon Reclaim India IPO allotment status online on KFin Technologies

• Visit this link: https://ipostatus.kfintech.com/
• Choose 'Horizon Reclaim (India) Ltd' from the ‘Select IPO’ section
• Fill in your PAN, Demat account number or IPO application number
• Press the 'Submit' button

How to check Horizon Reclaim India IPO allotment status online on BSE

• Go to the IPO allotment status page of BSE: https://bseindia.com/investors/appli_check.aspx
• The issue type should be kept as 'equity'
• From the ‘Issue Name’ section, choose ‘Horizon Reclaim India Ltd’
• Fill in your IPO application number or PAN details
• Click on the ‘Search’ button

Horizon Reclaim India IPO listing date and time

Shares of Horizon Reclaim India will debut on the BSE SME platform on Friday, June 19, at 10 am.

Horizon Reclaim IPO GMP

According to investorgain.com and media reports, unlisted shares of Horizon Reclaim India Ltd were trading at ₹158 per share, reflecting a grey market premium (GMP) of 53.40% over the upper price band of ₹103.