Horizon Reclaim (India) launched its initial public offering (IPO) today, June 12, 2026, with a grey market premium (GMP) of ₹50, indicating shares could list at a 48.5% premium over the offer price, according to livemint.com. The company specializes in manufacturing reclaimed rubber, recycled from used materials like old tyres and industrial scrap.
The IPO opened for bidding on June 12, drawing immediate investor interest reflected in the GMP. Horizon Reclaim (India) is positioned in the niche market of recycled rubber products, which supports sustainability by repurposing waste rubber. The ₹50 GMP means shares are trading at ₹153 in the grey market compared to the offer price, signaling strong demand ahead of the official listing.
This premium highlights growing investor appetite for companies in the sustainable materials sector amid rising environmental concerns. Horizon Reclaim's focus on reclaimed rubber aligns with global trends toward circular economy practices. The IPO's performance could set a benchmark for other firms in the recycled materials industry, which has seen increased attention from market participants in recent years.
The IPO subscription details and final listing date are awaited, with market participants closely monitoring the allotment process. The company’s listing will provide a clearer indication of investor sentiment toward recycled rubber manufacturing firms in India’s capital markets.