Horizon Reclaim IPO 2026: Dates, Price Band, GMP

What is coming to the market

Horizon Reclaim (India) is set to enter the primary market with an SME initial public offering (IPO) that opens on June 12, 2026. The issue is scheduled to close on June 16, 2026, and the shares are expected to list on the BSE SME platform on June 19, 2026, subject to completion of post-issue formalities. The company is described as a Saharanpur-based reclaimed rubber manufacturer in the provided details. The IPO is structured as a 100% fresh issue, meaning the company, not existing shareholders, will receive the proceeds from the offer. The headline fundraising target mentioned is ₹54.27 crore.

Key IPO dates investors should track

The timeline provided outlines a tight schedule typical of SME book-built issues. The anchor investor bidding date is stated as June 11, 2026. The public issue opens the next day, with bidding open through June 16. The basis of allotment is expected to be finalized on June 17, followed by refunds and credit of shares on June 18. The tentative listing date is June 19, 2026 on BSE SME.

Issue size, price band, and face value

Horizon Reclaim (India) is launching an IPO of 52,69,200 equity shares, described as a 100% fresh issue. The issue price is book-built within a price band of ₹98 to ₹103 per share. The face value is listed as ₹10 per share. At the upper end of the band, the company aims to raise ₹54.27 crore.

Lot size and minimum application amounts

The lot size for the issue is 1,200 shares. Retail investors are required to apply for a minimum of two lots, taking the minimum retail application to 2,400 shares. At the upper price band of ₹103, this works out to ₹2,47,200. For non-institutional investors (NIIs), the minimum application is three lots or 3,600 shares, which equals ₹3,70,800 at ₹103 per share. These application thresholds matter because they define the minimum cheque size needed to participate in each category.

Reservation and allocation across investor categories

Disclosed allocation figures show shares reserved for qualified institutional buyers (QIBs), NIIs, and retail investors, along with a market maker portion. The QIB portion is stated as 25,02,000 shares, NIIs as 7,51,200 shares, and retail investors as 17,52,000 shares. The market maker portion is 2,64,000 shares. The IPO reservation table also references anchor investors, stating 15,01,200 shares for the anchor portion, shown as 28.49% in the excerpt.

Anchor investors: date, portion, and lock-in references

The anchor bidding date is June 11, 2026, ahead of the public opening. The shares offered to anchor investors are stated as 15,01,200 shares. The material also mentions lock-in period end dates for 50% of shares after 30 days and 50% after 90 days, with the year shown as 2026, though no specific dates are provided in the excerpt. The anchor investor list itself is not included in the provided text.

Grey market premium (GMP) and implied listing estimate

The grey market premium (GMP) cited is ₹15 per share as of June 9, 2026. Based on that GMP and the upper issue price of ₹103, the implied listing price estimate mentioned is around ₹118. The same source notes an indicative gain of 14.56% over ₹103. GMP is an unofficial indicator and is not a price set by the exchange or the company, but it is widely tracked for sentiment.

Registrar, exchange, and issue type

The issue is described as a book-built IPO and is proposed to list on BSE SME. The registrar is named as KFin Technologies Ltd. The details also reference a market maker reservation portion of up to 2.64 lakh shares, aligning with the market maker portion of 2,64,000 shares stated elsewhere in the text.

Company location and contact details shared in the notice

The provided information lists the company address as Khasra No. 9, Dehradun Road, Near Nirankari Bhawan, Village-Kumar Hera, Saharanpur, Uttar Pradesh - 247001. Contact details include the email cs@horizonreclaim.com and the website https://horizonreclaim.com/. Phone numbers shown include +91 8171000900 and +91 40 6716 2222 (also referenced as 91 40 6716 2222/18003094001 in one block).

Key details at a glance

Share allocation snapshot from the disclosed split

Why these numbers matter for investors

For SME IPOs, investor eligibility and subscription mechanics are heavily shaped by lot sizes and category cut-offs. Here, the minimum retail ticket size at the upper band is ₹2,47,200 because retail applicants must apply for two lots. The disclosed allocation split also indicates where demand could concentrate, with a significant portion earmarked for QIBs and a defined retail bucket. The anchor participation date and portion provide an additional data point on institutional interest ahead of the public bidding window.

Conclusion

Horizon Reclaim (India) will open its ₹54.27 crore BSE SME IPO from June 12 to June 16, 2026, with pricing set at ₹98-₹103 per share and listing expected on June 19. Investors tracking the issue will likely focus on the anchor bidding on June 11, the allotment date of June 17, and the GMP reading of ₹15 reported as of June 9, 2026.