Organic Recycling Systems (BSE SME)
Sep 21, 2023 - Sep 26, 2023
| Price | ₹200 - ₹200 |
| Premium | ₹16 |
|---|---|
| Lot size | 600 |
| Allotment | Sep 28, 2023 |
| Listing | Oct 6, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 120000 | 0 |
| HNI | 2 | 1200 | 240000 | 0 |
Last updated on 26 Sep 2023 | 05:55:58 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 11,85,000 | 52,00,800 | 4.39 |
| Retail | 11,85,000 | 26,16,600 | 2.21 |
| Total | 23,70,000 | 78,17,400 | 3.3 |
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.
Organic Recycling Systems IPO Details
| 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 Lead Manager(s)
Arihant Capital Markets Ltd
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 10,272.69 | 10,669.35 | 11,931.10 |
| Revenue | 1,578.18 | 1,756.67 | 2,534.10 |
| Profit | -449.37 | -535.03 | 365.38 |
| Net Worth | 1,343.88 | 808.86 | 2,550.07 |
| Reserves | 1,298.11 | 763.08 | 2,014.40 |
| Borrowing | 5,449.89 | 5,418.38 | 6,981.41 |
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues