Incorporated in 2012, Lead Reclaim and Rubber Products Limited is in the business of manufacturing reclaimed rubber, crumb rubber powder, and rubber granules.
The manufacturing unit of the company is situated in Sarali Road Village – Pithai, Taluka- Kathalal, Kheda. The unit is spread over a total land area of approximately 7790 sq. mts with a total install capacity of 5520 metric tons. The manufacturing facility is accredited with ISO 9001:2015 certifications for quality management systems.
Lead Reclaim focuses highly on:
- Saving valuable natural resources by way of recycling; and
- Helping our customers fulfill their circularity aspirations through the use of our reclaimed rubber products
The product diversification of the company allows it to fulfill the requirements of varied customers. Their product range varies in grades, thickness, widths, and standards of various grades of whole tyre reclaim rubber, butyl reclaims rubber and natural reclaimed rubber.
Lead Reclaim and Rubber Products to deliver its offerings to OEMs, Tier I companies in the automotive manufacturing sector, distributors, and dealers.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 532.45 | 483.67 | 36.36 | 17.47 | 377.25 |
| 31-Mar-21 | 594.88 | 706.26 | 22.74 | 40.2 | 394.67 |
| 31-Mar-22 | 704.32 | 1036.93 | 47.87 | 289.57 | 269.3 |
| 30-Sep-22 | 994.65 | 498.99 | 35.55 | 555.63 | 271.38 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- Purchase of plant and machinery for augmenting our Manufacturing Facility; and
- General corporate purposes
Lead Reclaim and Rubber Products IPO Details
| IPO Date | Feb 9, 2023 to Feb 13, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,950,000 shares of ₹10 (aggregating up to ₹4.88 Cr) |
| Fresh Issue | 1,950,000 shares of ₹10 (aggregating up to ₹4.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SVCM SECURITIES PRIVATE LIMITED |
| Company Promoters | Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel and Diksha Patel are the promoters of the company. |
Lead Reclaim and Rubber Products IPO Tentative Timetable
Lead Reclaim and Rubber Products IPO opens on Feb 9, 2023, and closes on Feb 13, 2023. The Lead Reclaim and Rubber Products IPO bid date is from Feb 9, 2023 10.00 A.M. to Feb 13, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 9, 2023 |
| Closing Date | Feb 13, 2023 |
| Basis of Allotment | Feb 16, 2023 |
| Initiation of Refunds | Feb 17, 2023 |
| Credit of Shares to Demat | Feb 20, 2023 |
| Listing Date | Feb 21, 2023 |
Lead Reclaim and Rubber Products IPO Lot Size
The Lead Reclaim and Rubber Products IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| HNI (Min) | 2 | 12,000 | ₹300,000 |
Lead Reclaim and Rubber Products IPO Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding | 63.51% |
Lead Reclaim and Rubber Products IPO Review
The company is operating in a highly competitive segment. It has posted inconsistencies in its top and bottom lines for the reported periods. Based on H1-FY23 earnings, the issue is aggressively priced. There is no harm in skipping this pricey issue. Read detail review…
Lead Reclaim and Rubber Products IPO Prospectus
Company Contact Information
Lead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej, Bypass Road,
Bharuch-392001
Phone: +91 73590 10333
Email: info@leadrubber.com
Website: http://www.leadreclaim.com/
Lead Reclaim and Rubber Products IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com