Organic Recycling Systems Limited IPO
i. Organic Recycling Systems is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain. The Company has been a forerunner in providing sustainable waste management solutions in India since 2008. Incorporated by technocrats our focus primarily has been on developing robust, cost effective & environment friendly technologies that are simple to operate. They have proven technology and capability of successfully running one of India’s first Waste to Energy (WTE) plant developed on anaerobic biomethanation technology.
ii. The anaerobic bio methanation technique has been recognized as a promising technology as per National Master Plan issued by Government of India, They have also set up a MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. The plant has been operational since 2013 with the plant being recognized as one of the case studies for best practices for MSWM under the Swachh Bharat Mission and various other reports. With the data collected over the years, the company is now a front runner for various EPC opportunities in the country and therefore providing solutions encompassing entire value chain for waste management.
iii. Their Business verticals includes Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model and Supply of key equipment.
iv. Waste Management is a very huge opportunity in India due to its demographics and consumption pattern. The sector is in its growth stage with very few players having the right technology and capability to provide sustainable solutions. Hence they are determined to enter into and become one of the leading technology & service providers in Asian, Middle Eastern, and African region for mitigating waste management challenges by promoting sustainable technological innovations right from door-step and community level solutions to large scale end-to-end infrastructure solutions for municipal waste management.
v. Their projects are implemented keeping in the mind positive social impact on environment & well-being for society at large. Driven by principles of circular economy, we are committed to recover maximum resources from waste thereby reducing burden on landfills.
Competitive Strength :
i. Proven Technology & Capability
ii. Penetration into Multiple Business Verticals
iii. Experience of our Promoters and management personnel
Objects of the Organic Recycling Systems Limited IPO:
Organic Recycling Systems Limited IPO Details:
|Open Date:||Sep 21 2023|
|Close Date:||Sep 26 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||50 Cr.|
|Lot Size:||600 Shares|
|Issue Price:||₹ 200 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Oct 05 2023|
Promoters And Management:
Financials of Organic Recycling Systems Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||1,252||1,461||2,472|
|Changes in inventories||12||-17||28|
|Employee Benefits Expense||228||275||359|
|Depreciation & Amortisation||645||596||496|