Organic Recycling Systems Limited IPO
BSE SMEListed On: Oct 6, 2023 at ₹ 215.0
₹ 120000 /600 Shares
Check AllotmentOrganic Recycling Systems IPO Details
21 Sep, 2023
Open Date26 Sep, 2023
Close Date28 Sep, 2023
Allotment Date06 Oct, 2023
Listing DateIssue Price
₹200 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Private LimitedList Price
215.0Listing Date
2023-10-06Market Lot
600 Shares (₹120,000/-)Lead Manager
Arihant Capital Markets LtdIssue Size
2,500,200 shares (aggregating up to ₹50.00 Cr)Retail Portion
50%Subscription
3.30 timesOrganic Recycling Systems IPO Subscription 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
Earnings Per Share (EPS)
₹7.83/-P/E Ratio
25.54RoNW
14.33%Net Asset Value (NAV) - Post Issue
₹N/A/-Organic Recycling Systems Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 30.14%
Post Issue Share Holding: 20.35%
Company Promoter(s)
- Mr. Sarang Bhand
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. The size of Organic Recycling Systems Limited IPO is 2,500,200 shares (aggregating up to ₹50.00 Cr).
Ans. The IPO price band is set between ₹200 per equity share.
Ans. To apply for Organic Recycling Systems Limited IPO 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 allotment status for Organic Recycling Systems Limited IPO here.
