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  1. Horizon Reclaim India IPO subscribed 182.58 times so far on Day 3: Check allotment date and steps

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Horizon Reclaim India IPO subscribed 182.58 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox news

3 min read | Updated on June 16, 2026, 13:51 IST

SUMMARY

Horizon Reclaim IPO, with a price band of ₹98 to ₹103 per share, is only a fresh issuance of 52.69 lakh shares aggregating to ₹54.27 crore.

Horizon Reclaim (India) Limited makes reclaimed rubber derived from used rubber materials. | Image: horizonreclaim.com

Horizon Reclaim (India) Limited makes reclaimed rubber derived from used rubber materials. | Image: horizonreclaim.com

The initial public offering of Horizon Reclaim (India) Limited has been subscribed 182.58 times so far on the final day of bidding on Tuesday, June 16.

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It got bids for 68,79,78,000 shares compared to 37,68,000 shares on offer, according to the BSE data until 1:50 pm.

Non-institutional investors have subscribed their portion 238.59 times, while the individual investors quota was booked 223.65 times. The part reserved for qualified institutional buyers (QIBs) was subscribed 53.89 times.

The initial share sale, with a price band of ₹98 to ₹103 per share, is only a fresh issuance of 52.69 lakh shares aggregating to ₹54.27 crore.

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.

GYR Capital Advisors serves as the bookrunning lead manager to the issue, while KFin Technologies is the registrar.

Horizon Reclaim (India) manufactures reclaimed rubber, which is recycled rubber derived from used rubber materials like old tyres, tread peelings, rubber tubes, and industrial scrap.

Horizon Reclaim India IPO allotment and listing date

The basis of allotment for Horizon Reclaim India is expected to be finalised on June 17, while listing on the BSE SME platform will occur on June 19.

How to check Horizon Reclaim India IPO allotment status on Kfin Technologies

  • Click on this link: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ section, pick 'Horizon Reclaim (India) Ltd'
  • Enter your IPO application number, PAN or Demat account number
  • Click on 'Submit'

Steps to check Horizon Reclaim India IPO allotment status on BSE

  • Visit BSE's IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
  • Choose ‘Equity’ as the issue type
  • From the ‘Issue Name’ list, select ‘Horizon Reclaim India Ltd’
  • Add PAN or IPO application number
  • Press the ‘Search’ button to see the allotment details

Horizon Reclaim IPO GMP

According to investorgain.com and media reports, Horizon Reclaim India Ltd's unlisted shares were trading at ₹166 per share, reflecting a grey market premium (GMP) of 61.17% over the upper price band of ₹103.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox news
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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