Divyadhan Recycling Industries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 26 Sep 2024
Close Date
Mon, 30 Sep 2024
Price Band
₹ 60 – 64
Lot Size
2000
Issue Size
₹ 24.17 Cr
Minimum Investment
₹ 256,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Divyadhan Recycling Industries IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹24.17 Crore, comprising a fresh issue of 37.76 Lakh equity shares aggregating to ₹24.17 Crore.
The Divyadhan Recycling Industries IPO remained open for subscription from September 26, 2024, to September 30, 2024. The basis of allotment was finalized on October 01, 2024, and the company's shares were listed on NSE SME Platform on October 04, 2024.
The company had fixed the price band at ₹60 to ₹64 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Narnolia Financial Services acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Divyadhan Recycling Industries Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Divyadhan Recycling Industries IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Sep 24
- IPO Close Date
- Mon, 30 Sep 24
- Basis of Allotment
- Tue, 01 Oct 24
- Initiation of Refunds
- Thu, 03 Oct 24
- Credit of Shares to Demat
- Thu, 03 Oct 24
- Listing Date
- Fri, 04 Oct 24 — NSE & BSE
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
IPO Subscription
Check Live Subscription →The Divyadhan Recycling Industries IPO has received bids for 10,28,34,000 shares against 25,06,000 shares offered, resulting in an overall subscription of 41.04x. the NII category is subscribed 76.41x, Retail Investors 32.49x, and QIBs 29.39x.
QIB
29.39x
NII
76.41x
RII
32.49x
Total
41.04x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,52,000 shares, representing 33.16% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,16,000 shares (18.96%), while Non-Institutional Investors (NIIs) receive 5,38,000 shares (14.25%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,070,000 | 28.34% |
| Market Maker | 200,000 | 5.3% |
| Qualified Institutions | 716,000 | 18.96% |
| Non-Institutional | 538,000 | 14.25% |
| Retail Investors | 1,252,000 | 33.16% |
| Total | 3,776,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Divyadhan Recycling Industries Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Divyadhan Recycling Industries Limited
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.
Divyadhan Recycling Industries IPO Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Promoters Holding
Holding Pre Issue
94.06%
Holding Post Issue
69.24%
Divyadhan Recycling Industries IPO Objective
The objects of the Issue are:-
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Divyadhan Recycling Industries Limited Address / Contact Details
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
Divyadhan Recycling Industries IPO Lot Size
The Divyadhan Recycling Industries IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,28,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,28,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.34%
- Market Maker — 5.3%
- QIB — 18.96%
- NII — 14.25%
- RII — 33.16%
Divyadhan Recycling Industries IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Narnolia Financial Services
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Divyadhan Recycling Industries IPO?
Divyadhan Recycling Industries IPO is a Book-building IPO with a total issue size of ₹24.17 crore. The Divyadhan Recycling Industries IPO price band is ₹60 to 64 per share. The Divyadhan Recycling Industries IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Divyadhan Recycling Industries IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Divyadhan Recycling Industries IPO.
When will the Divyadhan Recycling Industries IPO open for subscription?
The Divyadhan Recycling Industries IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
What is Divyadhan Recycling Industries IPO Price Band?
Divyadhan Recycling Industries IPO Price Band is ₹60 to 64 per share.
What is Divyadhan Recycling Industries IPO Lot Size?
Divyadhan Recycling Industries IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Divyadhan Recycling Industries IPO?
The minimum investment for Divyadhan Recycling Industries IPO is ₹256000, based on one lot of 2000 shares at the upper price band of ₹64 per share.
How to apply for Divyadhan Recycling Industries IPO?
Investors can apply for the Divyadhan Recycling Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Divyadhan Recycling Industries IPO allotment is finalized.
What is Divyadhan Recycling Industries IPO Issue Size?
Divyadhan Recycling Industries IPO issue size is ₹24.17 crores.
What is the Divyadhan Recycling Industries IPO Allotment Date?
Divyadhan Recycling Industries IPO allotment date is Tue, Oct 1, 2024.
Who is the Divyadhan Recycling Industries IPO Registrar?
The registrar for Divyadhan Recycling Industries IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Divyadhan Recycling Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Divyadhan Recycling Industries IPO GMP?
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 0.00% over the issue price.
Who is the Divyadhan Recycling Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Divyadhan Recycling Industries IPO are Narnolia Financial Services. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Divyadhan Recycling Industries IPO Red Herring Prospectus (RHP).