Baheti Recycling Industries Limited

Company Profile
Company Name Baheti Recycling Industries Limited
Open Date 28-11-2022
Close Date 30-11-2022
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 45 per share
Issue Size 27,60,000 Equity Shares
Application Amount ₹ 1,35,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was incorporated in the year 1994 in Ahmedabad, Gujarat. Company is into aluminium recycling, primarily engaged in processing aluminium based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. Company’s manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) has 12,000 MT installed capacity for processing aluminium scrap. Company primarily caters to the automotive parts and steel sector in India. Company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.
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Summary of Financials (All financials in Lakh)

For the Period Ended May-22 Mar-22 Mar-21
Total Assets 7,939.48 8,190.39 1,081.02
Net Assets 1,726.87 1,669.51 1,081.02
Total Borrowings 4,508.55 5,042.08 3,758.76
Total Revenue 5,757.01 24,926.06 12,780.02
Profit After Tax 57.36 291.98 47.78

Tentative Timeline

Opening Date 28-11-2022
Closing Date 30-11-2022
Basis of Allotment 05-12-2022
Initiation of Refunds 06-12-2022
Credit of Shares to Demat 07-12-2022
Listing Date 08-12-2022

Objects of the Issue

Modernization and expansion of existing manufacturing unit.
To meet Working Capital requirements.
General Corporate Purpose.
To meet issue expenses.

Contact Information

Registered Office Baheti Recycling Industries Limited A-2/3, L.R. Apartments, Opp. Police Commissioner Office, Shahibaug Ahmedabad – 380 004, Gujarat
Phone 91-79-25627681/82

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone 91-022-23018261/ 23016761

IPO Reservation

Market Maker Shares Offered 147,000 (5.33%)
Other Shares Offered 1,305,000 (47.28%)
Retail Shares Offered 1,308,000 (47.39%)
Total Shares Offered 2,760,000 (100%)

Shareholding Pattern

Share holding pre issue (Promoters) 99.98%
Share holding post issue (Promoters) 73.37%

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