Last updated on October 6, 2023
Organic Recycling IPO description – Incorporated in 2008, Organic Recycling Systems focuses primarily on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven capabilities of successfully running one of India’s first Waste to Energy (WTE) plants developed on anaerobic biomethanation technology.
The anaerobic biomethanation technique has been recognized as a promising technology as per the National Master Plan issued by the government of India, it has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
The business verticals include the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model, and the supply of key equipment.
Promoters of Organic Recycling – Mr. Sarang Bhand
Table of Contents
Organic Recycling IPO Details
| Organic Recycling IPO Dates | 21 – 26 September 2023 |
| Organic Recycling Issue Price | INR 200 per share |
| Fresh issue | 25,00,200 shares (INR 50.01 crores) |
| Offer For Sale | NIL |
| Total IPO size | 25,00,200 shares (INR 50.01 crores) |
| Minimum bid (lot size) | 600 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Organic Recycling Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 12.52 | 14.61 | 24.72 |
| Expenses | 20.27 | 22.91 | 20.68 |
| Net income | (4.49) | (5.35) | 3.65 |
Organic Recycling Offer News
- Organic Recycling RHP
- Organic Recycling Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Organic Recycling Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (10.15) | (12.09) | 7.83 |
| PE ratio | – | – | 25.54 |
| RONW (%) | (33.24) | (66.15) | 14.33 |
| NAV | – | – | 49.05 |
| ROCE (%) | 5.41 | 3.91 | 13.06 |
| EBITDA (%) | 26.10 | 14.65 | 46.50 |
| Debt/Equity | – | – | – |
Organic Recycling IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 October 2023 | 10 | – | 6,000 |
| 4 October 2023 | 10 | – | 6,000 |
| 3 October 2023 | 10 | – | 6,000 |
| 27 September 2023 | 4 | – | – |
| 26 September 2023 | 4 | – | – |
| 25 September 2023 | 4 | – | – |
| 23 September 2023 | 7 | – | – |
| 22 September 2023 | 7 | – | – |
| 21 September 2023 | 10 | – | – |
| 20 September 2023 | 10 | – | – |
| 19 September 2023 | 10 | – | – |
Organic Recycling IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,250,100 | 1,250,100 | 2,500,200 |
| 26 Sep 2023 | 4.16 | 2.09 | 3.13 |
| 25 Sep 2023 | 1.97 | 1.03 | 1.50 |
| 22 Sep 2023 | 1.62 | 0.39 | 1.00 |
| 21 Sep 2023 | 0.81 | 0.16 | 0.48 |
Organic Recycling IPO Allotment Status
Organic Recycling IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Organic Recycling IPO Dates & Listing Performance
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 26 September 2023 |
| Finalization of Basis of Allotment | 29 September 2023 |
| Initiation of refunds | 30 September 2023 |
| Transfer of shares to demat accounts | 5 October 2023 |
| IPO Listing Date | 6 October 2023 |
| Opening Price on BSE SME | INR 215 per share (up 7.50%) |
| Closing Price on BSE SME | INR 225.75 per share (up 12.88%) |
Organic Recycling Offer Lead Manager
ARIHANT CAPITAL MARKETS LIMITED
#1011, Solitaire Corporate Park, Guru Hargovindji Road,
Chakala, Andheri (E), Mumbai – 400 093
Phone: 022-42254800
Email:Â [email protected]
Website:Â www.arihantcapital.com
Organic Recycling Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795
Email:Â [email protected]
Website:Â www.maashitla.com
Organic Recycling Contact Details
ORGANIC RECYCLING SYSTEMS LIMITED
Office No. 1003, 10th Floor, The Affaires Plot No. 9,
Sector-17, Sanpada, Navi Mumbai- 400705
Phone: 022-41702222
E-mail: [email protected]
Website: www.organicrecycling.co.in
IPO FAQs
What is Organic Recycling Issue offer size?
Organic Recycling offer size is INR 50.01 crores.
What is the Organic Recycling offer price band?
Organic Recycling public offer price is INR 200 per share.
What is the lot size of Organic Recycling public offer?
Organic Recycling offer lot size is 600 shares.
What is Organic Recycling IPO GMP today?
Organic Recycling IPO GMP today is INR 10 per share.
What is Organic Recycling kostak rate today?
The organic recycling kostak rate today is INR NA per application.
What is Organic Recycling Subject to Sauda rate today?
Organic Recycling Subject to Sauda rate today is INR 6,000 per application.
