31 Mar 2021
Assets102.73
Total Income15.78
Profit After Tax-4.49
NET Worth13.44
Reserves and Surplus12.98
Total Borrowing54.50
At a glance
Updated 2026-09-16The shares listed at ₹215.00, a 7.50% move from the issue price. Organic Recycling Systems is a SME IPO with an issue size of ₹50.00 crore, proposed for listing on BSE SME. The offer opens on 21st Sep 2023 and closes on 26th Sep 2023. The issue structure includes a fresh issue of ₹47.40 crore. The current listing schedule points to 6th Oct 2023.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹50.00 Cr
Fresh issue₹47.40 Cr
Face value₹10
Price band—–—
Allotment29th Sep 2023
Listing6th Oct 2023
Listing performance
Full performance ↗Issue price₹200.00
Listing price₹215.00
Current price—
Listing gain7.50%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹16.00
GMP / upper priceNO DATA
Est. listing₹216.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens21st Sep 2023
Closes26th Sep 2023
Allotment29th Sep 2023
Refund3rd Oct 2023
Demat4th Oct 2023
Listing6th Oct 2023
Subscription demand
Full bidding ↗Total3.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | — |
Company
Incorporated2008
Use of proceeds
| Object | Amount |
|---|---|
| Reduction of the aggregate outstanding borrowings of the Company | ₹37.50 Cr |
| Towards general corporate purposes | ₹10.48 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue25.34₹ Cr · +44.2% vs prior year
PAT3.65₹ Cr · +168.2% vs prior year
Assets119.31₹ Cr · +11.8% vs prior year
Net Worth25.50₹ Cr · +215.2% vs prior year
Borrowing69.81₹ Cr · +28.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets106.69
Total Income17.57
Profit After Tax-5.35
NET Worth8.09
Reserves and Surplus7.63
Total Borrowing54.18
31 Mar 2023
Assets119.31
Total Income25.34
Profit After Tax3.65
NET Worth25.50
Reserves and Surplus20.14
Total Borrowing69.81
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS7.83
Pre-IPO P/E25.54
Post-IPO P/E42.11
Promoter holding pre30.14%
Promoter holding post20.35%
Market cap₹153.99 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Organic Recycling Systems IPO | — | 42.11 x | — | — |
| Snehaa Organics IPO | — | 16.92 x | — | — |
| Namo eWaste IPO | — | 28.46 x | — | — |
| GEM Enviro IPO | — | 15.09 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Payment to the Lead Manager (including underwriting fees | ₹0.40 Cr |
| Marketing expenses including selling commission and brokerage | ₹1.13 Cr |
| Fees payable to Registrar to the Issue | ₹0.01 Cr |
| Fees to the legal advisor | ₹0.04 Cr |
| Advertising expenses | ₹0.06 Cr |
| Fees payable to regulators including stock exchanges | ₹0.10 Cr |
| Printing and distribution expenses | ₹0.03 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | ₹0.02 Cr |
| Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies | ₹0.25 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Arihant Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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