Organic Recycling Systems Limited

Company Profile
Company Name Organic Recycling Systems Limited
Open Date 21-09-2023
Close Date 26-09-2023
Exchange BSE SME
Lot Size 600 Shares
Issue Price ₹200 per share
Issue Size 2,500,200 shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Organic recycling systems Ltd is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain. Company has been a forerunner in providing sustainable waste management solutions in India since 2008. Incorporated by technocrats’ company’s primary focus has been on developing robust, cost effective & environment friendly technologies that are simple to operate. Company has a proven technology and capability of successfully running one of India’s first Waste to Energy (WTE) plant developed on anaerobic bio methanation technology. As on the date of prospectus, the company had 36 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 1,343.89 808.86 2,550.07
Net Assets 10,272.67 10,669.34 11,931.09
Total Borrowings 5,449.89 5,418.38 6,981.41
Total Revenue 1,578.18 1,756.67 2,534.11
Profit After Tax -449.22 -534.64 365.39

Tentative Timeline

Opening Date 21-09-2023
Closing Date 26-09-2023
Basis of Allotment 28-09-2023
Initiation of Refunds 03-10-2023
Credit of Shares to Demat 04-10-2023
Listing Date 05-10-2023

Objects of the Issue

Reduction of the aggregate outstanding borrowings of the Company.
Towards General Corporate Purpose.

Contact Information

Registered Office Organic Recycling Systems Limited Office No. 1003, 10th Floor, The Affaires Plot No. 9, Sector-17, Sanpada, Navi Mumbai- 400705
Phone 022-41702222

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96

IPO Reservation

Market Maker Shares Offered 130,200 (5.21%)
Other Shares Offered 1,185,000 (47.40%)
Retail Shares Offered 1,185,000 (47.40%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 30.14%
Share Holding Post Issue (Promoters) 20.35%

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