Lead Reclaim and Rubber Products Limited IPO
i. Lead Reclaim and Rubber is in the business of manufacturing of reclaimed rubber, crumb rubber powder and rubber granules. The Company focus on
a) saving valuable natural resources by way of recycling; and
b) helping its customers fulfil their circularity aspirations through use of the reclaimed rubber products.
ii. They believe that they are one of the few companies in the reclaimed rubber industry that can process radial rubber, scrap tyre and tube rubber. Their manufacturing facility is situated at 856/4, Sarali Road Village – Pithai, Taluka- Kathalal, Kheda – 387630, Gujarat, which is spread over a total land area of approximately 7790 Sq. mts. with the existing plant occupying approximately 2253 Sq. mts with the total install capacity of 5520 metric tons. The manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the recycling process to ensure that the finished product conforms to the exact requirement of their customers.
iii. Company’s Product Portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of various grades of whole tyre reclaim rubber, butyl reclaim rubber and natural reclaimed rubber. Currently, they sell their products to OEM’s, Tier I companies in the automotive manufacturing sector, distributors and dealers. The company also sell its products to foreign buyers located in Sri Lanka, Argentina, Turkey, China, etc through merchant exporters.
iv. At their manufacturing facility, theyr have an in-house testing laboratory, for testing their raw materials and finished products to match the quality standards as specified and required by the customers. The company strives to meet all the environment, health and safety standards in the manufacturing process. Every batch of Reclaimed rubber undergoes various parameters of quality tests.
i. In-house manufacturing facility supported by technology driven process
ii. Diversified customer base and long-standing relationship with our customers
iii. Experienced Promoter Directors with extensive domain knowledged.
Objects of the Lead Reclaim and Rubber Products Limited IPO:
Lead Reclaim and Rubber Products Limited IPO Details:
|Open Date:||Feb 09 2023|
|Close Date:||Feb 13 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||4.88 Cr.|
|Lot Size:||6000 Shares|
|Issue Price:||₹ 25 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Feb 21 2023|
Promoters And Management:
Financials of Lead Reclaim and Rubber Products Limited IPO:
|Particulars (In Lakh)||2022||2021||2020|
|Revenue from Operation||1,030||704||477|
|Cost of Material Consumed||621||351||221|
|Change In Inventories||-26||10||-5|
|Employees Benefit Expenses||48||28||15|
|No. Of Shares||73||73||73|
Comparison With Peers:
|Name of The Company||Revenue (Cr)||Profit (Cr)||EPS||P/E||CMP||MCap|
|Lead Reclaim & Rubber Product Limited||10||0.48||0.65||38||25||18|