Divyadhan Recycling Industries Limited IPO
NSE SMEListed On: Oct 4, 2024 at ₹ 84.0
₹ 256000 /4000 Shares
*Min Investment
26 Sep, 2024
Open Date30 Sep, 2024
Close Date01 Oct, 2024
Allotment Date04 Oct, 2024
Listing DateExp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
Divyadhan Recycling Industries IPO Issue Details
- Issue Price ₹60-64 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 37,76,000 shares(aggregating up to ₹24.17 crore)
- Fresh Share 37,76,000 shares(aggregating up to ₹24.17 crore)
- Listing at NSE SME
- List Price 84.0
- Listing Date 2024-10-04
- Lead Manager Narnolia Financial Services Ltd
- Registrar Skyline Financial Services Private 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 Reservation
Divyadhan Recycling Industries IPO offers total 37,76,000 shares. Out of which 7,16,000 (18.96%) allocated to QIB, 5,38,000 (14.25%) allocated to NII,12,52,000 (33.16%) allocated to RII, NA (NA%) allocated to employees and 10,70,000 (28.34%) allocated to 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 Documents
Divyadhan Recycling Industries IPO Details
Divyadhan Recycling Industries Limited IPO is an SME IPO, priced at ₹60-64 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 37,76,000 equity shares, aggregating up to ₹24.17 crores..
The IPO bidding window is open from Sep 26, 2024 to Sep 30, 2024. The allotment is expected to be finalized on Oct 1, 2024, and the tentative listing date is Oct 4, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.
Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Kantilal Chhaganlal Securities Private Limited will act as the market maker for this issue.
Divyadhan Recycling Industries IPO Subscription Analysis And Details
| 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
Divyadhan Recycling Industries Company Financials
| 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 |
About Divyadhan Recycling Industries Company
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
Pre Issue Share Holding : 94.06%
Post Issue Share Holding : 69.24%
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 Details
Divyadhan Recycling Industries
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai, Mumbai City - 400072
+ 91- 8928434702
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Divyadhan Recycling Industries IPO - FAQs
Ans. Divyadhan Recycling Industries Limited IPO is a SME IPO. The issue is priced at ₹60-64 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 26, 2024, and closes on Sep 30, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Divyadhan Recycling Industries Limited IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Divyadhan Recycling Industries Limited IPO is 3,776,000 shares(aggregating up to ₹24.17 Cr).
Ans. The Divyadhan Recycling Industries Limited IPO price band is set between ₹60-64 per equity share.
Ans. To apply for Divyadhan Recycling Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Divyadhan Recycling Industries Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Divyadhan Recycling Industries Limited IPO is Oct 1, 2024.
Ans. The Divyadhan Recycling Industries Limited IPO will be listed on Oct 4, 2024.
Ans. Follow the steps to check the Divyadhan Recycling Industries Limited IPO allotment status online.
