Baheti Recycling Industries IPO will open for subscription from 28 November 2022. the company aims for an issue size of ₹12.42 Cr through this IPO.
Baheti Recycling Industries Limited
BRI-Baheti Recycling Industries is an aluminIum recycling company. It 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 bars. It is also engaged in the trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap, etc.
The company’s 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. It also sells its products to foreign buyers located in Japan, Canada, the USA, China, Hong Kong, UAE, Taiwan, etc.
Basic details about the company
| Full name | Baheti Recycling Industries Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://www.bahetiindustries.com/ |
Objects of the Issue
- Modernization and expansion of the existing manufacturing unit.
- For working capital requirements.
- To meet issue expenses
- General corporate purposes.
Major competitive strengths
- Stringent quality control mechanism ensuring standardized product quality.
- Strong and diversified supplier base for sourcing raw materials.
- In-house manufacturing facility supported by the technology-driven process.
- Diversified Client Base and long-standing relationship with our customers.
- Experienced Promoters supported by a dedicated Management team.
Dates to remember
| IPO Opening date | 28 November 2022 |
| IPO Closing | 30 November 2022 |
| Basis of Allotment | 05 December 2022 |
| Initiation Refund | 06 December 2022 |
| Credit to Demat Account | 07 December 2022 |
| Listing Date | 08 December 2022 |
Baheti Recycling Industries IPO Details
| IPO Date | Nov 28, 2022 to Nov 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,760,000 shares of ₹10 (aggregating up to ₹12.42 Cr) |
| Fresh Issue | 2,760,000 shares of ₹10 (aggregating up to ₹12.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Baheti Recycling Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Baheti Recycling Industries Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 105.96 | 127.80 | 249.26 |
| Expenses | 105.68 | 127.05 | 245.20 |
| Net income | 0.19 | 0.48 | 2.92 |
Baheti Recycling Industries Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.31 | 0.76 | 3.84 |
| PE ratio | – | – | 11.72 |
| RONW (%) | 1.86 | 4.42 | 17.49 |
| NAV | 16.53 | 17.30 | 21.94 |
Company Promoters
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
Baheti Recycling Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.37% |
Lead Manager(s)
- Hem Securities Limited
Baheti Recycling Industries IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Lower Parel (East) Mumbai 400011, Maharashtra, India.
Phone: +91 022 2301 8261
E-mail: support@purvashare.com
Website: www.purvashare.com
Baheti Recycling Industries Contact Details
BAHETI RECYCLING INDUSTRIES LIMITED
A-2/3, L.R. Apartments,
Opp. Police Commissioner’s Office,
Shahibaug, Ahmedabad – 380 004
Gujarat, India
Phone: +91-79-25627681/82
E-mail:info@bahetiindustries.com
Website: www.bahetiindustries.com
Baheti Recycling Industries IPO Allotment Status
Baheti Recycling Industries IPO allotment status will be available on Purva Sharegistry’s website.
Click on this link to get allotment status.
Final thoughts
Pritika Engineering Components IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
