Hello friends, in this article we will talk about the Organic Recycling System. Organic Recycling Systems Limited is a company made to revolutionize the waste administration sector in India. This company stakes made a somewhat decent debut on BSE SME today. On BSE SME, Organic Recycling Systems’ share cost today was listed at ₹215 each share, 7.5% more increased than the issue price of ₹200. Since the news has come on the internet and has gone viral on many social networking sites. Here we have more information about the news and we will share it with you in this article, so let’s continue the article.
Organic Recycling IPO details
Currently, Organic Recycling has been making a round on the internet as lots of people are very curious to know about the Organic Recycling IPO details. Organic Recycling Systems IPO cost ₹50 crores, and is a new issue of 2,500,200 equity stakes; there is no offer for sale (OFS) segment. Sarang Bhand is the champion of the company. The company also plans to utilize net profits from the offering to repay debt, meet general corporate intentions, and budget issue expenses. Scroll down to the next page for more information about the news. so please read the complete article.
As per the red herring prospectus (RHP), 75% of gross IPO proceeds will go towards deficit compensation, 20.96% will be used to meet general corporate goals and 4.04% will be utilized to meet issue costs. Arihant Captial Markets Ltd is the book-running lead manager of the Organic Recycling IPO, while Maashitla Securities Private is the clerk for the issue. The market creator for Organic Recycling Systems IPO is Arihant Capital Markets. Organic Recycling has been supplying sustainable waste management solutions in India since 2008. You are on the right page for more information about the news, so please read the complete article.
Organic Recycling Systems IPO GMP today
Organic Recycling IPO GMP today or grey market premium is +16 similar to the last two trading sessions. This showed that Organic Recycling IPO GMP today shares were trading at a premium of ₹16 in the grey market on Friday, according to investorgain.com.Considering the upper end of the Organic Recycling IPO cost band and the current premium in the grey market, the assessed listing price of Organic Recycling Systems shares was ₹216 per share, which is 8% more increased than the issue cost of ₹200 for the Organic Recycling IPO. Here we have shared all the information that we had. Stay tuned to us for more updates.