Horizon Reclaim IPO Final Day: GMP ₹52 (+₹1)

It’s Day 5, the final curtain call for the Horizon Reclaim IPO on the BSE SME platform. Today marks the closing of subscriptions, and investors are making their last-minute decisions. While the official subscription numbers are still rolling in, the grey market premium (GMP) is showing some positive momentum, hinting at potential investor interest. This is the last chance to get in before the stock potentially lists on the exchange. The IPO period, which began on 2026-06-12, wraps up today, 2026-06-16.

Subscription Status

As of the morning of Day 5, the subscription figures for Horizon Reclaim are showing 0x across all categories – Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This might seem concerning at first glance, especially on the closing day. However, it’s crucial to remember that the bulk of subscription activity often happens in the final hours. Many investors prefer to wait until the very last moment to gauge market sentiment and potentially react to any late-breaking news or competitor IPO performance. The absence of immediate heavy subscriptions doesn’t necessarily spell doom; it could simply mean investors are playing a waiting game. We’ll need to keep a close eye on the final numbers as they are released throughout the day.

GMP Update

Interestingly, the Grey Market Premium (GMP) for Horizon Reclaim is currently standing at ₹52. This is a slight increase from yesterday’s ₹51, marking a ₹1 jump. While a ₹1 increase might seem modest, it’s a positive signal, especially on the closing day. It indicates that the grey market sentiment is leaning towards a premium listing. The current GMP of ₹52, coupled with the issue price of ₹98, suggests an expected listing price of around ₹150 (₹98 + ₹52). This expected listing price is certainly attractive and could be influencing some last-minute subscription decisions.

The steady, albeit slow, rise in GMP is encouraging. It shows that there’s a segment of the market that believes Horizon Reclaim is undervalued at its current IPO price and is willing to pay a premium for it even before it lists. This could be due to the company’s business model, its sector’s growth prospects, or simply the current market appetite for SME IPOs. The previous GMP was ₹51, and seeing it tick up to ₹52 on the final day is a good sign for potential applicants.

Should You Apply?

So, the big question: should you apply for Horizon Reclaim’s IPO? It’s a balanced decision. On one hand, the subscription numbers are still absent, which is a point of caution. You don’t want to be left holding shares in an IPO that doesn’t generate enough buzz. However, that said, the GMP is showing a positive trend, suggesting a potential profitable listing. The expected listing price of ₹150, derived from the issue price of ₹98 and the current GMP of ₹52, looks promising. Remember, the lot size is 1200 shares, so a ₹52 premium translates to a good potential profit per lot.

It’s always wise to consult with SEBI registered investment advisors before making any financial decisions. They can provide personalized guidance based on your risk appetite and financial goals. The bottom line is, while the subscription numbers are a waiting game, the GMP provides a tangible indicator of market sentiment. If you’re comfortable with the risks associated with SME IPOs and the current GMP trend aligns with your expectations, it might be worth considering. Don’t forget to check the final subscription figures as they come in throughout the day.

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