December 8, 2022
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Baheti Recycling Industries SME IPO Analysis @ Chanakyanipothi.com,
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Baheti Recycling IPO Listing Estimate
The scrip has witnessed solid fancy during last few sessions. We expect heartwarming listing today. As against issue price of Rs. 45, the scrip is expected to list at Rs 100+
Actual listing at Rs. 120
Baheti Recycling IPO Allotment: Click
Baheti Recycling IPO Grey Market updates
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Baheti Recycling IPO Subscription (Closed)
# On 30 November 2022 @ 5.00 pm (Day 3)
NII: 1305000 Shares, 259.21T
RII : 1308000 Shares, 435.65T
Total: 2613000 Shares, 347.53T
| Baheti Recycling Industries IPO Details | |
| IPO opens on | 28 November 2022 |
| IPO closes on | 30 November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 2760000 Shares /Rs 12.42 Crore |
| * Fresh Issue | Rs.12.42 Cr approx. |
| * Offer for Sale | Up to Rs.0 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 45 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 1308000 | 5.88 |
| RII (50 %) | 1308000 | 5,88 |
| Total Shares | 2616000 | 11.76 |
| Retail portion will be oversubscribed by | 436 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 3000 Shares | Rs. 135000 |
| Max Retail Application | 3000 shares | Rs. 135000 |
Promoters of the IPO
Mr. Shankerlal Bansilal Shah
Objects of the IPO:
The Company proposes to utilize the funds which are being raised through this Issue towards
1. Modernization and expansion of existing manufacturing unit
2. To meet Working Capital requirements
| Baheti Recycling IPO Tentative timetable | |
| IPO opens on | 25 November,2022 |
| IPO Closes on | 30 November,2022 |
| IPO Allotment on | 05 December,2022 |
| Unblocking of ASBA | 06 December,2022 |
| Credit to Demat Accounts | 07 December,2022 |
| Listing on | 08 December,2022 |
| Registered Office of Baheti Recycling | |
| A-2/3, L.R. Apartments, Opp. Police Commissioner Office, Shahibaug, Ahmedabad – 380 004, Gujarat, India |
|
| Baheti Recycling Industries IPO Lead Managers | |
| Hem Securities | |
| Registrar to Baheti Recycling Industries IPO | |
| Purva ShareRegistry |
| Baheti Recycling Industries IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 105.96 | 0.19 | 0.31 | 1.86 |
| 2020-21 | 127.80 | 0.48 | 0.76 | 4.42 |
| 2021-22 | 249.26 | 2.92 | 3.84 | 17.49 |
| Book Value of the Share on | 31.03.2022 | Rs.21.94 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 45 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 11.7 |
| Upper Price/book value | 2.05 |
| Upper offer price/BV after IPO Ratio | |
| Baheti Recycling Industries IPO Peer Comparison | |||
| As on date of DRHP | Total | Net | PE |
| Income | Profit | Ratio of | |
| Rs.in Cr | Rs. in Cr | ||
| The IPO Company | 249.26 | 2.92 | 11.70 |
| Arfin India | 528 | 24.22 | |
| Nupur Recyclers | 163 | 17.80 | |
# 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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