Divyadhan Recycling Industries Limited IPO
NSE SMEListed On: Oct 4, 2024 at ₹ 84.0
₹ 128000 /2000 Shares
Check AllotmentExp. 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.
26 Sep, 2024
Open Date30 Sep, 2024
Close Date01 Oct, 2024
Allotment Date04 Oct, 2024
Listing DateIssue Price
₹60-64 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
84.0Listing Date
2024-10-04Market Lot
2000 Shares (₹128,000/-)Lead Manager
Narnolia Financial Services LtdIssue Size
3,776,000 shares(aggregating up to ₹24.17 Cr)Retail Portion
35%Subscription
41.04 timesIPO Docs
DRHP
The IPO of Divyadhan Recycling Industries is priced at ₹60-64 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Divyadhan Recycling Industries IPO bid opening date is from Sep 26, 2024 and the bid closing date was Sep 30, 2024.
Divyadhan Recycling Industries IPO allotment result will be available on Oct 1, 2024. The tentative listing date for Divyadhan Recycling Industries is Oct 4, 2024.
The total issue size is 3,776,000 shares(aggregating up to ₹24.17 Cr).
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 |
Divyadhan Recycling Industries Valuations
EPS Pre IPO
₹2.26/-EPS Post IPO
₹1.66/-P/E Pre IPO
28.34P/E Post IPO
38.5ROE
18.42%ROCE
20.76%Debt/Equity
0.47RoNW
18.42%PAT Margin
4.24Price to Book Value
4.90Divyadhan 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 |
| 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 The 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)
Pre Issue Share Holding: 94.06%
Post Issue Share Holding: 69.24%
- 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.
Other Details
Divyadhan Recycling Industries
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai, Mumbai City - 400072Skyline Financial Services Private Ltd
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.
