IPO Issue Details
Issue Price / Price Band₹200 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size25,00,200 shares (aggregating up to ₹50.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 21 Sep 2023
Subscription CloseTue, 26 Sep 2023
Anchor AllotmentWed, 20 Sep 2023
Basis of AllotmentFri, 29 Sep 2023
Initiation of RefundsTue, 03 Oct 2023
Credit of Shares to DematWed, 04 Oct 2023
Listing DateFri, 06 Oct 2023
UPI Mandate Deadline2023-09-26
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 1,200 shares
EPS (Pre-IPO)₹7.83
P/E Ratio (Pre-IPO)25.54x
P/E Ratio (Post-IPO)42.11x
Net Offer to Public23,70,000 shares (aggregating up to ₹47.40 Cr)
Reserved for Market Maker1,30,200 shares (aggregating up to ₹2.60 Cr)
Pre-IPO Promoter Holding51,99,075 shares
Post-IPO Promoter Holding76,99,275 shares
About Organic Recycling Systems Ltd.
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.
Objects of the Issue
Organic Recycling Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Reduction of the aggregate outstanding borrowings of the Company
37.50
2
Towards general corporate purposes
10.48
Shareholding & Lock-in
Pre-IPO Promoter Holding
51,99,075 shares
Post-IPO Promoter Holding
76,99,275 shares