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Horizon Reclaim (India) Limited, incorporated in 2006 and based in Uttar Pradesh, is a manufacturer of reclaimed rubber products derived from waste materials including used tyres, tread peelings, rubber tubes and industrial rubber scrap (including EPDM). Products include Natural Rubber Reclaim, Synthetic Rubber Reclaim and Crumb Rubber, used across automotive, footwear, construction and industrial sectors. In-house manufacturing facility with diversified customer base across India. IPO is 100% fresh issue of 52.69 lakh shares. Proceeds for working capital requirements, repayment of borrowings, capex for additional plant and machinery, and general corporate purposes. Revenue ₹50.01 Cr (FY26), EBITDA ₹16.32 Cr, PAT ₹10.50 Cr. Raised ₹15 Cr+ from anchor investors including Bandhan MF, Nova Global Opportunities Fund, Finavenue Growth Fund. Listed at ₹151 (+46.60%), hit a high of ₹152, then frozen at 5% lower circuit. GMP pre-listing: ₹50 (48.5% over ₹103 issue price).