Organic Recycling Systems IPO Details ( Organic Recycling Systems Limited IPO Review )
(21 Sep 2023 – 26 Sep 2023)
Established in 2008, Organic Recycling Systems Limited is an engineering company dedicated to providing eco-friendly solutions for managing waste.
Our company operates in various sectors, including the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model, and the Supply of Key Equipment. We offer a wide range of services, such as EPC (Engineering, Procurement, and Construction) services for waste management, commissioning services, waste management consulting and advisory services, project planning, construction, and management, laboratory services, and more.
Organic Recycling Systems (ORS) has also established a Municipal Solid Waste (MSW) processing and disposal facility in Solapur, Maharashtra, aimed at converting MSW into both electricity and compost.
ORS takes pride in its patented DRY ANAEROBIC DIGESTION (DRYAD) technology, which effectively treats various types of waste, as successfully demonstrated at the Solapur plant.
Organic Recycling Systems Limited IPO Competitive Strength
- Proven Technology and capability.
- Penetration into Multiple Business Verticals.
- Lucrative Prospects of the Market.
- UN Sustainability Development Goals.
- Experience of the Promoters and Management personnel.
Organic Recycling Systems IPO Financials Performance ( Results )
Organic Recycling Systems Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 10,272.69 | 1,578.18 | -449.37 | -10.15 | 1,343.88 | 1,298.11 | 5,449.89 |
| 31-Mar-22 | 10,669.35 | 1,756.67 | -535.03 | -12.09 | 808.86 | 763.08 | 5,418.38 |
| 31-Mar-23 | 11,931.10 | 2,534.10 | 365.38 | 7.83 | 2,550.07 | 2,014.40 | 6,981.41 |
Objective of Organic Recycling Systems IPO Issue
- Reduction of the aggregate outstanding borrowings of the Company
- Towards general corporate purposes
Organic Recycling Systems IPO Basic Details
| IPO Date | Sep 21, 2023 to Sep 26, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹200 per share |
| Lot Size | 600 Shares |
| Issue Size | 2,500,200 shares of ₹10 (aggregating up to ₹50.00 Cr) |
| Fresh Issue | 2,500,200 shares of ₹10 (aggregating up to ₹50.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,199,075 |
| Share holding post issue | 7,699,275 |
| Company Promoters | Mr. Sarang Bhand |
Organic Recycling IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Organic Recycling IPO Timetable
Organic Recycling IPO will open on September 21, 2023 and close on September 26, 2023. You can join Organic Recycling IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 21 September 2023 (Thursday) |
| Closing Date | 26 September 2023 (Tuesday) |
| Basis of Allotment | 29 September 2023 (Friday) |
| Initiation of Refunds | 3 October 2023 (Tuesday) |
| Credit of Shares to Demat | 4 October 2023 (Wednesday) |
| Listing Date | 5 October 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 September 2023 |
Organic Recycling IPO Lot Size
For retail investors in Organic Recycling IPO, 600 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| S-HNI (Min) | 2 | 1200 | ₹240,000 |
Organic Recycling Systems IPO Promoter Holding
The company’s promoters include Mr. Sarang Bhand.
| Pre Issue Share Holding | 30.14% |
| Post Issue Share Holding | 20.35% |
Organic Recycling Systems Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 153.99 |
| Earning Per Share (EPS) | ₹7.83 per Equity Share |
| Net Asset Value (NAV) | ₹49.05 per Equity Share |
| P/E Ratio (P/E) (x) | 25.54 |
| Post P/E Ratio (P/E) (x) | 42.11 |
| Return on Net Worth (RoNW) (%) | 14.33 |
| Return on equity (ROE) (%) | 21.76 |
| Return on Capital Employed (ROCE) (%) | 13.06 |
| Debt/Equity Ratio | 2.7 |
Organic Recycling Systems Ltd Peer Comparison
We believe there is no other listed company which is specifically comparable to us w.r.t our business model, size and financials
Organic Recycling Systems IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹0 | – | – |
| 25 September 2023 | ₹0 | – | – |
| 24 September 2023 | ₹0 | – | – |
| 23 September 2023 | ₹0 | – | – |
| 22 September 2023 | ₹0 | – | – |
| 21 September 2023 | ₹0 | – | – |
| 20 September 2023 | ₹0 | – | – |
| 19 September 2023 | ₹0 | – | – |
Organic Recycling Systems IPO Detail Video:
Organic Recycling Systems IPO Subscription Status (Bidding Detail)
The Organic Recycling Systems IPO on September 26, 2023 at 7:30:00 PM was subscribed 3.24 times, with the retail category being subscribed 2.21 times, the other category being subscribed 4.28 times.
| Category | Subscription |
| Other | 4.28x |
| Retail | 2.21x |
| Total | 3.24x |
Organic Recycling Systems IPO Prospectus
| Organic Recycling Systems IPO DRHP | Download |
| Organic Recycling Systems IPO RHP | Download |
| Organic Recycling Systems IPO Anchor Investors Details PDF | Download |
Organic Recycling Systems IPO Rating
| Our Rating | 2.5/5.0 |
Organic Recycling Systems Company Contact Information
Organic Recycling Systems Limited
Registered Office : Office No. 1003, 10th Floor, the Affaires Plot No. 9,
Sector-17, Sanpada, Navi Mumbai- 400705.
Tel : 022-41702222
E-mail : Cs@organicrecycling.co.in
Website : www.organicrecycling.co.in
Contact Person : Ms. Zinal Mukund Shah, Company Secretary & Compliance Officer
Promoter of Our Company: Mr. Sarang Bhand
Organic Recycling Systems IPO Registrar
Maashitla Securities Private Limited
Sebi Registration No.: Inr000004370
Registered Office : 451, Krishna Apra Business Square
Netaji Subash Place, Pitampura
New Delhi – 110 034
Tel : 011-45121795;
Email : Ipo@maashitla.com
Website : www.maashitla.com
Contact Person : Mr. Mukul Agrawal
Organic Recycling Systems IPO Lead Manager
Arihant Capital Markets Limited
Merchant Banking Division
Sebi Registration No.: Inm 000011070
Registered Office : 1011, Solitaire Corporate Park, Guru Hargovindji Road, Chakala, Andheri (E), Mumbai – 400 093
Tel : 022-42254800; Fax : 022-42254880
Email: Mbd@arihantcapital.com
Website: www.arihantcapital.com
Contact Persons: Mr. Amol Kshirsagar / Mr. Satish Kumar P
Organic Recycling Systems IPO FAQs
What is the lot size of Organic Recycling Systems IPO?
The total size of Organic Recycling Systems IPO is ₹50.00 crores and this is a complete fresh Issue.
When will Organic Recycling Systems IPO start?
Organic Recycling Systems IPO will open from 21 September 2023 and IPO will close on 26 September 2023.
What is the open date of Organic Recycling Systems IPO?
Organic Recycling Systems IPO will open date from 21 September 2023.
What is the last date ( close date ) of Organic Recycling Systems IPO?
Organic Recycling Systems IPO will close from 26 September 2023.
What is the price band of Organic Recycling Systems IPO?
Organic Recycling Systems IPO price band is ₹200.
What is the minimum amount required to apply for Organic Recycling Systems IPO?
The minimum investment for retailers to apply for Organic Recycling Systems IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Organic Recycling Systems IPO?
View gray market premium of Organic Recycling Systems IPO by Clicking Here
How much is the GMP of Organic Recycling Systems IPO?
Watch Organic Recycling Systems IPO GMP Today: Click Here
What is the allotment date of Organic Recycling Systems IPO?
The allotment date of Organic Recycling Systems IPO is 29 September 2023.
How to check allotment status in Organic Recycling Systems IPO?
To check the allotment status of Organic Recycling Systems IPO, first of all go to the registrar website by clicking here, select your bad Organic Recycling Systems IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Organic Recycling Systems IPO?
The listing date of Organic Recycling Systems IPO is 5 October 2023.
How much will be the listing gain in Organic Recycling Systems IPO?
View listing gain of Organic Recycling Systems IPO by Clicking Here
How much time Organic Recycling Systems IPO is subscribed?
Total 3.24 times subscribed in Organic Recycling Systems IPO out of which 2.21 times subscription was done in retail quota, 4.28 times subscription in other quota.
How to apply for Organic Recycling Systems IPO from Upstox?
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How to apply for Organic Recycling Systems IPO from Zerodha?
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How to apply for Organic Recycling Systems IPO from Angle One?
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