Organic Recycling Systems IPO is a fixed price issue of Rs 50.00 crores. The issue is entirely a fresh issue of 25 lakh shares.
Organic Recycling Systems IPO opens for subscription on September 21, 2023 and closes on September 26, 2023. The allotment for the Organic Recycling Systems IPO is expected to be finalized on Friday, September 29, 2023. Organic Recycling Systems IPO will list on BSE SME with tentative listing date fixed as Thursday, October 5, 2023.
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10,272.69 | 10,669.35 | 11,931.10 |
| Revenue | 1,578.18 | 1,756.67 | 2,534.10 |
| Profit After Tax | -449.37 | -535.03 | 365.38 |
| Net Worth | 1,343.88 | 808.86 | 2,550.07 |
| Reserves and Surplus | 1,298.11 | 763.08 | 2,014.40 |
| Total Borrowing | 5,449.89 | 5,418.38 | 6,981.41 |
The company intends to utilize the Net Issue Proceeds for the following Objects:
1. Reduction of the aggregate outstanding borrowings of the Company.
2. Towards general corporate purposes.
Organic Recycling Systems IPO opens on September 21, 2023, and closes on September 26, 2023.
| IPO Open Date | Thursday, September 21, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Friday, September 29, 2023 |
| Initiation of Refunds | Tuesday, October 3, 2023 |
| Credit of Shares to Demat | Wednesday, October 4, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
As per our analysis and Based on the information we have, this is the output.
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