Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company.The company is primarily 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 Baheti Recycling Industries Ltd IPO issue consists of fresh issue aggregating up to Rs. 12.42 Cr
The objective of Baheti Recycling Industries Limited The company intend to utilize the proceeds of the Issue to meet the following objects: - 1. Modernization and expansion of existing manufacturing unit. 2. To meet Working Capital requirements. 3. General Corporate Purpose. 4. To meet issue expenses.
Baheti Recycling Industries Limited IPO issue opens on 28th November and closes on 30th November.
The price of the Baheti Recycling Industries Limited is Rs. 45 per share
The Baheti Recycling Industries Limited IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
The allotment date of the Baheti Recycling Industries Limited IPO is 5th December
Hem Securities Limited is the book running lead manager to the issue.
● The GMP trend shows that the grey market premium has opened at around Rs. 8, but has then jumped to Rs. 12 and on Monday, the GMP has virtually doubled over the previous day. ● If you consider Baheti Recycling Industries SME IPO price at Rs. 45, then the likely listing price is being signalled at around Rs. 68 per share as per the GMP indicator on 28th November. This is dynamic and keeps changing.