Baheti Recycling Industries Limited IPO : Financials and Objectives

Baheti Recycling Industries Limited initiated its business operations in 1994. The company has been involved in aluminium recycling. It is also involved in the trading of scrap materials such as brass scrap, aluminium scrap and more. Its manufacturing unit is located in Gujarat and has a capacity of 12000 MT for processing of aluminium scrap. 

Its customers involve ArcelorMittal, Tata Steel, Nippon Steel India, Sigma electric, Minda Corporation etc. It has been operating domestically in 12 states and union territories. Its export business is done in Japan, China, Canada, UAE, USA, Hong Kong, Taiwan etc.

IPO DETAILS

Baheti Recycling Industries Limited IPO is set to launch on 28 Nov., 2022. The subscription timeline extends till 30 Nov., 2022. The size for the IPO is 12.42 Crore Rs.. Shares issued through fresh issues are worth 12.42 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 3000 shares and the price is 45 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs. 10 and this is a price fixed issue. The registrar for the company is Purva Sharegistry India Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	28 Nov., 2022
CLOSING DATE FOR IPO	30 Nov., 2022
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	45 Rs.
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	12.42 Crore Rs.
OFFER FOR SALE	No shares Issued
FRESH ISSUE	12.42 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	8 Dec., 2022

IMPORTANT DATES

IPO OPENING DATE	28 Nov., 2022
CLOSING DATE FOR IPO	30 Nov., 2022
IPO ALLOTMENT DATE	5 Dec., 2022
REFUNDS	6 Dec., 2022
DEMAT A/C CREDITED ON	7 Dec., 2022
IPO LISTING DATE	8 Dec., 2022

Baheti Recycling Industries Limited IPO begins for subscription from 28 Nov., 2022. The IPO subscription would continue till 30 Nov., 2022. The allotment status for the shareholders who applied would come on 5 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 6 Dec., 2022. The DEMAT accounts of shareholders would be credited on 7 Dec., 2022. The listing of the company would be accompanied on 8 Dec., 2022.

Lead Managers

The lead managers are :

• GYR Capital Advisors Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to  135000 Rs.. The maximum lot size is decided at 3000 shares. This amounts to 135000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	135000 Rs.
Maximum	3000 shares	135000 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• Modernization and expansion of the present manufacturing unit.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	8190	6301	4535
Revenue	24926	12780	10596
PAT	292	48	19

Baheti Recycling Industries Limited has an asset base of 8190 Lakh Rs in 2022. The company has increased its assets from 4535 Lakh Rs in 2020 to 6301 Lakh rs in 2021. The Revenue on the other hand is out of bounds. It reaches 24926 Lakh Rs in 2022. This means more than 4 times the asset base in that year. The revenue for the year 2021 is 12780 Lakh Rs and for the year 2020 it is 10596 Lakh Rs.

However after generating such huge revenue the company is not able to gain more from the same. The profits for 2020 were 19 Lakh Rs which increased to 48 Lakh Rs in 2021. For the year 2022 the profits were 292 Lakh Rs.

PROS

• The company has been involved in aluminium recycling. It is also involved in the trading of scrap materials such as brass scrap, aluminium scrap and more. Its manufacturing unit is located in Gujarat and has a capacity of 12000 MT for processing of aluminium scrap.
• Its customers involve ArcelorMittal, Tata Steel, Nippon Steel India, Sigma electric, Minda Corporation etc. Its export business is done in Japan, China, Canada, UAE, USA, Hong Kong, Taiwan etc.

CONS

• The company works in a highly competitive segment.

Baheti Recycling Industries Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Baheti Recycling Industries Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.