Divyadhan Recycling Industries IPO will open for subscription from 26 September 2024. The company aims for an issue size of ₹24.17 Cr through this IPO.
Company Overview
| Full name | Divyadhan Recycling Industries Limited |
| Sector | Textile |
| Industry | Textile – Manmade fibres |
| Company Website | https://divyadhan.in/ |
About Company
Divyadhan Recycling is in the business of manufacturing recycled polyester staple fibre (R-PSF) and recycled pellets which are used to make premium pillows, cushions and quilts. The recycled fiber is supplied to various industries such as Packaging, Home furnishing, and Textiles. Its hollow structure adds to its insulating properties, making it suitable for use in a wide range of products including clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials.
The company’s manufacturing facility is based in Baddi, Himachal Pradesh with a capacity of 8,030 metric tons per annum. Divyadhan Recycling sources raw materials (post-consumer PET bottles) from various junk collectors and recycles them to produce Recycled Polyester Staple Fibre and Recycled Pellets at its factory. Currently, it is catering to non-food industries requiring recycled bottles for their packaging. Divyadhan Recycling has around 82 employees on its payroll.
The Objectives of the Issue
- To meet the Capital Expenditure.
- For Issue Expenses.
- General Corporate Purposes.
Divyadhan Recycling Industries IPO Timetable
| IPO Opening date | 26 September 2024 |
| IPO Closing | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation Refund | 03 October 2024 |
| Credit to Demat Account | 03 October 2024 |
| Listing Date | 04 October 2024 |
Divyadhan Recycling Industries IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹24.17 Cr – 3,776,000 shares |
| Fresh Issue | ₹24.17 Cr – 3,776,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 200,000 shares |
| Shareholding pre-issue | 10,530,714 |
| Shareholding post-issue | 14,306,714 |
| Listing Exchange | NSE SME |
Divyadhan Recycling Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
Divyadhan Recycling Industries Offer Documents
Divyadhan Recycling Industries IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 10,70,000 (28.34%) |
| Market Maker Shares Offered | 2,00,000 (5.3%) |
| QIB Shares Offered | 7,16,000 (18.96%) |
| NII (HNI) Shares Offered | 5,38,000 (14.25%) |
| Retail Shares Offered | 12,52,000 (33.16%) |
| Total Shares Offered | 37,76,000 (100%) |
Divyadhan Recycling Industries Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 41.39 | 57.78 | 57.34 | 56.13 |
| Expenses | 44.02 | 59.09 | 55.15 | 55.83 |
| Net income | 0.22 | 0.53 | 2.16 | 2.38 |
Divyadhan Recycling Industries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.54 | 2.20 | 2.41 |
| PE ratio | – | – | 24.90 – 26.56 |
| RONW (%) | 8.31 | 25.34 | 18.42 |
| NAV | 6.49 | 8.69 | 13.06 |
| ROCE (%) | 10.30 | 25.48 | 20.76 |
| EBITDA (%) | 5.01 | 8.84 | 10.16 |
| Debt/Equity | 1.26 | 0.64 | 0.47 |
Company Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Promoter Holding
| Pre Issue Share Holding | 94.06% |
| Post Issue Share Holding | 69.24% |
Divyadhan Recycling Industries Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 28-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 28-Sep-2024 8:55 |
| 27-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 27-Sep-2024 23:25 |
| 26-09-2024 Open | 64.00 | ₹0 | — | ₹64 (0%) | 26-Sep-2024 23:23 |
| 25-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 25-Sep-2024 23:27 |
| 24-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 24-Sep-2024 23:31 |
| 23-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 23-Sep-2024 23:26 |
| 22-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 22-Sep-2024 23:25 |
| 21-09-2024 | 64.00 | ₹0 | — | ₹64 (0%) | 21-Sep-2024 23:23 |
| 20-09-2024 | ₹0 | — | ₹ (0%) | 20-Sep-2024 6:04 | |
| 19-09-2024 | ₹0 | — | ₹ (0%) | 19-Sep-2024 6:02 |
Divyadhan Recycling Industries IPO Subscription Update
Coming Soon
Divyadhan Recycling Industries IPO Allotment Status
Divyadhan Recycling IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Divyadhan Recycling Industries IPO Listing Details
| Listing Date | 04 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Divyadhan Recycling Industries IPO Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Divyadhan Recycling Industries Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Divyadhan Recycling Industries Contact Details
DIVYADHAN RECYCLING INDUSTRIES LIMITED
1803, Lodha Supremus, Saki Vihar Road, Opp.
Telephone Exchange, Powai, Mumbai City,
Maharashtra – 400072, India.
Phone: 91- 8928434702
E-mail: cs@divyadhan.in
Website: www.divydhan.in
Divyadhan Recycling Industries IPO FAQs
What is Divyadhan Recycling offer size?
Divyadhan Recycling offer size is ₹ 22.66 – 24.17 crores.
What is Divyadhan Recycling offer price band?
Divyadhan Recycling public offer price is ₹ 60 – 64 per share.
What is the lot size of Divyadhan Recycling IPO?
Divyadhan Recycling offer lot size is 2,000 shares.
What is Divyadhan Recycling IPO GMP today?
Divyadhan Recycling IPO GMP today is ₹ NA per share.
What is Divyadhan Recycling kostak rate today?
Divyadhan Recycling kostak rate today is ₹ NA per application.
What is Divyadhan Recycling Subject to Sauda rate today?
Divyadhan Recycling’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Divyadhan Recycling Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
