Divyadhan Recycling Industries IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 60 – 64
Lot Size
2000
Issue Size
₹24.17 Cr
Minimum Investment
₹256000 (4000 Shares)
Listing Date
04 October 2024
Subscription
41.04x
About the Company
Divyadhan Recycling is dedicated to producing recycled polyester staple fiber (R-PSF) and recycled pellets, which are utilized in creating high-quality pillows, cushions, and quilts. These recycled fibers are distributed to various industries, including Packaging, Home Furnishing, and Textiles. The unique hollow structure of the fiber enhances its insulating capabilities, making it appropriate for a broad spectrum of products such as clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials.
Located in Baddi, Himachal Pradesh, Divyadhan Recycling's manufacturing facility has an annual capacity of 8,030 metric tons. The company obtains raw materials (post-consumer PET bottles) from various junk collectors and converts them into Recycled Polyester Staple Fiber and Recycled Pellets at its factory. At present, Divyadhan Recycling is primarily serving non-food industries that require recycled bottles for their packaging needs.
Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Promoters Holding
Holding Pre Issue
94.06%
Holding Post Issue
69.24%
Objects of the Issue
The objects of the Issue are:-
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Address / Contact Info
Divyadhan Recycling Industries Limited
1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange
Powai, Mumbai City - 400072,
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: https://divyadhan.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 26 September 2024
IPO Close Date
Monday, 30 September 2024
Basis of Allotment
Tuesday, 01 October 2024
Initiation of Refunds
Thursday, 03 October 2024
Credit of Shares to Demat
Thursday, 03 October 2024
Listing Date
Friday, 04 October 2024 — NSE & BSE
Important Dates
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2412.11 | 1938.64 | 1767.74 |
| Revenue | 5912.88 | 5815.51 | 5981.52 |
| Profit After Tax | 237.8 | 216.18 | 52.91 |
| Net Worth | 1291.03 | 853.23 | 63704999.99 |
| Reserve & Surplus | 764.49 | 353.23 | 137.05 |
| Total Borrowings | 606.64 | 54554999.99 | 799.76 |
EPS Pre
2.26%
EPS Post
1.66%
P/E Pre
28.34
P/E (Post Issue)
38.50x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 18.42 |
| ROCE % | 20.76 |
| Debt / Equity | 0.47 |
| RoNW % | 18.42 |
| PbW | 4.9 |
| Pat Margin % | 4.24 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1070000 | 28.34 | 0 |
| Market Maker | 200000 | 5.3 | 0 |
| Qualified Institutions | 716000 | 18.96 | 0 |
| Non-Institutional | 538000 | 14.25 | 0 |
| Retail Investors | 1252000 | 33.16 | 0 |
| Total | 3776000 | 100 | 0 |
Subscription Status ( Mon, 30 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 716000 | 21046000 | 29.39x |
| Non-Institutional | 538000 | 41106000 | 76.41x |
| Retail Investors | 1252000 | 40682000 | 32.49x |
| Total | 2506000 | 102834000 | 41.04x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 128,000.00 |
| Retail (Max) | 1 | 2,000 | 128,000.00 |
| S-HNI (Min) | 2 | 4,000 | 256,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Narnolia Financial Services
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Divyadhan Recycling Industries IPO is a Book-building IPO worth ₹24.17 crores. The price band is ₹60 to 64 per share. The IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Divyadhan Recycling Industries IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
Divyadhan Recycling Industries IPO Price Band is ₹60 to 64.
Divyadhan Recycling Industries IPO lot size is 2000, and the minimum amount required for application is ₹256000.
The minimum investment for Divyadhan Recycling Industries IPO is approximately ₹256000 based on the upper price band.
To apply for the Divyadhan Recycling Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 30, 2024. After submission, funds are blocked until the basis of allotment of Divyadhan Recycling Industries IPO is finalised.
Divyadhan Recycling Industries IPO issue size is ₹24.17 crores.
Divyadhan Recycling Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Divyadhan Recycling Industries IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Divyadhan Recycling Industries IPO through their official website or helpline.
The Divyadhan Recycling Industries IPO GMP (Grey Market Premium) is ₹0 as of Fri, Oct 4, 2024. Based on the upper price band of ₹64 per share, the estimated Divyadhan Recycling Industries IPO listing price is ₹64, indicating a potential listing gain of approximately 31% over the issue price.