Organic Recycling Systems Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹200

Listed On

06 Oct 2023

Listing Price

₹215 (+7.50%)

Current Price LIVE

₹215 (+7.50%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail	2	1,200	₹2,40,000
HNI Min	3	1,800	₹3,60,000

As per financials, Organic Recycling Systems Limited has shown sales growth, RoNW is 14.33% and P/E is respectively (28.78) and 42.15 as per FY22 and FY23 earnings. So issue looks aggressively priced. Also sudden rise in net profit and higher value of trade receivables are very surprising. Company is in business of offering sustainable waste management solutions, which is highly fragmented and competitive segment. So we are giving AVOID rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	Combined (QIB + NII)	RII	Total
Shares Offered / Reserved	11,85,000	11,85,000	23,70,000
Day 1 21-09-23	10,11,600 (0.85)	1,99,200 (0.17)	12,10,800 (0.51)
Day 2 22-09-23	20,20,200 (1.70)	4,50,600 (0.38)	24,70,800 (1.04)
Day 3 25-09-23	24,63,600 (2.08)	12,85,800 (1.09)	37,49,400 (1.58)
Day 4 26-09-23	52,00,800 (4.39)	26,10,600 (2.2)	78,11,400 (3.3)

Fresh Issue

1
Reduction of the aggregate outstanding borrowings of the Company ( Rs 37.50/- Cr ) General corporate purposes ( Rs 10.48/- Cr )
2
Reduction of the aggregate outstanding borrowings of the Company ( Rs 37.50/- Cr )
3
General corporate purposes ( Rs 10.48/- Cr )
4
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
5
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
6
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
7
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
8
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
9
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

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1 Comments

B
Bharat Sharma 22 Sep 2023, 04:09

gmp????

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY23	25.34	20.68	3.65
FY22	17.56	22.91	(5.35)
FY21	15.78	20.27	(4.49)

Open Date	Sep 21, 2023
Close Date	Sep 26, 2023
Allotment Date	Oct 03, 2023
Listing Date	Oct 06, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 200 Per Equity Share
Retail Min Lot	1 Lot (600 Shares - ₹ 1,20,000)
Lead Manager	Arihant Capital Markets Limited

Organic Recycling Systems Limited

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