Baheti Recycling Industries Limited IPO (Baheti Recycling Industries IPO)
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 company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.
Baheti Recycling Industries’ manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) and has a 12,000 MT installed capacity for processing aluminium scrap.
The company’s esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.
The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Competitive Strengths:
- In-house manufacturing facility supported by technology-driven process.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with our customers.
- Strong and diversified supplier base for sourcing raw materials.
- Experienced Promoters supported by dedicated Management team.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4535.09 | 10595.84 | 19.19 | 1033.23 | 658 | 3118.89 |
| 31-Mar-21 | 6301 | 12780.02 | 47.78 | 1081.02 | 706.02 | 3789.61 |
| 31-Mar-22 | 8190.39 | 24926.06 | 291.98 | 1669.51 | 1213 | 5074.81 |
| 31-May-22 | 7939.48 | 5757 | 57.36 | 1726.87 | 1270.36 | 4536.31 |
| Amount in ₹ Lakhs | ||||||
Objects of the Issue
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 IPO Tentative Timetable
Baheti Recycling Industries IPO opens on Nov 28, 2022, and closes on Nov 30, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 28, 2022 |
| Closing Date | Nov 30, 2022 |
| Basis of Allotment | Dec 5, 2022 |
| Initiation of Refunds | Dec 6, 2022 |
| Credit of Shares to Demat | Dec 7, 2022 |
| Listing Date | Dec 8, 2022 |
