Organic Recycling Systems Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

21 Sep 2023

Close Date

26 Sep 2023

Allotment

29 Sep 2023

Listing Date

06 Oct 2023

Exchange

BSE SME

Price Band

₹200

Listing Price

See chart

Allotment Status

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Price Band

₹200

Per share

Face Value

₹10 per share

Lot Size

600 Shares

per lot

Issue Size

25,00,200 shares (aggregating up to ₹50.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

51,99,075 shares

Promoters

Post-IPO Holding

76,99,275 shares

Promoters

P/E (Pre)

25.54x

P/E (Post)

42.11x

EPS (Pre)

₹7.83

UPI Deadline

2023-09-26

Mandate

Anchor AllotmentWed, 20 Sep 2023

Basis of AllotmentFri, 29 Sep 2023

Refund InitiationTue, 03 Oct 2023

Demat CreditWed, 04 Oct 2023

Listing DayFri, 06 Oct 2023

UPI Mandate Deadline2023-09-26

Sale TypeFresh Capital

Net Offer to Public23,70,000 shares (aggregating up to ₹47.40 Cr)

Market Maker Quota1,30,200 shares (aggregating up to ₹2.60 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Organic Recycling Systems Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	130,200	—	₹2.60
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,500,200	100%	₹50.00

IPO Shares Offered

Organic Recycling Systems Ltd. IPO total issue size: ₹50.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	130,200	₹2.60	5.21%
Total	2,500,200	₹50.00	100.00%

* Based on upper price band ₹200 per share

Lot Size & Investment

Lot Size

600

Shares per Lot

Issue Price

₹200.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,200	₹240,000
Retail (Max — 13 Lots)	13	7,800	₹1,560,000
S-HNI (Min — 14 Lots)	14	8,400	₹1,680,000
B-HNI (Min — 68 Lots)	68	40,800	₹8,160,000

* Issue Price ₹200 × Lot Size 600 shares

IPO Schedule

Anchor

20 Sep 2023

✓ Done

IPO Open

21 Sep 2023

✓ Done

IPO Close

26 Sep 2023

✓ Done

Allotment

29 Sep 2023

✓ Done

Refunds

03 Oct 2023

✓ Done

Demat Credit

04 Oct 2023

✓ Done

Listing Day

06 Oct 2023

✓ Done

₹200.00

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Issue ₹200.00 Live Price

About Organic Recycling Systems Ltd.

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.

Objects of the Issue

Reduction of the aggregate outstanding borrowings of the Company

Towards general corporate purposes

Organic Recycling Systems Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,578.2

31 Mar 2021

₹1,756.7

31 Mar 2022

₹2,534.1

31 Mar 2023

Profit After Tax (PAT)

-₹449.4

31 Mar 2021

-₹535.0

31 Mar 2022

₹365.4

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	2534.10	1756.67	1578.18
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	365.38	-535.03	-449.37
Net Worth	2550.07	808.86	1343.88
Total Assets	11931.10	10669.35	10272.69
Reserves & Surplus	2014.40	763.08	1298.11
Borrowings	6981.41	5418.38	5449.89
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

21.76%

RoCE

13.06%

RoNW

14.33%

Debt/Equity

2.70

Issue Structure & Shareholding

Total Shares Offered25,00,200 (100.00%)

Net Offer to Public23,70,000 shares (aggregating up to ₹47.40 Cr)

Reserved for Market Maker1,30,200 shares (aggregating up to ₹2.60 Cr)

Pre-Issue Promoter Holding51,99,075 shares

Post-Issue Promoter Holding76,99,275 shares

P/BV RatioN/A

RoE21.76%

RoCE13.06%

Debt / Equity2.70

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

Arihant Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Organic Recycling Systems Ltd. IPO subscribed? ▲

Organic Recycling Systems Ltd. IPO is subscribed 1.00 times by Sep 26, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Organic Recycling Systems Ltd. IPO retail subscription status? ▼

The Organic Recycling Systems Ltd. IPO retail category is subscribed 1.00 times as of 26 Sep 2023. The retail portion is oversubscribed.

How to subscribe Organic Recycling Systems Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 21 Sep 2023 and closes 26 Sep 2023. Min investment: ₹120,000 (1 lot = 600 shares). UPI mandate: 2023-09-26.

How many times Organic Recycling Systems Ltd. IPO subscribed? ▼

The Organic Recycling Systems Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Organic Recycling Systems Ltd. IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Sep 2023. Refunds: on 03 Oct 2023.

When Organic Recycling Systems Ltd. IPO will be listed? ▼

The Organic Recycling Systems Ltd. IPO listing date is 06 Oct 2023, Friday. Listed on: BSE SME. Issue price: ₹200. Estimated listing: ₹200. GMP: NIL.

When Organic Recycling Systems Ltd. IPO close? ▼

The Organic Recycling Systems Ltd. IPO closes on 26 Sep 2023, Tuesday. UPI mandate: 2023-09-26. Allotment: 29 Sep 2023. Listing: 06 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹200.00

Change—

Issue Price₹200.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹200

Face Value₹10

Lot Size600 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹200

Subscribed1.00x

Open Date21 Sep 2023

Close Date26 Sep 2023

Allotment29 Sep 2023

Listing Date06 Oct 2023

ExchangeBSE SME

UPI Deadline2023-09-26