The Baheti Recycling Industries IPO has begun on 28 Nov 2022. It will close on 30 Nov 2022. The Total IPO Size is 12.42 Crore. The company set its IPO price is 45 Rs Per Share. Basically, there are two basic categories in Baheti Recycling Industries IPO Subscription 1) Non-Institutional Investors 2) Retail Individual Investors (RIIs).
Baheti Recycling Industriesis engaged in processing aluminium based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The versatile properties of aluminium and its alloys, results in it being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc. Aluminium alloys are used in automobiles components due to its stiffness, corrosion resistance and excellent strength to weight ratio. The Aluminium de-ox alloys are used as deoxidizer in steel manufacturing units.
The manufacturing unit, situated at Dehgam (Gandhinagar, Gujarat) has 12,000 MT installed capacity for processing aluminium scrap.
They cater to the automotive parts and steel sector in India. Some of their esteemed customers includes Arcelor Mittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc. Currently, They market their products to around 11 states & Union Territories in India of which majority portion of the revenue comes from the state of Gujarat, Maharashtra, Orissa and Jharkhand. They also sell products to the foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Can we Subscribe Baheti Recycling SME IPO?
In our view, May be.
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Baheti Recycling IPO Subscription Status( Last updated on 30 Nov 2022 | 05:00:00 PM )
| Day 1 (times) | Day 2 (times) | Day 3 (times) | |
| NII | 3.50 | 19.15 | 259.21 |
| Retail | 17.39 | 102.10 | 435.65 |
| Total | 10.45 | 60.67 | 347.53 |