Lead Reclaim and Rubber Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 24, 2023Let’s have a detailed review of the company and analytics of the Lead Reclaim and Rubber Products IPO release date, IPO offer price, subscription, Lead Reclaim and Rubber Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 25 |
| Listing At | NSE, SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Feb 21, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 488 Lakh |
| IPO Size | Rs 488 Lakh |
| Tick Size | 1 |
Lead Reclaim and Rubber Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Lead Reclaim and Rubber Products IPO – Summary
Their Company was originally incorporated in Ahmedabad as “Lead Amber Microtech Limited” on October 31, 2012 under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat.
Consequently, the name of their Company was changed to “Lead Reclaim and Rubber Products Limited” vide fresh certificate of incorporation dated December 31, 2013 issued by the Registrar of Companies, Ahmedabad, Gujarat.
The Promoter of this company is BALDEVBHAI PATEL, JAYESHKUMAR PATEL, KALPESH PATEL, REKHABEN PATEL, SADHANA PATEL AND DIKSHA PATE. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Lead Reclaim and Rubber Products IPO Date
The opening and closing dates of Lead Reclaim and Rubber Products IPO are Feb 9, 2023 and Feb 13, 2023 respectively.
Lead Reclaim and Rubber Products IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 9th Feb | 1.37x | 2.83x | 2.10x |
| 2nd Day – 10th Feb | 2.18x | 6.39x | 4.28x |
| 3rd Day – 13th Feb | 87.56x | 64.41x | 75.98x |
| Shares Offered or Net Issue | 924,000 | 924,000 | 1,848,000 |
The shares subscribed by the public will be updated here.
Lead Reclaim and Rubber Products IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Lead Reclaim and Rubber Products Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 16, 2023 |
| Refunds Initiation | Feb 17, 2023 |
| Credit of Shares to Demat Account | Feb 20, 2023 |
| Share Listing Date | Feb 21, 2023 |
Lead Reclaim and Rubber Products IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.25
Lead Reclaim and Rubber Products IPO Equity Size
This Initial Public Issue of 1,950,000 Equity Shares of Rs.10 each for cash at a price of Rs.25 per equity share aggregating to Rs.488 Lakh.
Lead Reclaim and Rubber Products IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,950,000 Equity Shares of Rs.10/ each.
Issue Size: 1,950,000 Equity Shares of Rs.10 each, aggregating to Rs.488 Lakh
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Lead Reclaim and Rubber Products IPO – Live Performance
The listing date of this IPO is Feb 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Lead Reclaim and Rubber Products Share Price |
Lead Reclaim and Rubber Products IPO Grey Market Premium
The Lead Reclaim and Rubber Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Lead Reclaim and Rubber Products IPO – Company Overview
Their Company is in the business of manufacturing of reclaimed rubber, crumb rubber powder and rubber granules. Their Company focus on a) saving valuable natural resources by way of recycling; and b) helping their customers fulfil their circularity aspirations through use of their reclaimed rubber products.
They believe that they are one of the few companies in their reclaimed rubber industry that can process radial rubber, scrap tyre and tube rubber.
Their 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.
Their manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the recycling process to ensure that their finished product conforms to the exact requirement of their customers.
Lead Reclaim and Rubber Products IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 994.65 | 704.32 | 594.88 | 532.45 |
| *Total Revenue | 498.99 | 1036.93 | 706.26 | 483.67 |
| Total Expense | 450.91 | 970.60 | 654.17 | 440.52 |
| Profit After Tax | 35.55 | 47.87 | 22.74 | 36.36 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.88 | 3.00 | 7.28 | 11.64 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 35.55 Lakh, Rs. 47.87 Lakh, Rs. 22.74 Lakh and Rs. 36.36 Lakh respectively.
Lead Reclaim and Rubber Products IPO – Promoters
The Promoter of this company is:
- BALDEVBHAI PATEL,
- JAYESHKUMAR PATEL,
- KALPESH PATEL,
- REKHABEN PATEL,
- SADHANA PATEL
- DIKSHA PATEL
List of Related Parties (Key Managerial Personnel)
- Baldevbhai Patel, Chairman and Non-Executive Director
- Jayeshkumar Patel, Managing Director
- Kalpesh Patel, Whole-Time Director
- Manish Patel, Independent Director
- Hetalben Patel, Independent Director
- Mayankkumar Dalsania, Independent Director
Lead Reclaim and Rubber Products IPO – Promoters Holding
- Pre-Issue Share Holding – 86.48%
- Post Issue Share Holding – %
Lead Reclaim IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 19,50,000 Equity Shares aggregating up to Rs.488 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 53,91,675 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Lead Reclaim and Rubber Products IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding their working capital requirements;
2. Purchase of plant and machinery for augmenting their Manufacturing Facility; and
3. General corporate purposes
Lead Reclaim and Rubber Products IPO – Business Strategy
- Increasing their capability to manufacture reclaimed rubber from radial and tubeless tyre
- Augmenting growth in domestic and international markets
- Continue to strive for cost efficiency
Lead Reclaim and Rubber Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- In-house manufacturing facility supported by technology driven process
- Their long-standing relationships and diversified with their customers;
- Stringent quality control mechanism ensuring standardized product quality;
- Strong and diversified supplier base for sourcing raw material; and
- Experienced Promoter supported by dedicated team
- Consistent financial performance with focus on growth of their Company
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.00 | 16.53 % | 13.06 |
| 31-Mar-21 | 7.28 | 56.56 % | 19.95 |
| Mar-20 | 11.64 | 208.20% | 8.67 |
Lead Reclaim IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Lead Reclaim and Rubber Products Limited | 10 | [●] | 3.00 | 16.53% | 1036.93 |
| Listed Peers | |||||
| GRP Limited | 10 | 45.39 | 43.39 | 4.13% | 38,927.00 |
Lead Reclaim and Rubber Products IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Saipan Sanghvi SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Lead Reclaim and Rubber Products IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Cave Road, Andheri – [East], Mumbai – 400093, Maharashtra, India. Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Aniket Chindarkar SEBI Registration No.: INR000001385 |
Lead Reclaim and Rubber Products IPO – Other Details
- Statutory Auditor – M/s DKN & Associates, Chartered Accountants
- Legal Counsel to the Company – Samvitti Legal
- Bankers to the Company – ICICI BANK LIMITED
Lead Reclaim IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Lead Reclaim and Rubber Products Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Lead Reclaim and Rubber Products IPO Review FAQs
Check out various FAQs related to Lead Reclaim and Rubber Products IPO:
What is the Issue Size of Lead Reclaim IPO?
The Company is making an initial public offer of 1,950,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Lead Reclaim IPO?
The price band for this particular IPO ranges between Rs 25. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Lead Reclaim IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 9, 2023, while the closing date is set at Feb 13, 2023.
What is the Lead Reclaim IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 16, 2023, refund initiation is on Feb 17, 2023, credit of shares is on Feb 20, 2023, and share listing date is on Feb 21, 2023.
What is the Lead Reclaim IPO Listing Date?
Shares of this company shall be listed in the exchanges Feb 21, 2023. The date, when the listing would be done, is stagnant on Feb 21, 2023.
Who is the Registrar of Lead Reclaim IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Lead Reclaim IPO?
Here are the promoters of this IPO – BALDEVBHAI PATEL, JAYESHKUMAR PATEL, KALPESH PATEL, REKHABEN PATEL, SADHANA PATEL AND DIKSHA PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Lead Reclaim IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Lead Reclaim and Rubber Products IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Lead Reclaim and Rubber Products Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 47.87, 2021 is 22.74, and 2020 is 36.36. PAT from Sep 2022 is 35.55.
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