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Divyadhan Recycling Industries IPO is a book built issue of Rs 24.17 crores. The issue is entirely a fresh issue of 37.76 lakh shares.
Divyadhan Recycling Industries IPO bidding opened for subscription on September 26, 2024 and will close on September 30, 2024. The allotment for the Divyadhan Recycling Industries IPO is expected to be finalized on Tuesday, October 1, 2024. Divyadhan Recycling Industries IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
Divyadhan Recycling Industries IPO price band is set at ₹60 to ₹64 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹256,000.
Narnolia Financial Services Ltd is the book running lead manager of the Divyadhan Recycling Industries IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Divyadhan Recycling Industries IPO is Kantilal Chhaganlal Securities.
Refer to Divyadhan Recycling Industries IPO RHP for detailed information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Fresh Issue | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,530,714 |
| Share holding post issue | 14,306,714 |
| Market Maker portion | 200,000 shares Kantilal Chhaganlal Securities |
Divyadhan Recycling Industries IPO offers 37,76,000 shares. 7,16,000 (18.96%) to QIB, 5,38,000 (14.25%) to NII, 12,52,000 (33.16%) to RII and 10,70,000 (28.34%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 raises Rs 6.85 crore from anchor investors. Divyadhan Recycling Industries IPO Anchor bid date is September 25, 2024. Divyadhan Recycling Industries IPO Anchor Investors list
| Bid Date | September 25, 2024 |
| Shares Offered | 1,070,000 |
| Anchor Portion Size (In Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 30, 2024 |
Divyadhan Recycling Industries IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Pratik Gupta and Mr. Varun Gupta.
| Share Holding Pre Issue | 94.06% |
| Share Holding Post Issue | 69.24% |
Incorporated in May 2010, 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.
The company operates in two business verticals:-
The 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.
As of August 31, 2024, the company had around 83 employees in various departments.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Divyadhan Recycling Industries IPO is Rs 91.56 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
The objects of the Issue are:-
[Dilip Davda] The company is engaged in the business of manufacturing recycled polyester staple fibre and pellets. It posted almost static top lines for the last three fiscals, but marked surge in bottom lines for FY23 and FY24 with cost control and more value added features to its products. It is operating in the highly competitive and fragmented segment. Based on FY24 earnings, the issue appears fully priced. Though the issue appears fully priced, it is poised for bright prospects and better times ahead. Investors may park funds for long term. Read detail review...
The Divyadhan Recycling Industries IPO is subscribed 2.38 times on September 26, 2024 7:29:02 PM. The public issue subscribed 3.42 times in the retail category, 1.86 times in the QIB category, and 0.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.86 |
| NII | 0.64 |
| Retail | 3.42 |
| Total | 2.38 |
Total Application : 2,140 (3.42 times)
Divyadhan Recycling Industries Limited
1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange
Powai, Mumbai City - 400072,
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: http://www.divydhan.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email:
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
Divyadhan Recycling Industries IPO is a SME IPO of 3,776,000 equity shares of the face value of ₹10 aggregating up to ₹24.17 Crores. The issue is priced at ₹60 to ₹64 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Divyadhan Recycling Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Divyadhan Recycling Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divyadhan Recycling Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divyadhan Recycling Industries IPO opens on September 26, 2024 and closes on September 30, 2024.
Divyadhan Recycling Industries IPO lot size is 2000 Shares, and the minimum amount required is ₹128,000.
You can apply in Divyadhan Recycling Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Divyadhan Recycling Industries IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thursday, October 3, 2024. Check the Divyadhan Recycling Industries IPO allotment status.
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