Organic Recycling Systems IPO: The Rs 50.00 crore Organic Recycling Systems IPO is a fixed-price offering. The full 25 lakh share offering is a new issuance.
The IPO price for Organic Recycling Systems is $200 per share. For applications, a minimum lot size of 600 Shares is required. Retail investors are required to make investments of at least 120,000. For HNI, two lots (1,200 shares) are the required minimum investment, totaling 240,000.
The first public offering of Organic Recycling Systems begins accepting subscriptions on September 21, 2023, and ends on September 26, 2023. On Friday, September 29, 2023, the allocation for the IPO of Organic Recycling Systems is anticipated to be completed. The anticipated listing date for the Organic Recycling Systems IPO on the BSE SME is set for Thursday, October 5, 2023.
The Organic Recycling Systems IPO’s book-running lead manager is Arihant Capital Markets Ltd, and the issue’s registrar is Maashitla Securities Private Limited. Arihant Capital Markets is the market maker for Organic Recycling Systems’ IPO.
Organic Recycling Systems IPO Overview
| Organic Recycling Systems Limited Company Overview | |
|---|---|
| Company Name | Organic Recycling Systems Limited |
| IPO Opening Date | 21 September, 2023 |
| IPO Closing Date | 26 September, 2023 |
| Face Value | 10 Rupees Per Share |
| Share Price Range | 200 Rupees Per Share |
| Lot Size | 600 Shares |
| Total IPO Issue Size | 2,500,200 Shares |
| Fresh Issue Size | 2,500,200 Shares |
| IPO Listing At | BSE SME |
| Share Holding Pre Issue | 5,199,075 |
| Share Holding Post Issue | 7,699,275 |
| More IPO’s | Check Here |
Organic Recycling Systems IPO Lot Size
| Organic Recycling Systems Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 1 Lot |
| Maximum Retail Applications | 1 Lot |
| Minimum HNI Applications | 2 Lot |
| Total Shares In Single Lot | 600 Shares |
| Amount For Single Lot | 1,20,000 Rupees |
Organic Recycling Systems IPO Time Table (Tentative)
| Organic Recycling Systems Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 21 September, 2023 |
| IPO Ending Date | 26 September, 2023 |
| Basis Of Allotment | 29 September, 2023 |
| Initiation Of Refund | 03 October, 2023 |
| Shares Credit To Demat Account | 04 October, 2023 |
| Date Of Listing | 05 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 26 September, 2023 (5 PM) |
Organic Recycling Systems IPO Reservation Details
| Organic Recycling Systems Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To HNI | 50% Of Net Offer |
Organic Recycling Systems Company Financials
| Organic Recycling Systems Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 2,534.10 Cr |
| Assets | 11,931.10 Cr |
| Profit After Tax | 365.38 Cr |
| Net Worth | 2,550.07 Cr |
| Reserves And Surplus | 2,014.40 Cr |
| Debt | 6,981.41 Cr |
Is Organic Recycling Systems IPO Good Or Bad To Buy?
In order to create a win-win situation for everyone, the organization is involved in trash management with more technology components. Following the impact of the pandemic, the corporation experienced difficulties for FY21 and FY22.
The MSW projects’ specialized services and solutions segment’s performance in FY23 provides an indication of its future potential. The price of the problem seems to be high. However, savvy investors with extra capital may decide to park their money for medium- to long-term gains.
What Is The Objective Of Organic Recycling Systems IPO Issue?
- For general company objectives.
- Reduction of the Company’s total outstanding borrowings.
How To Apply For Organic Recycling Systems IPO?
- Visit the website of your broker and log in to Console.
- Access Portfolio and select the IPOs link.
- Go to the ‘Organic Recycling Systems IPO’ table and select the ‘Bid’ option.
- Your UPI ID, your quantity, the price.
- Apply for an IPO by clicking “Submit.”
- To authorize the mandate, log into the UPI App (net banking, or BHIM).