Divyadhan Recycling Industries IPO vs Kalana Ispat IPO

Comparision between Divyadhan Recycling Industries IPO and Kalana Ispat IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kalana Ispat IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Divyadhan Recycling Industries IPO	Kalana Ispat IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Jawa Capital Services Private Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Kantilal Chhaganlal Securities Private Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the Kalana Ispat IPO is up to ₹32.59 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of Kalana Ispat IPO is ₹66.00 per share.

	Divyadhan Recycling Industries IPO	Kalana Ispat IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹64.00 per share
Issue Price (Final)	₹64.00 per share	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	37,76,000 shares	49,38,000 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹32.59 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,76,000 shares	49,38,000 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹32.59 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while Kalana Ispat IPO opens on Sep 19, 2024. The closing date of Divyadhan Recycling Industries IPO and Kalana Ispat IPO is Sep 30, 2024, and Sep 23, 2024, respectively.

	Divyadhan Recycling Industries IPO	Kalana Ispat IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 19, 2024
Issue Close	Sep 30, 2024	Sep 23, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 24, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 25, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 25, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 26, 2024
Anchor Lockin End date 1	Nov 03, 2024
Anchor Lockin End date 2	Jan 03, 2025

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to Kalana Ispat IPO P/E ratio of 22.59.

Divyadhan Recycling Industries IPO

Kalana Ispat IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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 and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,885.71	1,617.46	1,264.89	1,330.7
Revenue	7,394.46	8,335.87	5,793.32	4,298.06
Profit After Tax	236.7	50.09	13.66	13.62
Net Worth	1,081.58	441.94	391.65	376.19
Reserves and Surplus	271.46	339.7	289.61	275.95
Total Borrowing	461.38	861.79	260.57	262.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.06%

82.72%

Promoter Shareholding (Post-Issue)

69.24%

51.38%

P/E Ratio

28.34

22.59

Market Cap

₹91.56 Cr.

₹86.08 Cr.

ROE

18.42%%

31.12%%

ROCE

20.76%%

21.20%%

Debt/Equity

0.47

0.43

EPS

₹2.26

₹2.92

RoNW

18.42%%

21.88%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in Kalana Ispat IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 0 shares in Kalana Ispat IPO.

	Divyadhan Recycling Industries IPO	Kalana Ispat IPO
Anchor Investor Reserveration	10,70,000 shares
Market Maker Reserveration	2,00,000 shares	2,48,000 shares
QIB	7,16,000 shares	0 shares
NII	5,38,000 shares	23,45,000 shares
RII	12,52,000 shares	23,45,000 shares
Employee	0 shares	0 shares
Others
Total	25,06,000 shares	46,90,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 40.93x in total, whereas Kalana Ispat IPO subscribed 59.92x.

	Divyadhan Recycling Industries IPO	Kalana Ispat IPO
QIB (times)	29.39x
NII (times)	76.03x	40.69x
Big NII (times)
Small NII (times)
RII (times)	32.43x	74.54x
Employee (times)
Other (times)
Total (times)	40.93x	59.92x

Compare with others

Divyadhan Recycling Industries IPO	Kalana Ispat IPO
Sahasra Electronics Solutions IPO	Saj Hotels IPO
Saj Hotels IPO	Thinking Hats Entertainment Solutions IPO
Thinking Hats Entertainment Solutions IPO	Unilex Colours and Chemicals IPO
Unilex Colours and Chemicals IPO	TechEra Engineering IPO
TechEra Engineering IPO	Divyadhan Recycling Industries IPO
Kalana Ispat IPO	Avi Ansh Textile IPO
Avi Ansh Textile IPO	Rappid Valves (India) IPO
Rappid Valves (India) IPO	Phoenix Overseas IPO
Phoenix Overseas IPO	WOL 3D IPO
WOL 3D IPO	SD Retail IPO

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