Horizon Reclaim India debuted on the BSE SME platform at ₹151 per share on June 19, marking a 47% premium over its initial public offering (IPO) price of ₹103, according to livemint.com. The IPO was highly subscribed, with an overall subscription rate of 304.11 times, reflecting strong investor interest.
The company’s shares listed at a price that underperformed street expectations, as the grey market premium had suggested a higher listing price. Despite this, the listing price still represented a significant gain for investors who participated in the IPO. The strong subscription rate indicated robust demand during the offering process, which closed with considerable investor participation.
This listing adds to the growing activity on the BSE SME platform, which has seen increased interest from small and medium enterprises seeking capital through public markets. Horizon Reclaim’s IPO subscription rate of over 300 times is notable compared to other recent SME listings, highlighting investor appetite for companies in this segment. The premium listing price also underscores the market’s positive reception of the company’s prospects.
Horizon Reclaim’s shares began trading on June 19 at ₹151, establishing a concrete market valuation that investors can track. The company’s IPO subscription and listing price provide measurable benchmarks for evaluating its market performance in the near term.