Baheti Recycling Industries Limited

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
Email	info@bahetiindustries.com
Website	https://www.bahetiindustries.com/

Offer Documents

Baheti Recycling Industries IPO DRHP

Baheti Recycling Industries IPO RHP

Registrar Details

Name	Purva Sharegistry India Pvt Ltd
Phone	91-022-23018261/ 23016761
Email	support@purvashare.com
Website	https://www.purvashare.com/queries/

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%