Bandhan MF Buys More Horizon Reclaim After 43% Listing Pop

Bandhan Mutual Fund bought an additional 0.6% stake in Horizon Reclaim a reclaimed rubber manufacturer at ₹139.95 per share via open market transactions on June 22. The stock had surged 43% on its listing day before falling 2.41% to ₹143.75 on profit booking. Bandhan already held 3.11% purchased at ₹103 via anchor book during IPO. Bandhan first bought shares at ₹103 during the IPO anchor book. After a 43% listing day surge the stock trades around ₹144. Instead of booking profits Bandhan is buying more at higher prices a strong signal that the fund sees significant further upside beyond the listing pop. Horizon Reclaim is a reclaimed rubber manufacturer it processes used rubber and converts it into reusable raw material for tyre and rubber product manufacturers. This is a circular economy business reducing dependence on virgin rubber while lowering costs for rubber product companies. With India's tyre industry growing and sustainability focus increasing reclaimed rubber is a niche but fast growing segment. Before an IPO opens to the public companies sell shares to large institutional investors called anchor investors at the IPO price. This builds confidence for retail investors. When an anchor investor like Bandhan MF buys more shares in open market after listing it confirms their conviction was not just pre IPO they genuinely believe in the company's long term prospects. Bandhan MF buying additional Horizon Reclaim shares after a 43% listing pop taught me that post IPO institutional accumulation in open market is a stronger conviction signal than anchor book participation alone, and that tracking what anchor investors do after listing whether they sell or add more is an essential signal for evaluating small cap IPO stocks before investing. $APOLLOTYRE $MRF $CEATLTD