Baheti Recycling Industries Limited
Start Date28-11-2022
Application Timing10am-5pm
Price Range₹45 - ₹45
Min Qty3000
Min. Investment₹135000
Listing DateNA
Close Date30-11-2022

About Baheti Recycling Industries Limited

Behati Recycling primarily operates in n processing aluminium based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. It also engages in in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. The versatile properties of aluminium and its alloys, results in it being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc. Aluminium alloys are used in automobiles components due to its stiffness, corrosion resistance and excellent strength to weight ratio while Aluminium de-ox alloys are used as deoxidizer in steel manufacturing units.

Aluminium is more environment-friendly than steel, plastic and other materials. Key sectors to drive aluminium consumption in India are Auto, Power, Electronics, Railways, Aerospace & Defence Construction, Solar Energy and Aluminium packaging.    
Some of the key customers are ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc. The company market its products to around 12 states & Union Territories in India of which majority portion of the revenue comes from the state of Gujarat, Maharashtra, Orissa and Jharkhand. The company also sells products to the foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc. 

Why To Invest in Baheti Recycling Industries Limited

Behati Recycling, an aluminium recycling company, IPO opens on 28th November and closes on 30th November. The issue consists of fresh issue of 2,760,000 equity shares of Rs. 45 each, aggregating upto 14.42 crores. The IPO lot is 3000 shares per lot. The allotment of the shares will take place on 5th December while the issue will be listed on 8th December.

Strengths And Risks
: In-house manufacturing facility supported by technology-driven process.
: Stringent quality control mechanism ensuring standardized product quality.
: Diversified Client Base and long-standing relationship with our customers.
: Strong and diversified supplier base for sourcing raw materials.
: Changes in consumer demand
: Inflation, deflation, unanticipated turbulence in interest rates, equity prices or other rates or prices
: Failure to keep pace with rapid changes in technology
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