The Organic Recycling Systems IPO commenced on September 21, 2023, and concluded on September 26, 2023. The allotment of shares took place on September 29, 2023, and the initiation of refunds began on October 3, 2023. The shares were credited to the demat accounts of investors on October 4, 2023. Finally, the listing of Organic Recycling Systems on the stock exchange occurred on October 5, 2023.
The Organic Recycling Systems IPO was priced at ₹204 to ₹215 per share, with a lot size of 600 Shares. The total issue size was ₹ crores, comprising a fresh issue of ₹ crores and an offer for sale of ₹ crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Organic Recycling Systems IPO Basic Details
|Company Name||Organic Recycling Systems Limited|
|Domain of Company||Waste Management Company|
|Organic Recycling Systems IPO GMP Today||₹00.00|
|Organic Recycling Systems IPO Listing Gain||00.00%|
|Organic Recycling Systems IPO Open Date||September 21, 2023|
|Organic Recycling Systems IPO Close Date||September 26, 2023|
|Organic Recycling Systems IPO Allotment Date||September 29, 2023|
|Organic Recycling Systems IPO Listing Date||October 5, 2023|
|Face Value||₹10 per share|
|Price||₹204 to ₹215 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||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Mr. Sarang Bhand|
Organic Recycling Systems IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|21 September 2023||₹0||0.00%||–||–|
|20 September 2023||₹0||0.00%||–||–|
Organic Recycling Systems Limited IPO Details:
Founded in 2008, Organic Recycling Systems Limited is an engineering company that specializes in sustainable waste management solutions.
Organic Recycling Systems, or ORS for short, has various business areas, including the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model, and the Supply of Key Equipment. We provide a range of services such as waste management EPC (Engineering, Procurement, and Construction), commissioning services, waste management consulting and advisory services, project planning, construction, and management of waste management projects, as well as laboratory services and more.
Additionally, ORS has established a Municipal Solid Waste (MSW) processing and disposal facility in Solapur, Maharashtra. This facility converts MSW into both electricity and compost, contributing to sustainable waste management practices.
One of our notable achievements is the development of our patented DRY ANAEROBIC DIGESTION (DRYAD) technology. This innovative technology is capable of effectively treating various types of waste, and its successful implementation at the Solapur plant demonstrates its effectiveness.
Organic Recycling Systems IPO More Details Click Here
Organic Recycling Systems IPO FAQs
When is Organic Recycling Systems IPO open?
Organic Recycling Systems IPO will open on 21 September 2023.
When is Organic Recycling Systems IPO Close?
Organic Recycling Systems IPO will be closed on 26 September 2023.
What is Organic Recycling Systems IPO GMP Today?
The Organic Recycling Systems IPO GMP aka Grey Market Premium is ₹0.
What is Organic Recycling Systems IPO Kostak Rates Today?
The Organic Recycling Systems IPO Kostak Rate is ₹000.
What is Organic Recycling Systems IPO Subject to Sauda Price Today?
The Organic Recycling Systems IPO subject to sauda rates is ₹000.
Organic Recycling Systems IPO Expected Returns?
The Organic Recycling Systems expected return is 0.00%.
How much will be the listing gain in Organic Recycling Systems IPO?
Organic Recycling Systems IPO will get listing gain of 0.00%. (Approx.)