The Organic Recycling Systems Limited IPO is a fixed price offering, raising Rs 50.00 crores through the issuance of 25 lakh fresh shares.
Here are the key details:
- Subscription Period: The Organic Recycling Systems IPO opens for subscription on September 21, 2023, and closes on September 26, 2023.
- Allotment Date: The allotment for the Organic Recycling Systems IPO is expected to be finalized on Friday, September 29, 2023.
- Listing Date: The shares from the Organic Recycling Systems IPO are set to list on BSE SME, with a tentative listing date scheduled for Thursday, October 5, 2023.
- IPO Price: Each share in the Organic Recycling Systems IPO is priced at ₹200.
- Lot Size: The minimum lot size for an application is 600 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹120,000 to participate in the IPO. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, equivalent to 1,200 shares, amounting to ₹240,000.
- Key Players: Arihant Capital Markets Ltd is the book running lead manager for the Organic Recycling Systems IPO, while Maashitla Securities Private Limited serves as the registrar for the issue. Arihant Capital Markets acts as the market maker for this IPO.
These details provide a comprehensive overview of the Organic Recycling Systems IPO, making it easier for potential investors to participate in this offering.
Organic Recycling Systems IPO Details #
| IPO Date | September 21, 2023 to September 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹200 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,500,200 shares (aggregating up to ₹50.00 Cr) |
| Fresh Issue | 2,500,200 shares (aggregating up to ₹50.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,199,075 |
| Share holding post issue | 7,699,275 |
| Market Maker portion | 130,200 shares Arihant Capital Markets |
Organic Recycling Systems IPO Reservation #
| Other Shares Offered | 50% of the Net Issue Including Qualified Institutional Buyers |
| Retail Shares Offered | 50% of the Net Issue |
Organic Recycling Systems IPO Timeline (Tentative Schedule) #
Organic Recycling Systems IPO opens on September 21, 2023, and closes on September 26, 2023.
| IPO Open Date | Thursday, September 21, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Friday, September 29, 2023 |
| Initiation of Refunds | Tuesday, October 3, 2023 |
| Credit of Shares to Demat | Wednesday, October 4, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
Organic Recycling Systems IPO Lot Size #
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| HNI (Min) | 2 | 1,200 | ₹240,000 |
| Lot Size Calculator | |||
Organic Recycling Systems IPO Promoter Holding #
Mr. Sarang Bhand is the promoter of the company.
| Share Holding Pre Issue | 30.14% |
| Share Holding Post Issue | 20.35% |
About Organic Recycling Systems IPO #
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.
Organic Recycling Systems’s business verticals include the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the Supply of Key Equipment. The company offers services such as EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more.
Organic Recycling Systems (ORS) also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
ORS has developed a patented DRY ANAEROBIC DIGESTION (DRYAD) technology which is capable of treating several kinds of waste and the same is also proven through its use in the Solapur plant.
Competitive Strength:
Proven Technology and capability.
Penetration into Multiple Business Verticals.
Lucrative Prospects of the Market.
UN Sustainability Development Goals.
Experience of the Promoters and Management personnel.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10,272.69 | 10,669.35 | 11,931.10 |
| Revenue | 1,578.18 | 1,756.67 | 2,534.10 |
| Profit After Tax | -449.37 | -535.03 | 365.38 |
| Net Worth | 1,343.88 | 808.86 | 2,550.07 |
| Reserves and Surplus | 1,298.11 | 763.08 | 2,014.40 |
| Total Borrowing | 5,449.89 | 5,418.38 | 6,981.41 |
Key Performance Indicator #
Organic Recycling Systems IPO Market Cap is Rs 153.99 Cr and P/E (x) is 25.54.
| KPI | Values |
|---|---|
| P/E (x) | 25.54 |
| Post P/E (x) | 42.11 |
| Market Cap (₹ Cr.) | 153.99 |
| ROE | 21.76% |
| ROCE | 13.06% |
| Debt/Equity | 2.7 |
| EPS (Rs) | 7.83 |
| RoNW | 14.33% |
Objects of the Issue (Organic Recycling Systems IPO Objectives) #
1. Reduction of the aggregate outstanding borrowings of the Company.
2. Towards general corporate purposes.
Organic Recycling Systems IPO Prospectus #
Organic Recycling Systems IPO Contact Details #
Office No. 1003, 10th Floor,
The Affaires Plot No. 9, Sector-17,
Sanpada, Navi Mumbai- 400705
Phone: 022-41702222
Email: cs@organicrecycling.co.in
Website: https://organicrecycling.co.in/
Organic Recycling Systems IPO Registrar #
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Organic Recycling Systems IPO – Buy or Not #
Organic Recycling Systems IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
Read All Reviews Post Your Review Manage Reviews
Organic Recycling Systems IPO Lead Manager(s) #
FAQs
- What is the total issue size of the Organic Recycling Systems IPO?
- The Organic Recycling Systems IPO aims to raise ₹50.00 crores through the issuance of 25 lakh fresh shares.
- When does the Organic Recycling Systems IPO subscription period start and end?
- The subscription period for the Organic Recycling Systems IPO begins on September 21, 2023, and closes on September 26, 2023.
- When will the allotment for the Organic Recycling Systems IPO be finalized?
- The allotment for the Organic Recycling Systems IPO is expected to be finalized on Friday, September 29, 2023.
- When is the listing date for shares from the Organic Recycling Systems IPO?
- The shares from the Organic Recycling Systems IPO are tentatively scheduled to list on BSE SME on Thursday, October 5, 2023.
- What is the IPO price for Organic Recycling Systems shares?
- Each share in the Organic Recycling Systems IPO is priced at ₹200.
- What is the minimum lot size for an application in the Organic Recycling Systems IPO?
- The minimum lot size for an application in the Organic Recycling Systems IPO is 600 shares.
- Who are the key players involved in the Organic Recycling Systems IPO?
- Arihant Capital Markets Ltd is the book running lead manager for the Organic Recycling Systems IPO, while Maashitla Securities Private Limited serves as the registrar for the issue. Arihant Capital Markets acts as the market maker for this IPO.
- Who is the promoter of Organic Recycling Systems Limited?
- Mr. Sarang Bhand is the promoter of the company.
- What are the key financial indicators of Organic Recycling Systems Limited as of March 31, 2023?
- Price/Earnings (P/E) Ratio: 25.54
- Return on Equity (ROE): 21.76%
- Return on Capital Employed (ROCE): 13.06%
- Debt/Equity Ratio: 2.7
- Earnings Per Share (EPS): ₹7.83
- Return on Net Worth (RoNW): 14.33%
- What are the objectives of the Organic Recycling Systems IPO?
- The objectives of the Organic Recycling Systems IPO are:
- Reduction of the aggregate outstanding borrowings of the Company.
- Towards general corporate purposes.
- The objectives of the Organic Recycling Systems IPO are:
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
