Divyadhan Recycling Industries Limited IPO

NSE SME

Listed On: Oct 4, 2024 at ₹ 84.0

₹ 128000 /2000 Shares

Exp. 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 Details

26 Sep, 2024

Open Date

30 Sep, 2024

Close Date

01 Oct, 2024

Allotment Date

04 Oct, 2024

Listing Date

Issue Price

₹60-64 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

84.0

Listing Date

2024-10-04

Market Lot

2000 Shares (₹128,000/-)

Lead Manager

Narnolia Financial Services Ltd

Issue Size

3,776,000 shares(aggregating up to ₹24.17 Cr)

Retail Portion

35%

Subscription

41.04 times

IPO Docs

DRHP

Divyadhan Recycling Industries IPO Subscription 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

Total No. of Applications: 20,304 (Approx)

Divyadhan Recycling Industries Valuations

EPS Pre IPO

₹2.26/-

EPS Post IPO

₹1.66/-

P/E Pre IPO

28.34

P/E Post IPO

38.5

RoNW

18.42%

Divyadhan Recycling Industries Company Financials All values are in ₹ Lakh

	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

About The Company

Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.

The company is certified for Quality Management System (ISO 14001: 2015) and Environmental Management System (ISO 14001: 2015) for manufacturing Recycled Polyester Staple Fibre

he Company's manufacturing unit is located in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal, and has a total capacity of 8030 metric tons per annum for fibre and 4320 metric tons per annum for pellets.

The company operates in two business verticals:-
Recycled Fiber: The company produces synthetic fibre known as Recycled Polyester Staple Fiber (R-PSF) from PET bottles, such as those used for Coke, soda, water, and other post-consumer PET bottles.
Recycled Pellets/chips: They also manufacture pellets called recycled pellets, which are sourced from the same raw materials as recycled polyester staple fiber.

Divyadhan Recycling Industries - Promoter(s)

Pre Issue Share Holding: 94.06%

Post Issue Share Holding: 69.24%

Company Promoter(s)

Mr. Pratik Gupta
Mr. Varun Gupta

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 - 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. The size of Divyadhan Recycling Industries Limited IPO is 3,776,000 shares(aggregating up to ₹24.17 Cr).

Ans. The IPO price band is set between ₹60-64 per equity share.

Ans. To apply for Divyadhan Recycling Industries Limited IPO 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 allotment status for Divyadhan Recycling Industries Limited IPO here.