Organic Recycling Systems Ltd. has announced public offering of 2500200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 190.00 per share. The gross proceeds of the issue are expected to be Rs 5,000.40 lakhs.

The company's initial public offer (IPO) will open on 21 September 2023 and is expected to close on 26 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2500200 Equity Shares of the Company at an price of Rs 200.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Organic Recycling Systems Ltd. anticipates using the proceeds of the issue for .

Arihant Capital Markets Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.