Hi Everyone! I hope you are all doing well. Welcome back to another article. In this article, we will discuss Baheti Recycling Industries Limited. Baheti Recycling Industries Limited, a Nagpur-based company that specializes in recycling, is preparing for its initial public offering (IPO) in 2023. The IPO is expected to open on April 29 and close on May 3, 2023. Here’s everything you need to know about the Baheti Recycling Industries Limited IPO.
Baheti Recycling Industries Limited IPO
On 25th November 2023, Baheti Recycling Industries Limited, a Gujarat-based company, will initiate the IPO. Interested buyers can find more information about the investment in the following paragraph. The IPO will continue until 30th November 2023, and it will offer 27,60,000 equity shares with a face value of Rs 10 each.
The company will be issuing the shares at a price of Rs 45 per share. The IPO was opened by the company on 29th November 2023. Baheti Recycling Industries Limited has a global customer base, including countries like Canada, Japan, the United States of America, China, Hong Kong, Taiwan, and the UAE.
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IPO GMP Important Dates 2023
The table below contains important dates that you need to know. The bidding process for aluminum starts on November 28, 2022. This article provides additional information about the metal. It is worth noting that aluminum is 100% recyclable and that the increasing amount of garbage and pollutants is affecting the nation and the planet.
|Opening Date||Nov 28, 2023|
|Closing Date||Nov 30, 2023|
|Basis of Allotment||Dec 5, 2023|
|Initiation of Refunds||Dec 6, 2023|
|The credit of Shares to Demat||Dec 7, 2023|
|Listing Date||Dec 8, 2023|
The bidding process for aluminum will come to an end on November 30, 2022, giving buyers only a limited number of days to make purchases based on their capacity. The transport industry is the primary consumer of aluminum, including sectors such as railways, aerospace, solar energy, and packaging.
Also, check: Dharni Capital IPO Details
To make an informed decision about Baheti Recycling Industries Ltd’s GMP or Grey Market Premium, it is important to thoroughly review the company’s complete document, particularly the General Risks section.
|25 November||₹6||₹- TBA||₹-TBA|
Baheti Recycling Industries Limited has chosen not to engage in any pre-IPO placement of its equity shares. The estimated listing price is 54, reflecting a 20.00% increase. The listing date for the BRIL Company IPO is December 8th, 2022.
Baheti Recycling Industries has fixed the issue price of its equity share at Rs. 45 per share for a cash amount of Rs. 1242.00 Lakhs. The company manufactures aluminum cubes, shots, ingots, Notch Bar, and other related products.
|IPO Open||November 28, 2023|
|IPO Close||November 30, 2023|
|IPO Size||Approx ₹12.42 Crores, 2,760,000 Equity Shares|
|Face Value||₹10 Per Equity Share|
|IPO Price Band||₹45 Per Equity Share|
|IPO Listing on||NSE SME|
|Retail Quota||50% of the net offer|
|NII Quota||50% of the net offer|
|DRHP Draft Prospectus||TBA|
|RHP Draft Prospectus||TBA|
It is noteworthy that the company’s aluminum production process consumes 95% less energy and emits 95% fewer greenhouse gases compared to traditional methods.
Also, check: Federal Tax Refund Schedule 2023
IPO Subscription 2023
Baheti Recycling Industries Limited is mainly involved in recycling aluminum and producing ferroalloys. It exports its production to meet the global demand for these products.
IPO Sub Status
You can find the live status of the Subscription on multiple investment-related websites that are trustworthy. We will also share the live status on our website.
Promoters of the Comapny
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
It has an official website at www.bahetiindustries.com. The company also trades scrap materials such as copper, aluminum, zinc, etc.
If you wish to contact BRIL, you can reach out to them through email at email@example.com or via telephone at +91-79-25627681/82.
FOR MORE VISIT OUR OFFICIAL WEBSITE.