· IPO comprises a fresh issue of 99,03,846 Equity Shares and an Offer for Sale of up to 9,93,590 Equity Shares with a face value of ₹2 each
· Mumbai-headquartered firm is in circular economy catering to the rubber industry, manufactures crumb rubber granules and fine rubber; operates a manufacturing facility at Lavachha, near Valsad, in Gujarat
· Home Zone intends to utilise ₹40.48 crore of the total IPO proceeds to purchase new plant and machinery, ₹25 crore for the repayment of term loan and plans to use the remaining capital for general corporate purposes
· The company has registered ₹45.49 crore in revenue from operations with a profit (PAT) of ₹4.16 crore in the first half of the current financial year ended September 2024, compared to ₹45.32 crore in revenue from operations and a profit of ₹22.82 Lakhs in FY24
Kolkata, February 10, 2025: Home Zone Rubber Solutions Limited, one of the leading players in the circular economy catering to the rubber industry, announced the filing of its Draft Red Herring Prospectus (DRHP) with BSE SME. The company’s initial public offering comprises a fresh issuance of 99,03,846 Equity Shares and an Offer for Sale of up to 9,93,590 each with a face value of ₹2. The Offer for Sale is by the promoter Mr. Jitendra Ramesh Agarwal. Horizon Management Private Limited is the sole Book Running Lead Manager to the Issue, and Maashitla Securities Private Limited is the Registrar.
The Mumbai-headquartered company is in the circular economy catering to the rubber industry and facilitates in generating EPR for the same. The company manufactures crumb rubber granules in the size of 5, 8 & 10 mesh and fine rubber in the size of 20 mesh. Home Zone focuses on saving valuable natural resources by way of recycling and helps its customers fulfil their circularity aspirations through use of recycled rubber products. The company serves a diversified customer base ranging from Tyre and tube manufacturers to automobile parts manufacturers, and conveyor belt manufacturers.
Home Zone Rubber Solutions Limited operates a manufacturing facility at Lavachha village, near Valsad in Gujarat, which is spread over an area of approximately 5.50 acres, with the existing plant occupying nearly 3 acres of land, with a total installed capacity of 56940 metric tons per annum. The facility is located in close proximity to the Jawaharlal Nehru Port Trust, helping the company in importing raw materials easily. The facility employs an extensive and stringent process at each stage of the recycling process to ensure that finished product conforms to the exact requirement of its customers. The company is also a member of Material Recycling Association of India.
According to DRHP, the company intends to utilise ₹45.49 crore of the total IPO proceeds to purchase new plant and machinery, ₹25 crore for the repayment of term loan and plans to use the remaining capital for general corporate purposes.
Home Zone aims to increase manufacturing capability of existing products such as crumb rubber granules, clean steel wires and fibre and intends to get into finer mesh up to 120 mesh which will enable the company to access new industries like Reclaim rubber, CRMB* and New Tyre manufacturers which will add immense value to its existing product line.
The company is promoted by an experienced team comprising Mr. Jitendra Ramesh Agarwal, Chairman & Managing Director, Mr. Radheyshyam Madanlal Sharma, Non-Executive Director and Abhijeet Ashok Deshpande, Whole Time Director, who have combined experience of over 15 years in the rubber industry. They are deeply involved in various aspects of the company’s business, including manufacturing process, finance, procurement, marketing and new business development.
Home Zone Rubber Solutions Limited has registered ₹45.49 crore in revenue from operations with a profit (PAT) of ₹4.16 crore in the first half of the current financial year ended September 2024, compared to ₹45.32 crore in revenue from operations and a profit of ₹22.82 Lakhs in FY24.
For more information, please visit: http://www.homezone.co.in/
Disclaimer: HOME ZONE RUBBER SOLUTIONS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the DRHP with the BSE SME. The DRHP is available on the website of BRLM and the website of BSE. Any potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to the same, please refer to the DRHP, including the section titled “Risk Factors”, beginning on page 28 of Draft Red Herring Prospectus.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act) or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being issued and sold outside the United States in ‘offshore transactions in reliance on Regulation “S* under the Securities Act and the applicable laws of each jurisdiction where such issues and sales are made. There will be no public offering in the United States.
(This story has not been edited by News Mania staff and is published from a Media Release)
