Divyadhan Recycling Industries IPO
#1.Quick Intro to Divyadhan Recycling Industries IPO
The initial public offering (IPO) of Divyadhan Recycling Industries will open for subscription on September 26 and close on September 30, comprising issues of Rs.24.17 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on October 04, 2024.
Divyadhan Recycling Industries Limited (2010) is in the business of manufacturing Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. The company started its operations in the financial year 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their manufacturing facility based in Baddi, Himachal Pradesh.
Check out the IPO allotment status on IPO Deliver.
#2.IPO Object of Divyadhan Recycling Industries
The company intends to use the IPO Funds for the following purposes:
- To meet the capital expenditure
- General corporate purposes and issue expenses.
#3.Divyadhan Recycling Industries Core Strengths
- Owned manufacturing facilities
- Established relations with customers
- Experienced promoter director with extensive knowledge.
#4.Divyadhan Recycling Industries IPO Review & Rating
| Issue Size | Rs.24.17 crore |
| Issue Price | Rs.60-64 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (Latest) | Rs.237.80 Lakhs |
| ROE (%) | 18.42 |
| RONW (%) | 20.76 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | One |
#5.Divyadhan Recycling Industries IPO Dates, Price Band & Details
Divyadhan Recycling Industries IPO will open on September 26, 2024, and close on September 30, 2024. The IPO is to be listed on October 04, 2024.
| Type of issue | Book Built issue IPO |
| Issue Size | Rs.24.17 crore |
| Price Brand | Rs.60-64 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| IPO Allotment Date | October 01, 2024 |
| Refund Date | October 03, 2024 |
| Share Credit Date | October 03, 2024 |
| Listing Date | October 04, 2024 |
#6.Divyadhan Recycling Industries IPO Offer Details
Divyadhan Recycling Industries IPO’s total issue size is 37,76,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 37,76,000 | Rs.24.17 |
| Offer for Sale (OFS) | – | – |
Click here for a previous SME IPO
#7.Divyadhan Recycling Industries Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 5912.88 | 5815.51 | 5981.52 |
| Net Worth | 1291.03 | 853.23 | 637.05 |
| Profit | 237.8 | 216.18 | 52.91 |
| Total Borrowings | 606.64 | 554.55 | 799.76 |
#8.Divyadhan Recycling Industries Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 2.41 | 2.20 | 0.54 |
| RoNW (%) | 18.42 | 25.34 | 8.31 |
| NAV (Rs.) | 13.06 | 8.69 | 6.49 |
#9.Divyadhan Recycling Industries Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | PAT
(In Lakhs) |
RoNW (%) | ESP |
| Ganesh Ecoshpere | 6247.53 | 5.74 | 27.90 |
| – | – | – | – |
#10.Divyadhan Recycling Industries Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Pratik Gupta |
| 02. | Varun Gupta |
#11.Divyadhan Recycling Industries Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 94.06 |
| Post-issue | 69.24 |
#12.Divyadhan Recycling Industries IPO Reservation Details
Divyadhan Recycling Industries IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13.Divyadhan Recycling Industries IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 1,28,000 |
| Retail (Max.) | 1 | 2000 | 1,28,000 |
| HNI (Min.) | 2 | 4000 | 2,56,000 |
#14.Divyadhan Recycling Industries IPO – Prospectus Copy
An investor can download/view the Divyadhan Recycling Industries prospectus copy, which the company filed to exchange, details are as follows.
| Divyadhan Recycling Industries IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15.Divyadhan Recycling Industries IPO Registrar
Skyline Financial Services Private Limited
Website: www.skylinerta.com
#16.Divyadhan Recycling Industries IPO Lead Managers
Narnolia Financial Services Limited
Website: www.nanolia.com
#17.Divyadhan Recycling Industries IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Divyadhan Recycling Industries IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Divyadhan Recycling Industries Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Divyadhan Recycling Industries Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18.Divyadhan Recycling Industries Company Details
Divyadhan Recycling Industries Limited
Registered Office: 1803, Lodha Supremus, Saki Vihar Road, Opp: Telephone Exchange Powai, Mumbai City- 400072
Email: cs@divyadhan.in
Website: www.divyadhan.in
#19.Divyadhan Recycling Industries Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20.Divyadhan Recycling Industries Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Pratik Gupta |
| 02. | Varun Gupta |
Divyadhan Recycling Industries IPO – Frequently Asked Questions (FAQs)
| #1. What is a Divyadhan Recycling Industries IPO?
Divyadhan Recycling Industries brings its IPO of Rs.24.17 crore, on September 26, 2024, with a price band of Rs.60-64 per share. |
| #2. What is the Divyadhan Recycling Industries IPO Open date?
Divyadhan Recycling Industries IPO’s opening date is September 26, 2024. |
| #3. What is the Divyadhan Recycling Industries IPO Close Date?
Divyadhan Recycling Industries IPO’s closing date is September 30, 2024. |
| #4. What is the Divyadhan Recycling Industries IPO Listing date?
Divyadhan Recycling Industries’s IPO listing date is October 04, 2024. |
| #5. What is the Divyadhan Recycling Industries IPO Minimum investment amount?
Divyadhan Recycling Industries IPO’s minimum investment amount is Rs.1,28,000. |
| #6. What is the Divyadhan Recycling Industries IPO offer issue Size?
Divyadhan Recycling Industries offers an issue size of Rs.24.17 crore. |
| #7. What is the Divyadhan Recycling Industries IPO Price Band?
Divyadhan Recycling Industries’s IPO price band is Rs.60-64 per share. |
| #8. Is Divyadhan Recycling Industries IPO mainboard IPO or SME IPO?
Divyadhan Recycling Industries IPO is an SME IPO. |
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