The Organic Recycling Systems IPO started on September 21, 2023, and ended on September 26, 2023. Shares were allocated on September 29, 2023, and refund processes began on October 3, 2023. On October 4, 2023, the shares were credited to investors demat accounts. Organic Recycling Systems was officially listed on the stock exchange on October 5, 2023.
During the IPO, Organic Recycling Systems offered shares at a price range of ₹204 to ₹215 per share, and the lot size was 600 shares. The total issue size was ₹270.20 crores, with ₹210.00 crores from new shares and ₹60.20 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% were reserved for other, and 50% were set aside for retail investors.
Organic Recycling Systems IPO Subscription Update Video
Organic Recycling Systems IPO Subscription Status
The Organic Recycling Systems IPO on September 26, 2023 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 Basic Details
| Company Name | Organic Recycling Systems Limited |
| Domain of Company | Waste Management Company |
| IPO Open Date | September 21, 2023 |
| IPO Close Date | September 26, 2023 |
| IPO Allotment Date | September 29, 2023 |
| 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 |
About Organic Recycling Systems Limited
Founded in 2008, Organic Recycling Systems Limited is an engineering company that’s all about eco-friendly waste management solutions.
We do business in a few different ways. We’ve got the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model, and we can hook you up with some essential equipment. We offer services like EPC (Engineering, Procurement, and Construction) for waste management, commissioning services, waste management consulting and advice, project planning, building, and management for waste projects, plus we’ve got a lab and more.
We also set up a plant in Solapur, Maharashtra, where we turn Municipal Solid Waste (MSW) into electricity and compost. Cool, right?
And here’s the big kicker: we’ve got this amazing patented technology called DRY ANAEROBIC DIGESTION (DRYAD). It’s a real game-changer and can handle all sorts of waste. We’ve proven it works at our Solapur plant.
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Organic Recycling Systems IPO FAQs
What is the start and end date of Organic Recycling Systems IPO Subscription?
The Organic Recycling Systems IPO started on September 21, 2023, and ended on September 26, 2023.
When does Organic Recycling Systems IPO Subscription open?
The Organic Recycling Systems IPO open on September 21, 2023.
When does Organic Recycling Systems IPO Subscription close?
The Organic Recycling Systems IPO Close on September 26, 2023.
What is the allotment date of Organic Recycling Systems IPO?
The allotment date for Organic Recycling Systems IPO is September 29, 2023.
When is the initial refund date of Organic Recycling Systems IPO?
The initial Refund date for Organic Recycling Systems IPO is October 3, 2023.
When were the shares credited to investors demat accounts for the Organic Recycling Systems IPO?
The shares for the Organic Recycling Systems IPO were credited to investors demat accounts on October 4, 2023.
When will Organic Recycling Systems IPO be listed on the stock market?
Organic Recycling Systems IPO stock market will be listed on October 5, 2023 at 10 am.
What was the price range of the Organic Recycling Systems IPO shares?
The Organic Recycling Systems IPO shares were offered at a price range of ₹200 per share.
What was the lot size for the Organic Recycling Systems IPO shares?
The lot size for the Organic Recycling Systems IPO shares was 600 shares.
What was the total issue size of the Organic Recycling Systems IPO?
The total issue size of the Organic Recycling Systems IPO was ₹50.00 crores.
How were the shares allocated among different types of investors for the Organic Recycling Systems IPO?
50% of the shares were allocated to retail, 50% were reserved for other.
On which stock exchanges was the Organic Recycling Systems IPO listed?
The Organic Recycling Systems IPO was listed on both the NSE and BSE.
What is the Organic Recycling Systems IPO Subscription Status?
Organic Recycling Systems IPO is subscribed Times.
