Divyadhan Recycling Industries IPO
Divyadhan Recycling Industries is an NSE SME IPO listed on the NSE SME platform, priced at ₹60–₹64 per share. The stock debuted at ₹84, delivering a listing gain of 31.3%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,28,000.
Divyadhan Recycling Industries Limited IPO
- IPO Dates
- Sep 26, 2024 – Sep 30, 2024
- Price band
- ₹60-64 per equity share
- Minimum Investment
- ₹1,28,000
- Issue size
- ₹24.17 Cr
- Lot size
- 2000
- Allotment Date
- Oct 1, 2024
- Listing
- Oct 4, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 26, 2024
Open Date
Completed
-
Sep 30, 2024
Close Date
Completed
-
Oct 1, 2024
Allotment Date
Completed
-
Oct 4, 2024
Listing Date
Completed
Divyadhan Recycling Industries IPO Essentials
Divyadhan Recycling Industries IPO Details
Divyadhan Recycling Industries IPO is priced at ₹60-64 per share with a total issue size of 24.17 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹60-64 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,776,000 shares(aggregating up to ₹24.17 Cr)
- Total issue size
- 37,76,000 shares
(aggregating up to ₹24.17 crore) - Fresh issue
- 37,76,000 shares
(aggregating up to ₹24.17 crore) - Listing at
- NSE SME
- List price
- 84.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Narnolia Financial Services Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,28,000 |
| Retail(max) | 1 | 2000 | ₹1,28,000 |
| NII (min) | 2 | 4000 | ₹2,56,000 |
Divyadhan Recycling Industries IPO Documents
Divyadhan Recycling Industries IPO Reservation
Divyadhan Recycling Industries IPO reservation details show category-wise allocation of shares. Out of the total 37,76,000 shares, approximately 18.96% are reserved for QIB, 14.25% for NII, 33.16% for retail investors, 5.3% for market maker, and 28.34% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 IPO Analytics
Divyadhan Recycling Industries IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Divyadhan Recycling Industries IPO Subscription Status
Divyadhan Recycling Industries IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 716,000 / 538,000 | 1,252,000 | 2,506,000 |
|
Day 1
26-09-24 06:00 PM
|
(1.86 / 0.64) x | 3.42 x | 2.38 x |
|
Day 2
27-09-24 06:00 PM
|
(1.87 / 1.70) x | 7.99 x | 4.89 x |
|
Day 3
30-09-24 06:00 PM
|
(29.39 / 76.41) x | 32.49 x | 41.04 x |
Divyadhan Recycling Industries Valuations
Earnings
- EPS Pre IPO
- ₹2.26/-
- EPS Post IPO
- ₹1.66/-
- P/E Pre IPO
- 28.34
- P/E Post IPO
- 38.5
Returns
- ROE
- 18.42%
- ROCE
- 20.76%
- RoNW
- 18.42%
- PAT Margin
- 4.24
Fundamentals
- Debt / Equity
- 0.47
- Price / Book
- 4.90
Divyadhan Recycling Industries Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,412.11 | 1,938.64 | 1,767.74 |
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 |
| Profit After Tax | 237.8 | 216.18 | 52.91 |
| Net Worth | 1,291.03 | 853.23 | 637.05 |
| Reserves & Surplus | 764.49 | 353.23 | 137.05 |
| Total Borrowing | 606.64 | 545.55 | 799.76 |
Divyadhan Recycling Industries Company & Offer Insights
About Divyadhan Recycling Industries
Divyadhan Recycling Industries Limited, incorporated in the year of 2010 in May, manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.
The company is ISO 14001:2015 certified for Quality Management System and Environmental Management System for the production of Recycled Polyester Staple Fibre.
The Company operates its business in two verticals: -
Recycled Fiber: The company manufactures synthetic fiber termed as Recycled Polyester Staple Fiber (R-PSF) from Post-consumer PET bottles and bottles used for Coke, soda, water, etc.
Recycled Pellets/chips: The company also manufactures recycled pellets that can be obtained from the same raw materials as recycled polyester staple fiber.
The manufacturing unit of the company is situated in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal.
As of 31st August 2024, the company employed approximately 83 employees in various departments.
Divyadhan Recycling Industries Promoter(s)
Mr. Pratik Gupta, Mr. Varun Gupta are the company's promoters of Divyadhan Recycling Industries.
Divyadhan Recycling Industries IPO Issue Objectives
- •
- To meet the Capital Expenditure.
- •
- To meet the General Corporate Purposes
- •
- To meet out the Issue Expenses.
Divyadhan Recycling Industries IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Divyadhan Recycling Industries Limited | 2.41 | 2.41 | N/A | N/A | 18.42 | N/A | Restated |
| Ganesha Ecosphere Ltd. | 27.9 | 27.9 | N/A | 68.36 | 5.74 | N/A | Standalone |
Notes:
- Considering the nature and turnover of business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
Contact Information
Contact Details
Divyadhan Recycling Industries
+ 91- 8928434702
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai, Mumbai City - 400072
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Divyadhan Recycling Industries IPO is a book-built IPO worth ₹24.17 crore. The price band is ₹60–₹64 per share. The IPO opens on Sep 26, 2024 and closes on Sep 30, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The price band of Divyadhan Recycling Industries IPO is ₹60 to ₹64 per share.
The lot size of Divyadhan Recycling Industries IPO is 2000 shares.
The minimum investment for Divyadhan Recycling Industries IPO is approximately ₹1,28,000 based on the upper price band .
Divyadhan Recycling Industries IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.
The allotment date of Divyadhan Recycling Industries IPO is Oct 1, 2024.
Divyadhan Recycling Industries IPO is expected to be listed on Oct 4, 2024, on NSE SME Platform.
Divyadhan Recycling Industries IPO valuation snapshot: P/E 38.5, EPS ₹1.66/-, P/B 4.90, RoNW 18.42%, and market cap N/A.
To apply for Divyadhan Recycling Industries IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Divyadhan Recycling Industries IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Divyadhan Recycling Industries IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Divyadhan Recycling Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Divyadhan Recycling Industries IPO allotment status on IPO Ji for quick and easy access.