Horizon Reclaim IPO Day 3: GMP ₹51 (+₹6)
Welcome back to our daily deep dive into the Horizon Reclaim IPO, currently open for subscription on the BSE SME platform! It’s Day 3, and as the IPO period hurtles towards its closing on June 16th, 2026, investors are keenly watching every tick of the subscription clock and every fluctuation in the Grey Market Premium (GMP). As of today, the overall subscription numbers are still showing zero across all categories, which might seem unusual, but let’s unpack what this truly signifies and what the exciting GMP movement tells us.
| Date | GMP | Est. Listing |
|---|---|---|
| 16 Jun | +₹60 | ₹158 |
| 15 Jun | +₹52 | ₹150 |
| 13 Jun | +₹51 | ₹149 |
| 12 Jun | +₹45 | ₹143 |
| 11 Jun | +₹42 | ₹140 |
Subscription Status
It’s Day 3, and the subscription figures for Horizon Reclaim remain at 0x across the board: Retail, NII (High Net-worth Individuals), QIB (Qualified Institutional Buyers), and the Total. Now, before you hit the panic button, this isn’t as alarming as it might initially appear for an SME IPO. Typically, the bulk of subscriptions, especially from retail investors and HNIs, tend to pour in during the last two days of the IPO. Many investors prefer to wait until the very end to gauge the overall interest and the final GMP before committing their capital. The lack of early subscription doesn’t necessarily mean a lack of interest; it often points to a strategic waiting game played by potential applicants. We’ll be keeping a very close eye on how this progresses over the next couple of days, as the real picture will emerge then.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 308.30x | |
| NII / HNI | 451.09x | |
| QIB | 248.76x | |
| Total | 304.19x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 16 Jun | 308.30x | 451.09x | 248.76x | 304.19x |
| 15 Jun | 90.39x | 140.07x | 0.11x | 75.25x |
| 12 Jun | 11.37x | 12.63x | 0.00x | 8.39x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP), which is currently showing some very encouraging signs. Horizon Reclaim’s GMP stands strong at ₹51 today. This is a significant jump from yesterday’s ₹45, marking an increase of ₹6. This upward trend in GMP is a positive indicator, suggesting that the market sentiment towards Horizon Reclaim is strengthening. A higher GMP reflects increased demand in the unofficial market, often a precursor to strong listing gains. Based on the current GMP of ₹51 and an issue price of ₹98, the expected listing price is around ₹149 (₹98 + ₹51). This ₹149 mark represents a healthy potential listing gain, which is definitely something to consider.
Should You Apply?
So, the million-dollar question: should you be applying for Horizon Reclaim? The situation presents a bit of a mixed bag, but with a leaning towards positive. On one hand, the subscription numbers are still nascent, which is typical for SME IPOs but still warrants caution. However, the GMP is telling a different story, showing robust demand and a healthy potential listing gain. The increase in GMP is particularly noteworthy and suggests that market makers are quite optimistic about this offering. Remember, the lot size is 1200 shares, so factor that into your investment calculations. As always, it’s prudent to conduct your own thorough research and consider consulting with a SEBI registered investment advisor before making any investment decisions. The IPO period is set to conclude on June 16th, 2026, so you still have some time to deliberate.