Organic Recycling Systems Limited IPO
BSE SMEListed On: Oct 6, 2023 at ₹ 215.0
₹ 240000 /1200 Shares
*Min Investment
21 Sep, 2023
Open Date26 Sep, 2023
Close Date28 Sep, 2023
Allotment Date06 Oct, 2023
Listing DateOrganic Recycling Systems IPO Issue Details
- Issue Price ₹200 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 2,500,200 shares (aggregating up to ₹50.00 Cr)
- Listing at BSE SME
- List Price 215.0
- Listing Date 2023-10-06
- Lead Manager Arihant Capital Markets Ltd
- Registrar Maashitla Securities Private Limited
Organic Recycling Systems IPO Details
- Retail Portion 50%
Organic Recycling Systems IPO Details
Organic Recycling Systems Limited IPO is an SME IPO, priced at ₹200 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Sep 21, 2023 to Sep 26, 2023. The allotment is expected to be finalized on Sep 28, 2023, and the tentative listing date is Oct 6, 2023.
The registrar of the IPO is Maashitla Securities Private Limited, and
Organic Recycling Systems IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Day 1 - 21-09-23 05:00 PM | 0.85 x | 0.17 x | 0.51 x |
Day 2 22-09-23 05:00 PM | 1.59 x | 0.38 x | 0.99 x |
Day 3 25-09-23 05:00 PM | 1.97 x | 1.09 x | 1.53 x |
Day 4 26-09-23 05:00 PM | 4.39 x | 2.21 x | 3.30 x |
Organic Recycling Systems Valuations
Organic Recycling Systems Company Financials
| 30-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 11,931.10 | 10,669.35 | 10,272.69 |
| Revenue | 2,534.10 | 1,756.67 | 1,578.18 |
| Profit After Tax | 365.38 | -535.03 | -449.37 |
About Organic Recycling Systems Company
Organic Recycling Systems IPO is a fixed price issue of Rs 50.00 crores. The issue is entirely a fresh issue of 25 lakh shares.
Organic Recycling Systems IPO opens for subscription on September 21, 2023 and closes on September 26, 2023. The allotment for the Organic Recycling Systems IPO is expected to be finalized on Friday, September 29, 2023. Organic Recycling Systems IPO will list on BSE SME with tentative listing date fixed as Thursday, October 5, 2023.
Organic Recycling Systems IPO price is ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000.
Organic Recycling Systems - Promoter(s)
Mr. Sarang Bhand
Pre Issue Share Holding : 30.14%
Post Issue Share Holding : 20.35%
Organic Recycling Systems IPO - Issue Objectives
Reduction of the aggregate outstanding borrowings of the Company.
Towards general corporate purposes.
Organic Recycling Systems IPO - FAQs
Ans. Organic Recycling Systems Limited IPO is a SME IPO. The issue is priced at ₹200 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Sep 21, 2023, and closes on Sep 26, 2023. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Organic Recycling Systems Limited IPO opens on Sep 21, 2023 and closes on Sep 26, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Organic Recycling Systems Limited IPO is 2,500,200 shares (aggregating up to ₹50.00 Cr).
Ans. The Organic Recycling Systems Limited IPO price band is set between ₹200 per equity share.
Ans. To apply for Organic Recycling Systems Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Organic Recycling Systems Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Organic Recycling Systems Limited IPO is Sep 28, 2023.
Ans. The Organic Recycling Systems Limited IPO will be listed on Oct 6, 2023.
Ans. Follow the steps to check the Organic Recycling Systems Limited IPO allotment status online.
