Organic Recycling Systems is an engineering company focused on environmental solutions and provides waste management solutions across waste types and the value chain. The Company has been a forerunner in providing sustainable waste management solutions in India since 2008. Incorporated by technocrats their focus primarily has been on developing robust, cost-effective & environment-friendly technologies that are simple to operate. They have proven technology and capability of successfully running one of India’s first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology.
The anaerobic bio methanation technique has been recognized as a promising technology as per the National Master Plan issued by the Government of India, They have also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. The plant has been operational since 2013 with the plant being recognized as one of the case studies for best practices for MSWM under the Swachh Bharat Mission and various other reports. With the data collected over the years, the company is now a front-runner for various EPC opportunities in the country and therefore providing solutions encompassing the entire value chain for waste management.
Organic Recycling Systems Business verticals include the Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model, and Supply of key equipment. Their projects are implemented keeping in the mind positive social impact on the environment & well-being of society at large. Driven by principles of circular economy, they are committed to recovering maximum resources from waste thereby reducing the burden on landfills.
Objects of the Issue:
- Reduction of the aggregate outstanding borrowings of the Company.
- Towards general corporate purposes.
Organic Recycling Systems IPO Review
- May Apply
Organic Recycling Systems IPO Date & Price Band Details
IPO Open: | September 21, 2023 |
IPO Close: | September 26, 2023 |
IPO Size: | Approx ₹50.00 Crores, 2,500,200 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹200 Per Equity Share |
IPO Listing on: | BSE SME |
Retail Quota: | 50% of the net offer |
NII Quota: | 50% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Organic Recycling Systems IPO Market Lot
The Organic Recycling Systems IPO minimum market lot is 600 shares with a ₹120,000 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 600 | ₹120,000 |
Retail Maximum | 1 | 600 | ₹120,000 |
S-HNI Minimum | 2 | 1200 | ₹240,000 |
Organic Recycling Systems IPO Dates
The Organic Recycling Systems IPO date is September 21 and the IPO close date is September 26. The IPO allotment date is September 29 and the IPO might list on October 6.
IPO Open Date: | September 21, 2023 |
IPO Close Date: | September 26, 2023 |
Basis of Allotment: | September 29, 2023 |
Refunds: | October 3, 2023 |
Credit to Demat Account: | October 4, 2023 |
IPO Listing Date: | October 6, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Organic Recycling Systems IPO Form
How to apply Organic Recycling Systems IPO? You can apply Organic Recycling Systems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Organic Recycling Systems IPO in the Invest section. The other option you can apply Organic Recycling Systems IPO via IPO forms download via the BSE website. Check out the Organic Recycling Systems forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Organic Recycling Systems Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹15.78 | ₹20.27 | –₹4.49 |
2022 | ₹17.57 | ₹22.91 | –₹5.35 |
2023 | ₹25.34 | ₹20.68 | ₹3.65 |
Organic Recycling Systems IPO Valuation – FY2023
Check Organic Recycling Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹7.83 per Equity Share |
Price/Earning P/E Ratio: | 25.54 |
Return on Net Worth (RoNW): | 14.33% |
Net Asset Value (NAV): | ₹49.05 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Sarang Bhand
Organic Recycling Systems IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/
Organic Recycling Systems IPO Allotment Status
Check Organic Recycling Systems IPO allotment status on Maashitla Securities website URL. Click Here
Organic Recycling Systems IPO Lead Managers aka Merchant Bankers
- Arihant Capital Markets Ltd
Company Address
Organic Recycling Systems Limited
Office No. 1003, 10th Floor,
The Affaires Plot No. 9, Sector-17,
Sanpada, Navi Mumbai- 400705
Phone: 022-41702222
Email: [email protected]
Website: https://organicrecycling.co.in/
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