February 22, 2023
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Lead Reclaim & Rubber Products IPO Analysis at Chanakyanipothi.com,
the Oldest & the most Trusted Investment Blog in India. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Lead Reclaim & Rubber Products IPO Guidance:
Indong Tea Company IPO Guidance
The grey market is in cold storage and the attraction to sell in grey market is gone. So one has to decide about applying just based on the fundamentals of this IPO. The size of the IPO is very small. The company has very small profits. The Offer at Rs. 25 per share is reasonable, if this profits continue even in the coming years. Considering some risk, you may apply in this IPO. Huge returns are not expected.
Lead Reclaim IPO Grey Market updates
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Lead Reclaim IPO Subscription Status
On 13 February 2023 @ 5.00 pm (Closed)
NII: 924000 Shares, 87.56T
RII: 924000 Shares, 64.41T
Total: 1848000 Shares 75.98T
Lead Reclaim & Rubber Products: Company Details
Its manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the recycling process to ensure that our finished product conforms to the exact requirement of its customers. Its manufacturing facility is accredited with ISO 9001:2015 certifications for quality management system.
Its Product Portfolio offers a diversified product range which includes variety of grades, thickness,
widths and standards of various grades of whole tyre reclaim rubber, butyl reclaim rubber and natural
reclaimed rubber. Currently, it sells its products to OEM’s, Tier I companies in the automotive
manufacturing sector, distributors and dealers. It also sells its products to foreign buyers located in Sri
Lanka, Argentina, Turkey, China, etc through merchant exporters.
The Company is in the business of manufacturing of reclaimed rubber, crumb rubber powder and rubber granules. The Company focus on a) saving valuable natural resources by way of recycling; and b) helping its customers fulfil their circularity aspirations through use of our reclaimed rubber products. Its manufacturing facility is situated at 856/4, Sarali Road Village – Pithai, Taluka- Kathalal, Kheda – 387630, Gujarat, which is spread over a total land area of approximately 7790 Sq. mts. with the existing plant occupying approximately 2253 Sq. mts with the total install capacity of 5520 metric tons.For more information about the company, Click www.leadreclaim.com
| Lead Reclaim IPO Details | |
| IPO opens on Tentative | 9 February 2023 |
| IPO closes on | 13 February 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1950000 Sh /Rs 4.88 Cr |
| * Fresh Issue | 1950000 Sh /Rs 4.88 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.25 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 6000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 924000 | 2.31 |
| RII (50 %) | 924000 | 2.31 |
| Total Shares | 1848000 | 4.62 |
| Retail portion will be oversubscribed by | 154 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 6000 Sh | Rs. 150000 |
| Max Retail Application | 12000 Sh | Rs. 300000 |
Promoters of the IPO
BALDEVBHAI PATEL, JAYESHKUMAR PATEL, KALPESH PATEL, REKHABEN PATEL, SADHANA PATEL AND DIKSHA PATEL
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
1. Funding our working capital requirements
2. Purchase of plant and machinery for augmenting its Manufacturing Facility.
| Lead Reclaim IPO Tentative timetable | |
| IPO opens on | 9 February 2023 |
| IPO Closes on | 13 February 2023 |
| IPO Allotment on | 16 February 2023 |
| Unblocking of ASBA | 17 February 2023 |
| Credit of Shares | 20 February 2023 |
| Listing on | 21 February 2023 |
| Registered Office of Lead Reclaim |
| A/8, Sunvilla Complex, Near Chines Hut Hotel, Dahej, Bypass Road, Bharuch-392001, Gujarat, India. |
| IPO Lead Managers |
| FEDEX SECURITIES Pvt Ltd |
| Registrar to the IPO |
| BIGSHARE SERVICES Pvt. Ltd. |
| Lead Reclaim IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 4.24 | 0.36 | 11.64 | 208 |
| 2020-21 | 7.06 | 0.23 | 7.28 | 56.56 |
| 2021-22 | 10.37 | 0.48 | 3.00 | 16.53 |
| Book Value of the Share on | 31.03.2022 | Rs.13.06 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 25 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 8 |
| Upper price/BV Ratio | 2 |
| Upper price/BV after IPO | |
Lead Reclaim IPO Peer Comparison:
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 103.69 | 8 |
| GRP Ltd | 10 | 389.27 | 45.39 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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