Organic Recycling Systems Ltd

Miscellaneous

Offer Period :

21st to 9th Sep 2023

Established in 2008, Organic Recycling Systems Limited specializes in sustainable waste management solutions. Their business verticals include the BOOT model, EPC services, and supply of key equipment.  Read more... With a patented DRYAD technology, they operate an MSW processing plant in Solapur, Maharashtra, converting municipal solid waste into electricity and compost.Read less

Organic Recycling Systems Ltd IPO Details

IPO Date 21st to 9th Sep 2023 Minimum Investment ₹120000 / 1 Lots
Listing Date 2023-10-06 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹50 Crores
Price ₹200 to ₹200 per share Fresh Issue ₹50 Crores
Lot Size 1 Lots (600 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 9th Sep 2023
Listing Date 2023-10-06
Face Value ₹10 per share
Price ₹200 to ₹200 per share
Lot Size 1 Lots (600 Shares)
Listing At BSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Total Issue Size ₹50 Crores
Fresh Issue ₹50 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Sep

IPO Starts

26th Sep

IPO Ends

3rd Oct

Allotment Date

4th Oct

Initiation of Refund

5th Oct

Credit of Shares to Demat Account

6th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 30.14 20.35
Public Group 69.86 79.65

Organic Recycling Systems Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1185000(47.4%)
Retail Shares Offered 1185000(47.4%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2500200
Total Shares With Anchor Investor 2500200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Organic Recycling Systems Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number 011-45121795;
Email Id ipo@maashitla.com
Our Website www.maashitla.com

Organic Recycling Systems Ltd IPO Lead Manager

1. Arihant Capital Markets Ltd

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

Organic Recycling Systems Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Organic Recycling Systems Ltd

1. Service provider in MSW management sector focusing on processing and disposal of MSW.

2. Patented technological capabilities for providing customized solutions to end customers.

3. Track record of project execution.

4. Experienced Promoters and Management Team with Strong Domain Expertise along with strong technical capabilities and data driven approach enabling the company to capitalize on the huge growth potential in the MSW space.

Risks Involved

1. There are outstanding legal proceedings involving the Company, its Subsidiaries, the company Directors and the Promoter.

2. The company business involves government authorities and agencies as they are entrusted with collection, treatment of disposal of Municipal Solid Waste. The company is exposed to risks of similar government related business manifested in the form of delay in approvals, delayed payments, time and cost overruns and consequential disputes and litigations.

3. The company is dependent on municipal authorities for a substantial proportion of its business and revenues. Many Municipalities have been struggling to fund various solid waste management projects from their own revenue receipts and are highly dependent on state/central grants/budget allocation. Any decline in the budgetary allocation towards MSW projects will have a material adverse impact on its business, financial condition, and results of operations.

4. MSW projects are typically awarded to the company on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company business and its financial condition may be adversely affected if new MSW projects are not awarded to the company.

5. The company Directors, the Company and its subsidiary Company have received notices from various Regulatory Authorities in the matter of investments by West Coast Ventures (India) Private Limited (WCV) the associate company of Maitreya Services Limited and Maitreya Plotters and Structures Private Limited (companies that are barred by SEBI from raising money from the capital market) into its subsidiaries. The notices are related to collecting information and enquiring into the transactions between the Company and WCV. Although as of date, no action has been initiated by the regulatory authorities in this matter , there is still a risk that at the stage of framing of charges and at the stage of final orders post investigation and judicial processes that the Company and Directors may be found guilty. In such eventuality, its business may get materially and adversely affected, including pressing of criminal charges, attachment of assets and also shutting down of its business may occur.

6. There is a litigation against its material subsidiary for a financial claim. Currently the matter is in appeal. If the final order is decided against the company, it may lead to a financial loss to it.

7. The Company has been incurring losses for the past years.

8. The company has had negative cash flows in the past and may continue to have negative cash flows in the future.

9. The company has made certain delayed payments of the principal and interest component on its borrowings / loans due to which there is high probability that such instances might re-occur.

10. If the company is unable to protect its trademark/ patent beyond the expiry period, others may be able to use its trademarks, patent and tradenames to compete more effectively.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 119.31 106.69 102.73
Total Liabilities 119.31 106.69 102.73
Total Expenses 20.68 22.91 20.27
Total Revenue 
25.34 17.57 15.78
Profit After Tax 3.65 -5.35 -4.49
EBITDA 11.49 2.14 3.27
Adjusted EBITDA 0 0 0

Organic Recycling Systems Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-06 543997 -
INE0MIO01019
₹200 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹200 ₹200
Open ₹215 ₹0
Low ₹214 ₹0
High ₹225.75 ₹0
Low ₹214 ₹0

Frequently Asked Questions

What is Organic Recycling Systems Ltd IPO?

Answer Field

Organic Recycling Systems Ltd IPO is a SME IPO of 25,00,200 equity shares of a face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹200 to ₹200 per share. The minimum order quantity is 600 Shares. The IPO opens on September 21, 2023, and closes on September 26, 2023. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Organic Recycling Systems Ltd IPO will open?

Answer Field

The Organic Recycling Systems Ltd IPO opens on September 21, 2023 and closes on September 26, 2023.

What is the lot size of Organic Recycling Systems Ltd?

Answer Field

Organic Recycling Systems Ltd lot size is 600 shares, and the minimum amount required is ₹1,20,000.

How to apply for Organic Recycling Systems Ltd IPO?

Answer Field

You can apply in Organic Recycling Systems Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Organic Recycling Systems Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Organic Recycling Systems Ltd IPO will be done on October 03, 2023, and the allotted shares will be credited to your demat account by October 05, 2023.

When is Organic Recycling Systems Ltd IPO listing date?

Answer Field

The Organic Recycling Systems Ltd listing date is October 06, 2023.

Who is the registrar of Organic Recycling Systems Ltd IPO?

Answer Field

The registrar of Organic Recycling Systems Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Arihant Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Organic Recycling Systems Ltd IPO?

Answer Field

The fresh issue size is ₹50 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Organic Recycling Systems Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 600 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for Organic Recycling Systems Ltd IPO?

Answer Field

To apply for Organic Recycling Systems Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Organic Recycling Systems Ltd?

Answer Field

The price of each Organic Recycling Systems Ltd share will be ranging in between ₹200 to ₹200 per share.

What is the cut-off time for the UPI mandate for Organic Recycling Systems Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 26, 2023.

No results found

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SANSTAR LIMITEDMainboard IPO

  • Bidding Dates

    19th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹90 - 95

  • IPO Size

    ₹5,10,15,00,000

  • Apply Now
  • RNFI SERVICES LIMITEDSME IPO

  • Bidding Dates

    22nd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹98 - 105

  • IPO Size

    ₹70,81,00,000

  • Apply Now
  • SAR TELEVENTURE LIMITEDSME IPO

  • Bidding Dates

    22nd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹200 - 210

  • IPO Size

    ₹1,50,00,00,000

  • Apply Now
  • VVIP INFRATECH LIMITEDSME IPO Early Access

  • Bidding Dates

    23rd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹91 - 93

  • IPO Size

    ₹61,21,00,000

  • Apply Now
  • VLINFRAPROJECTS LIMITEDSME IPO Early Access

  • Bidding Dates

    23rd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹39 - 42

  • IPO Size

    ₹18,52,00,000

  • Apply Now
  • CHETANA EDUCATION LIMITEDSME IPO Early Access

  • Bidding Dates

    24th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹80 - 85

  • IPO Size

    ₹45,90,00,000

  • Apply Now
  • CLINITECH LABORATORY LIMITEDSME IPO Early Access

  • Bidding Dates

    25th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹96 - 96

  • IPO Size

    ₹5,78,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • SAHAJ SOLAR LIMITEDSME IPO

  • Issue Price

    180.00

  • Listing Day Close

    359.10

  • Listing Day (Gain/Loss)

    99.44

  • EFFWA INFRA AND RESEARCH LIMITEDSME IPO

  • Issue Price

    82.00

  • Listing Day Close

    163.55

  • Listing Day (Gain/Loss)

    100.00

  • GANESH GREEN BHARAT LIMITEDSME IPO

  • Issue Price

    190.00

  • Listing Day Close

    379.05

  • Listing Day (Gain/Loss)

    99.47

  • AMBEY LABORATORIES LIMITEDSME IPO

  • Issue Price

    68.00

  • Listing Day Close

    89.25

  • Listing Day (Gain/Loss)

    30.88

  • BANSAL WIRE INDUSTRIES LIMITEDMainboard IPO

  • Issue Price

    256.00

  • Listing Day Close

    350.30

  • Listing Day (Gain/Loss)

    36.72

  • EMCURE PHARMACEUTICALS LIMITEDMainboard IPO

  • Issue Price

    1008.00

  • Listing Day Close

    1358.85

  • Listing Day (Gain/Loss)

    34.82

  • NEPHRO CARE INDIA LIMITEDSME IPO

  • Issue Price

    90.00

  • Listing Day Close

    179.55

  • Listing Day (Gain/Loss)

    100.00

  • DIENSTEN TECH LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    152.00

  • VRAJ IRON AND STEEL LIMITEDMainboard IPO

  • Issue Price

    207.00

  • Listing Day Close

    251.95

  • Listing Day (Gain/Loss)

    21.74

  • AKIKO GLOBAL SERVICES LIMITEDSME IPO

  • Issue Price

    77.00

  • Listing Day Close

    93.35

  • Listing Day (Gain/Loss)

    20.78

  • PETRO CARBON AND CHEMICALS LIMITEDSME IPO

  • Issue Price

    171.00

  • Listing Day Close

    315.00

  • Listing Day (Gain/Loss)

    84.21

  • DIVINE POWER ENERGY LIMITEDSME IPO

  • Issue Price

    40.00

  • Listing Day Close

    152.30

  • Listing Day (Gain/Loss)

    280.00

  • VISAMAN GLOBAL SALES LIMITEDSME IPO

  • Issue Price

    43.00

  • Listing Day Close

    47.35

  • Listing Day (Gain/Loss)

    9.30

  • SHIVALIC POWER CONTROL LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    326.55

  • Listing Day (Gain/Loss)

    227.00

  • MASON INFRATECH LIMITEDSME IPO

  • Issue Price

    64.00

  • Listing Day Close

    92.40

  • Listing Day (Gain/Loss)

    43.75

  • SYLVAN PLYBOARD INDIA LIMITEDSME IPO

  • Issue Price

    55.00

  • Listing Day Close

    69.30

  • Listing Day (Gain/Loss)

    25.45

  • MEDICAMEN ORGANICS LIMITEDSME IPO

  • Issue Price

    34.00

  • Listing Day Close

    144.70

  • Listing Day (Gain/Loss)

    326.47

  • STANLEY LIFESTYLES LIMITEDMainboard IPO

  • Issue Price

    369.00

  • Listing Day Close

    474.00

  • Listing Day (Gain/Loss)

    28.46

  • WINNY IMMIGRATION AND EDUCATION SERVICES LIMITEDSME IPO

  • Issue Price

    140.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    80.00

  • AKME FINTRADE INDIA LIMITEDMainboard IPO

  • Issue Price

    120.00

  • Listing Day Close

    131.95

  • Listing Day (Gain/Loss)

    10.00

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 5x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text