Stellar Debut! Horizon Reclaim India share price lists at ₹151, a premium of 47% from SME IPO price

Horizon Reclaim (India) listed at around Rs 151 on the BSE SME platform, a premium of about 47 percent over its issue price of Rs 103, though this underperformed grey market expectations of a 72.82 percent premium. The Rs 54 crore IPO was subscribed 304.11 times overall, with NIIs at 450.74 times, RIIs at 308.30 times, and QIBs at 186.72 times. The company, which manufactures reclaimed rubber from scrap tyres and industrial rubber waste, will use proceeds for working capital, debt repayment, capex on plant and machinery, and general corporate purposes.