Auto Recycling Systems Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
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Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding Capital Expenditure towards Purchase of Plant and Machineries | 77.237 |
| 2 | Funding for Capital Expenditure towards a Pre-Engineered Building for an | 10.376 |
| 3 | Funding Working Capital Requirements | 635 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
Offered to Public
69,00,000
shares
IPO Registrar
KFIN Technologies Ltd.
About the Company
Our Company is engaged in the business of manufacturing aluminium ingots using recycled aluminium scrap as the primary raw material. In addition to our manufacturing operations, we are also involved in the trading of aluminium scrap and other non-ferrous scrap materials, as well as the scrap and wastage generated from our manufacturing process. We manufacture aluminium ingots in various grades, including standard and customized alloys such as ADC 12, ALSI12 Fe, and other customer-specific compositions. Our products are supplied to B2B customers operating in industries such as automotive, electrical, and engineering. Aluminium is widely used metal due to its lightweight, corrosion resistance, conductivity, and recyclability. The secondary aluminium industry, which involves recycling of aluminium scrap, plays a critical role in reducing energy consumption and promoting sustainability. Our operations carried out by our in-house manufacturing facility which is equipped with melting furnaces with controlled temperature systems, alloying and refining capabilities, in-house laboratory for chemical and physical testing, moulding and casting infrastructure, storage and handling facilities for raw material and finished goods. The facility is designed to handle various grades of aluminium scrap and produce ingots with consistent quality. Our Manufacturing unit is located at Khasra No 57 Kila No 5/2/1, 6/2,15/2/ 1/2, Baghola Januali Road, Palwal, Faridabad, Haryana- 121102, India, with an installed capacity of 15,200 MT for processing aluminium scrap. Our in house trained professionals undertake quality checks at various stages of manufacturing, including raw material inspection, in-process monitoring and final testing, to maintain consistency, reliability, compliance across our manufacturing process and to ensure conformity with customer specifications and applicable standards. Our Company has accreditations such as ISO 45001:2018 for occupation health and safety management systems and ISO 14001:2015 for environmental management systems. We supply our products domestically in the state of Haryana, Rajasthan, Uttar Pradesh, Delhi, Uttrakhand, Gujarat, Tamilnadu, Karnataka, Punjab, Himachal Pradesh and Madhya Pradesh.
Use of Proceeds
1. Funding Capital Expenditure towards Purchase of Plant and Machineries 2. Funding for Capital Expenditure towards a Pre-Engineered Building for an Industrial Shed 3. Funding Working Capital Requirements 4. General Corporate Purposes
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The for the Auto Recycling Systems Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.