Horizon Reclaim (India) SME IPO Subscription Status
Horizon Reclaim (India) SME IPO closed on 16 June 2026 with an overall subscription of 304.19x based on shares applied. QIB demand came in at 186.72x, NII at 451.09x, and retail at 308.30x.
Allotment will be finalised on 17 June 2026. The stock is scheduled to list on NSE and BSE on 19 June 2026.
Issue Price
Rs 103.00
GMP Today
Rs 75.00 (+72.82%)
Overall Subscription
304.19x
Issue Size
₹54.27 Cr
Allotment Date
17 Jun 2026
Listing Date
19 Jun 2026
Horizon Reclaim (India) SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 103.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 10.31 Cr | Rs 1,924.71 Cr | 186.72x |
| FII | - | Rs 309.70 Cr | - |
| DFI | - | Rs 260.61 Cr | - |
| Mutual Funds | - | Rs 32.69 Cr | - |
| Other | - | Rs 1,321.70 Cr | - |
| NII | Rs 7.74 Cr | Rs 3,490.28 Cr | 451.09x |
| bNII (above Rs 10L) | Rs 5.16 Cr | Rs 2,592.19 Cr | 502.53x |
| Corporate | - | Rs 38.51 Cr | - |
| Individual | - | Rs 2,527.26 Cr | - |
| Other | - | Rs 26.41 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.58 Cr | Rs 898.09 Cr | 348.22x |
| Corporate | - | Rs 6.95 Cr | - |
| Individual | - | Rs 878.67 Cr | - |
| Other | - | Rs 12.47 Cr | - |
| IND | Rs 18.05 Cr | Rs 5,563.48 Cr | 308.30x |
| Fixed price | - | Rs 5,563.48 Cr | - |
| Total | Rs 36.09 Cr | Rs 10,978.47 Cr | 304.19x |
Horizon Reclaim (India) SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 834 | 138 | 0.17x |
| FII | - | 24 | - |
| DFI | - | 10 | - |
| Mutual Funds | - | 3 | - |
| Other | - | 101 | - |
| NII | 209 | 43,868 | 209.89x |
| bNII (above Rs 10L) | 139 | 22,206 | 159.76x |
| Corporate | - | 308 | - |
| Individual | - | 21,675 | - |
| Other | - | 223 | - |
| sNII (Rs 2L to Rs 10L) | 70 | 21,662 | 309.46x |
| Corporate | - | 171 | - |
| Individual | - | 21,178 | - |
| Other | - | 313 | - |
| IND | 730 | 2,25,060 | 308.30x |
| Fixed price | - | 2,25,060 | - |
| Total | 1,773 | 2,69,066 | 151.76x |
What Do These Subscription Numbers Mean?
A subscription of 304.19x by shares means the IPO received bids for 304 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 186.72x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 186.72x, it reflects serious institutional conviction.
NII at 209.89x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 159.76x and sNII at 309.46x by applications. Share subscription was 451.09x. Allotment uses application count, not share volume.
At 308.30x subscription by applications, approximately 1 in 308 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Horizon Reclaim (India) SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 308.30x.
- •Allotment odds: about 1 in 308 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 309.46x.
- •Allotment odds: about 1 in 309 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 348.22x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 159.76x.
- •Allotment odds: about 1 in 160 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 502.53x. Allotment uses application count, not share volume.
Check the Horizon Reclaim (India) SME IPO Allotment Status page from 17 June 2026 for your allotment result.
Horizon Reclaim (India) SME IPO GMP After Subscription
GMP for Horizon Reclaim (India) SME stands at Rs 75.00 today, giving an estimated listing price of Rs 178.00 per share.
A subscription of 304.19x combined with a GMP of 72.82% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Horizon Reclaim (India) SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Horizon Reclaim (India) SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Jun 2026 | 0.00x | 12.63x | 11.37x | 8.39x |
| Day 2 - 15 Jun 2026 | 0.08x | 139.71x | 90.39x | 75.17x |
| Day 3 - 16 Jun 2026 | 186.72x | 450.74x | 308.30x | 304.11x |
Horizon Reclaim (India) SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 June 2026 |
| IPO Close Date | 16 June 2026 |
| Allotment Date | 17 June 2026 |
| Refund Initiation | 18 June 2026 |
| Share Credit to Demat | 18 June 2026 |
| Listing Date | 19 June 2026 |
| Minimum Investment | Rs 2,47,200.00 |
| Lot Size | 1200 shares |
About Horizon Reclaim (India) SME
Horizon Reclaim (India) Limited, incorporated in 2006, specializes in the industrial recycling and manufacturing of high-quality reclaimed rubber products. The company converts discarded rubber materials—such as old scrap tires, inner tubes, tread peelings, and industrial rubber residues—into eco-friendly, value-added rubber compounds. Its comprehensive product array features Natural Rubber Reclaim (utilized in footwear soles, floor mats, and tire manufacturing underlayers), Synthetic Rubber Reclaim (including premium EPDM and Butyl rubber grades for automotive weather strips, hoses, and gaskets), and Crumb Rubber used in modified asphalt paving, athletic fields, and roofing applications.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Horizon Reclaim (India) SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Horizon Reclaim (India) SME IPO Allotment Status
Check allotment result on allotment date
Horizon Reclaim (India) SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Horizon Reclaim (India) SME IPO Subscription FAQs
What is Horizon Reclaim (India) SME IPO subscription status today?
Horizon Reclaim (India) SME IPO subscription closed on 16 June 2026 with overall subscription of 304.19x (by shares) as of 21 July 2026, 8:01 PM IST. QIB 186.72x, NII 209.89x, IND 308.30x.
What is the overall subscription of Horizon Reclaim (India) SME IPO?
Horizon Reclaim (India) SME IPO is subscribed 304.19x overall by shares at close on 16 June 2026. QIB 186.72x, NII 209.89x, and IND 308.30x.
What is Horizon Reclaim (India) SME IPO QIB subscription?
Horizon Reclaim (India) SME IPO QIB (Qualified Institutional Buyers) subscription is 186.72x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Horizon Reclaim (India) SME IPO IND subscription?
Horizon Reclaim (India) SME IPO IND subscription is 308.30x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Horizon Reclaim (India) SME IPO NII subscription?
Horizon Reclaim (India) SME IPO NII (Non-Institutional Investors) subscription is 209.89x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Horizon Reclaim (India) SME IPO for retail?
At 308.30x subscription by applications, approximately 1 in 308 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Horizon Reclaim (India) SME IPO allotment date?
Horizon Reclaim (India) SME IPO allotment date is 17 June 2026. Check Horizon Reclaim (India) SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Horizon Reclaim (India) SME IPO subscription close?
Horizon Reclaim (India) SME IPO subscription closed on 16 June 2026. No new applications are accepted after the close.
What is Horizon Reclaim (India) SME IPO GMP today?
Horizon Reclaim (India) SME IPO GMP is ₹75 today (+72.82% over issue price ₹103). See live GMP on the Horizon Reclaim (India) SME IPO GMP Today page.
What is Horizon Reclaim (India) SME IPO issue price and lot size?
Horizon Reclaim (India) SME IPO issue price is ₹103 per share. Lot size is 1200 shares. Minimum investment is ₹2,47,200 per lot (minimum 2 lots for SME). Issue size: ₹54.27 Cr.
When is Horizon Reclaim (India) SME IPO listing date?
Horizon Reclaim (India) SME IPO listing date is 19 June 2026 on NSE and BSE. Allotment is on 17 June 2026.
How does subscription affect Horizon Reclaim (India) SME IPO allotment?
Allotment odds in Horizon Reclaim (India) SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 209.89x by applications means roughly 1 in 210 for minimum-lot bids; bNII at 159.76x (~1 in 160). At 304.19x overall, competition is very high.
For allotment results from 17 June 2026, visit the Horizon Reclaim (India) SME IPO Allotment Status page. For listing day updates on 19 June 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.