Nupur Recyclers Ltd. logo

Nupur Recyclers Ltd. IPO Details

See details

Nupur Recyclers was incorporated on January 22, 2019. Nupur Recyclers is in the field of import of non-ferrous metal scrap such as shredded Zinc Scrap, Zinc die cast scrap, Zurik SS scrap, and Aluminium zorba grades

Bidding Dates
13 Dec 2021 - 15 Dec 2021
Subscription
43.67x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,20,0001120005.7 M₹6072.6 %₹342.0 MRHP DOC

Nupur Recyclers IPO SUBSCRIPTION STATUS

15 Dec '21
Total43.67x
Retail Individual Investor34.23x
HNI (NII) Investors53.12x
Qualified Institutional Buyers-

Nupur Recyclers IPO overall subscription rate was 43.67 times the total available shares

Nupur Recyclers IPO retail subscription rate was 34.23 times in the retail segment

Nupur Recyclers IPO non-institutional investor subscription rate was 53.12 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
13 Dec 2021
(Day 1)
1.65x6.52x-
14 Dec 2021
(Day 2)
6.4x9.08x-
15 Dec 2021
(Day 3)
34.23x53.12x-

Nupur Recyclers FINANCIALS

Period Net Profit (Rs in millions) Revenue from operations (Rs in millions) Cash Flow from operations (Rs in millions) Free Cash flow (Rs in millions)
3MFY22 66.4 387.3 -29.1 -29.4
FY21 100.1 1,039.3 95.1 94.4
FY20 0.3 130.8 5.0 4.9

Nupur Recyclers IPO SUBSCRIPTION STATUS DETAILS

Nupur Recyclers had 5.7 M shares on offer

Nupur Recyclers IPO offer price was ₹60

Nupur Recyclers IPO minimum Investment was ₹120000

Nupur Recyclers IPO issue size was ₹ 342.0 M

Nupur Recyclers had a minimum lot size of 2000 Shares per application

Nupur Recyclers NUMBER OF SHARES ON OFFER

Total5.7 M
Fresh Issue5.7 M
Offer for Sale0
Post Issue Promoter Holding %72.6 %

Nupur Recyclers IPO IMPORTANT DATES

Issue Open Date13 Dec 2021
Issue close Date15 Dec 2021
Allotment Date21 Dec 2021
Refund Date22 Dec 2021
Demat Account Credit Date23 Dec 2021
Listing Date24 Dec 2021
Listing on Exchange(s)NSE
Nupur Recyclers Allotment StatusExchange

Nupur Recyclers IPO subscription opened on 13 Dec 2021, and closed on 15 Dec 2021

IPO allotment for Nupur Recyclers was finalized on Tuesday, 21 Dec 2021

IPO listing for Nupur Recyclers was on NSE on Friday, 24 Dec 2021

Nupur Recyclers IPO LISTING GAINS

Issue Price (adjusted)18.2
Listing Open Price74.0
Listing Close Price77.7
Listing Gain%23.3%
Current Gain%543.0%

Nupur Recyclers Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Nupur Recyclers Ltd.116.9243.256.8-34.83.710.67.2226.635.114.2-1.62.1-1.6
Adani Enterprises Ltd.3020408730.254.93.33.711.53.6102943.22.69339.531.65516.7
Redington Ltd.354.827741.316.340.214.74.4119347.419.91490.2-7.121.84.1
Lloyds Enterprises Ltd.83.512611.644.50.17.26.83.92183.739283.4396.51.9396.5
Swan Corp Ltd.308965635.2-0.62.23.625143.5-25.3274.1-63.78.7-63.7
MMTC Ltd.64959724.80.12814.418.313.8180.6-31.3387.4347.22.6347.2

Nupur Recyclers INFORMATION ON IPO ISSUE

About Nupur Recyclers

Nupur Recyclers was incorporated on January 22, 2019. Nupur Recyclers is in the field of import of non-ferrous metal scrap such as shredded Zinc Scrap, Zinc die cast scrap, Zurik SS scrap, and Aluminium zorba grades

Object of the Issue

  1. To meet the working capital requirements of the company
  2. To meet the general corporate purposes
  3. To meet the issue expenses

Nupur Recyclers - PROMOTERS

Name
Rajesh Gupta
Anoop Garg

Nupur Recyclers Lead Manager to the issue

Corporated Capital Ventures Private Limited

kp@ccvindia.com

Nupur Recyclers Registrar to the Offer

Skyline Financial Services Private Limited

compliances@skylinerta.com

Nupur Recyclers Strengths

Positive cash flow of company

The company has had a history of positive cash flows

Strength

Network management

The company has excellent network management and logistics

Strength

Experienced team

The company has an experienced team in the field in which it operates

Strength

Nupur Recyclers Risks

Regional restrictions

Lesser presence in South India and North East India region

Risk

Pandemic

Market that the company operates is going through downcycle due to pandemic

Risk

IPO FAQs

  • Nupur Recyclers Ltd. IPO listing opened at Rs 74.00 while the issue price was Rs 60.00 giving 23.33% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 18.18 giving 543.01% gains since its IPO listing.

  • The promoters of the company are Rajesh Gupta and Anoop Garg.

  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.

  • The price band of the IPO is Rs 60.0 - 60.0.

  • The IPO application opens on Dec 13, 2021 and closes on Dec 15, 2021.

  • The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.

  • For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.

  • This IPO will be allotted on Dec 21, 2021.

  • The refund will be credited to your account on Dec 22, 2021.

  • The allotted shares will be credited to your demat on Dec 23, 2021.

  • Nupur Recyclers Ltd.’s shares listed on the stock exchanges on Dec 24, 2021.