The IPO date for Organic Recycling Systems has been announced. The IPO will begin on September 21 and end on September 26. Organic Recycling Systems is a BSE SME IPO seeking to raise 50.00 crores through an IPO. The IPO price band for Organic Recycling Systems is set at 200, with a market lot of 600 shares.
Organic Recycling Systems is an environmental engineering firm that provides waste management solutions across waste types and the value chain. Since 2008, the company has been a pioneer in offering sustainable waste management solutions in India. Founded by technocrats, their primary focus has been on producing sturdy, cost-effective, and environmentally responsible technologies that are easy to use. They have established technology and the expertise to manage one of India’s first Waste to Energy (WTE) facilities
based on anaerobic bio methanation technology. According to the Government of India’s National Master Plan, the anaerobic bio methanation technique has been recognised as a promising technology. They have also established an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
The plant has been in operation since 2013, and it has been recognised as one of the best practises for MSWM case studies under the Swachh Bharat Mission and in numerous other reports. With the data accumulated over the years, the company is currently a front-runner for numerous EPC prospects in the country, delivering solutions comprising the whole waste management value chain.
Organic Recycling Systems The Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model, and Supply of critical equipment are examples of business verticals. Their projects are implemented with the goal of having a beneficial social influence on the environment and the well-being of society as a whole. Driven by circular economy ideas, they are dedicated to recovering as many resources as possible from garbage, hence lessening the strain on landfills.
Organic Recycling Systems IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 26, 2023 |
| IPO Size: | Approx ₹50.00 Crores, 2,500,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹200 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Objects of the Issue:
- Reduction of the aggregate outstanding borrowings of the Company.
- Towards general corporate purposes.
Organic Recycling Systems IPO Review
- To be updated soon
Organic Recycling Systems IPO Market Lot
The Organic Recycling Systems IPO minimum market lot is 600 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹120,000 |
| Retail Maximum | 1 | 600 | ₹120,000 |
| S-HNI Minimum | 2 | 1200 | ₹240,000 |
Organic Recycling Systems IPO Dates
The Organic Recycling Systems IPO date is September 21 and the IPO close date is September 26. The IPO allotment date is September 29 and the IPO might list on October 5.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 26, 2023 |
| Basis of Allotment: | September 29, 2023 |
| Refunds: | October 3, 2023 |
| Credit to Demat Account: | October 4, 2023 |
| IPO Listing Date: | October 5, 2023 |
Organic Recycling Systems IPO Form
How to apply Organic Recycling Systems IPO? –> You can apply for Organic Recycling Systems IPO using ASBA from your bank account. Simply connect in to your online bank and apply through your bank account by selecting the Organic Recycling Systems IPO in the Invest section. Another alternative is to apply for Organic Recycling Systems IPO using IPO forms downloaded from the BSE website.
Organic Recycling Systems Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹15.78 | ₹20.27 | –₹4.49 |
| 2022 | ₹17.57 | ₹22.91 | –₹5.35 |
| 2023 | ₹25.34 | ₹20.68 | ₹3.65 |
Organic Recycling Systems IPO Valuation – FY2023
Check Organic Recycling Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.83 per Equity Share |
| Price/Earning P/E Ratio: | 25.54 |
| Return on Net Worth (RoNW): | 14.33% |
| Net Asset Value (NAV): | ₹49.05 per Equity Share |
Peer Group
- NA
Organic Recycling Systems IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com
Company Address
Organic Recycling Systems Limited
Office No. 1003, 10th Floor,
The Affaires Plot No. 9, Sector-17,
Sanpada, Navi Mumbai- 400705
Phone: 022-41702222
Email: [email protected]
Website: https://organicrecycling.co.in
Company Promoters
- Mr. Sarang Bhand
Organic Recycling Systems IPO Lead Managers aka Merchant Bankers
- Arihant Capital Markets Ltd
Organic Recycling Systems IPO FAQs:
Q1. What is Organic Recycling Systems IPO?
Ans. Organic Recycling Systems IPO is an BSE SME IPO. They are going to raise ₹50.00 Crores via IPO. The issue is priced at ₹200 per equity share. The IPO is to be listed on BSE.
Q2. When Organic Recycling Systems IPO will open?
Ans. The IPO is to open on September 21, 2023 for QIB, NII, and Retail Investors.
Q3. What is Organic Recycling Systems IPO Investors Portion?
Ans. The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
Q4. How to Apply the Organic Recycling Systems IPO?
Ans. You can apply Organic Recycling Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Organic Recycling Systems IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Organic Recycling Systems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Organic Recycling Systems IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Organic Recycling Systems”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Organic Recycling Systems IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Organic Recycling Systems”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Organic Recycling Systems IPO Size?
Ans. Organic Recycling Systems IPO size is ₹50.00 crores.
Q9. What is Organic Recycling Systems IPO Price Band?
Ans. Organic Recycling Systems IPO Price Band is ₹200 per equity share.
Q10. What is Organic Recycling Systems IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 600 shares with ₹120,000.
Q11. What is Organic Recycling Systems IPO Allotment Date?
Ans. Organic Recycling Systems IPO allotment date is September 29, 2023.
Q12. What is Organic Recycling Systems IPO Listing Date?
Ans. Organic Recycling Systems IPO listing date is October 5, 2023. The IPO to list on BSE SME.
