Horizon Reclaim (India) IPO to Launch June 12, Targeting Rs 54.27 Crore
Horizon Reclaim (India) is poised to launch its initial public offering (IPO) on June 12, 2026, with an ambitious goal to raise Rs 54.27 crore. The public issue, comprising 52,69,200 equity shares, is set to be listed on BSE’s SME Platform, marking a significant step for the company in tapping the capital markets.
The price band for the upcoming IPO has been fixed between Rs 98 and Rs 103 per equity share. Investors will have a five-day window to subscribe to the issue, with the subscription period commencing on June 12, 2026, and concluding on June 16, 2026. This offering represents a strategic move by Horizon Reclaim (India) to secure funding for its operational and growth objectives.
Each share in the offering holds a face value of Rs 10. Based on the price band, this translates to a price-to-face value multiple of 9.80 times at the lower end and 10.30 times at the higher end. Such pricing details are crucial for potential investors evaluating the company’s valuation ahead of its market debut.
GYR Capital Advisors has been appointed as the book running lead manager for this IPO, overseeing the offering process. Deeksha Thakral has been designated as the compliance officer, ensuring adherence to regulatory standards throughout the IPO journey. While the specific business profile of Horizon Reclaim (India) was truncated in the source, the company’s foray into the public market signifies its intent to expand and strengthen its position within its industry.
The listing on BSE’s SME Platform provides a dedicated avenue for smaller and medium-sized enterprises to raise capital, offering visibility and liquidity to their shares. This platform is designed to support emerging businesses, facilitating their growth and enabling them to access a broader investor base. Horizon Reclaim (India)’s listing will add to the growing roster of companies leveraging this specialized segment of the Indian stock exchange.