Baheti Recycling Industries Limited
ListedSMEIndustrials / Manufacturing · NSE
Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company specializing in processing aluminium-based scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys as cubes, ingots, shots, and notch bars. The company is also engaged in trading various scrap materials, including aluminium, brass, copper, and zinc scrap. Its manufacturing unit, located in Dehgam, Gandhinagar, Gujarat, has an installed capacity of 12,000 MT for aluminium scrap processing. Baheti Recycling Industries serves prominent clients such as ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, and Sunflag Iron & Steel Co. Ltd., and markets its products across approximately 12 states and union territories in India, as well as internationally to buyers in Japan, Canada, the USA, China, Hong Kong, UAE, and Taiwan.
Price Band
₹45
Issue Size
₹12.42 Cr
Lot Size
3000 shares
GMP
₹52
+115.6%
Est. Listing
₹97
at current GMP
Subscribed
347.53x
overall
Open
28 Nov 2022
Close
30 Nov 2022
Allotment
6 Dec 2022
Refund
7 Dec 2022
Demat Credit
8 Dec 2022
Listing
8 Dec 2022
Last updated 12 days ago
Key Highlights
- •Leading player in the Industrials / Manufacturing segment
- •Price band established at ₹45 - ₹45 per equity share
- •Minimum bid lot is 3000 shares
- •Estimated listing target of ₹97 based on current grey market activity