Lead Reclaim and Rubber Products IPO will open for subscription from 09 February 2023. the company aims for an issue size of ₹4.88 Cr through this IPO.
About Company
Incorporated in 2012, Lead Reclaim and Rubber Products is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules. The company focuses on saving valuable natural resources by way of recycling. The company’s manufacturing facility is situated at Sarali Road Village – Pithai, Taluka- Kathalal, Kheda, Gujarat. The unit is spread over a total land area of approximately 7,790 sq. mts. with a total install capacity of 5,520 metric tons.
Lead Reclaim and Rubber delivers its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers. The company also sells its products to foreign buyers located in Sri Lanka, Argentina, Turkey, and China. Its Product Portfolio offers a diversified range that includes a variety of grades, thicknesses, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.
Basic details about the company
| Full name | Lead Reclaim and Rubber Products Limited |
| Sector | Agriculture |
| Industry | Rubber Products |
| Company Website | https://www.leadreclaim.com/ |
The objective of the Issue
- Funding our working capital requirements;
- Purchase of plant and machinery for augmenting our Manufacturing Facility; and
- General corporate purposes.
Major Competitive strengths
- Diversified Product portfolio.
- Experienced management team.
- Good customer relationship.
IPO Timetable
| IPO Opening date | 09 February 2023 |
| IPO Closing | 13 February 2023 |
| Basis of Allotment | 16 February 2023 |
| Initiation Refund | 17 February 2023 |
| Credit to Demat Account | 20 February 2023 |
| Listing Date | 21 February 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | 4.88 Cr – 1,950,000 shares |
| Fresh Issue | 4.88 Cr – 1,950,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹25 per share |
| Lot size | 6000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| HNI (Min) | 2 | 12,000 | ₹300,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
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 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 11.64 | 7.28 | 3.0 |
| PE ratio | – | – | 8.33 |
| RONW (%) | 208.20 | 56.56 | 16.53 |
| NAV | 8.67 | 19.95 | 13.06 |
| ROCE (%) | 18.30 | 19.28 | 15.70 |
| Debt/Equity | 21.60 | 9.82 | 0.93 |
Company Promoters
- Baldevbhai Patel
- Jayeshkumar Patel
- Kalpesh Patel
- Rekhaben Patel
- Sadhana Patel
- Diksha Patel
Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding | 63.51% |
Lead Manager(s)
- Fedex Securities Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone:+91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
LEAD RECLAIM AND RUBBER PRODUCTS LIMITED
A/8, Sunvilla Complex, Near Chines
Hut Hotel, Dahej, Bypass Road,
Bharuch-392001, Gujarat, India
Phone: +91 73590 10333
E-mail: info@leadrubber.com
Website: www.leadreclaim.com
Allotment Status
Lead Reclaim and Rubber IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Lead Reclaim and Rubber Products 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
