Divyadhan Recycling IPO Details: The Divyadhan Recycling IPO is set to open on September 26, 2024, and will close on September 30, 2024. This Book Built Issue aims to raise approximately ₹24.17 crores, consisting of a fresh issue of ₹24.17 crores along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Divyadhan Recycling IPO is established at ₹60 to ₹64 per share, with a retail quota of 35%, qualified institutional buyers (QIB) at 50%, and high-net-worth individuals (HNI) at 15%. The shares are expected to be listed on the NSE on October 4, 2024, with the allotment date set for October 1, 2024.
In its latest financial report, the company recorded revenue of ₹59.13 crores for 2024, an increase from ₹58.16 crores in 2023. Profit for the same period rose to ₹2.38 crores, compared to ₹2.16 crores in the previous year. Given these financial results, IPO investors are encouraged to consider a long-term investment in this offering.
Divyadhan Recycling IPO Objectives:
The objects of the Issue are:-
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Divyadhan Recycling IPO Review (Apply or Not)
- Update soon
Divyadhan Recycling IPO Date & Price Band Details:
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 to ₹64 Per Share |
| Issue Size: | Approx ₹24.17 Crores |
| Fresh Issue: | Approx ₹24.17 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Divyadhan Recycling IPO Lot Size:
The minimum market lot for the Divyadhan Recycling IPO is set at 2,000 shares, requiring an application amount of ₹1,28,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹1,28,000 |
| Retail Maximum | 1 | 2,000 | ₹1,28,000 |
| HNI Minimum | 2 | 4,000 | ₹2,56,000 |
Divyadhan Recycling IPO Timeline:
The Divyadhan Recycling IPO will open on September 26 and close on September 30. Allotments for the IPO will be finalized on October 1, with shares expected to be listed on October 4.
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| IPO Listing Date: | October 4, 2024 |
Divyadhan Recycling IPO GMP Today:
We provide daily updates on the Grey Market Premium (GMP). Based on the grey market activities from the last three sessions, there hasn’t been any significant movement in the GMP today. We anticipate this trend to continue until the listing day. Stay tuned for daily updates on the price trend of the Divyadhan Recycling Industries SME IPO GMP, including the expected listing price.
Promoters of the Divyadhan Recycling IPO
The company is led by promoters Mr. Pratik Gupta and Mr. Varun Gupta.
About Divyadhan Recycling IPO
Divyadhan Consultants Private Limited was founded in 2010. In 2013, the current promoters acquired the company from its original owners in Himachal Pradesh, purchasing it as a distressed asset under the SARFAESI Act, 2002 from Axis Bank Limited. In 2023, the company was renamed Divyadhan Recycling Industries Private Limited, receiving a Certificate of Incorporation from the ROC, Mumbai on November 10, 2023.
Subsequently, the company transitioned to a public entity, Divyadhan Recycling Industries Limited, following a shareholders’ resolution on December 13, 2023, and a new Certificate of Incorporation issued on March 2, 2024. The company specializes in producing Hollow and Solid Recycled Polyester Staple Fibre, which offers excellent resilience properties, making it ideal for premium pillows, cushions, and quilts. This recycled fiber is supplied to various sectors, including packaging, home furnishings, and textiles.
Additionally, the company is in the trial stage of producing Recycled Pellets, which are intended for use in diverse industries such as automotive, packaging, and fiber. Divyadhan Recycling Industries has ambitious goals for the future, aiming to become a leader in the collection, segregation, recycling, and treatment of PET waste to promote environmental sustainability and enhance the well-being of our planet. The company is committed to setting new standards for responsible PET waste management and inspiring positive change across industries.
Divyadhan Recycling IPO Company Financial Report
The company reported revenue of ₹59.13 crores in 2024 against ₹58.16 crore in 2023. The company reported profit of ₹2.38 crores in 2024 against profit of ₹2.16 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹59.82 | ₹59.09 | ₹0.53 | ₹17.68 |
| 2023 | ₹58.16 | ₹55.15 | ₹2.16 | ₹19.39 |
| 2024 | ₹59.13 | ₹55.83 | ₹2.38 | ₹24.12 |
Divyadhan Recycling IPO Valuation – FY2024
Check Divyadhan Recycling IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 18.42% |
| ROCE: | 20.76% |
| EBITDA Margin: | 10.16% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.47 |
| Earning Per Share (EPS): | ₹2.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.42% |
| Net Asset Value (NAV): | ₹13.06 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ganesha Ecosphere Limited | 27.90 | 68.36 | 5.74 | NA | – Cr. |
Divyadhan Recycling IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email:
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Company Address
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/
Divyadhan Recycling IPO FAQs
1. What are the key dates for the Divyadhan Recycling IPO?
The IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment date is set for October 1, 2024, with shares expected to list on the NSE on October 4, 2024.
2. What is the price band for the Divyadhan Recycling IPO?
The price band for the IPO is set between ₹60 and ₹64 per share.
3. What is the minimum application amount for the IPO?
The minimum market lot for the Divyadhan Recycling IPO is 2,000 shares, requiring an application amount of ₹1,28,000.
4. Who are the promoters of Divyadhan Recycling?
The company is promoted by Mr. Pratik Gupta and Mr. Varun Gupta.
5. What is the business focus of Divyadhan Recycling?
Divyadhan Recycling specializes in producing Hollow and Solid Recycled Polyester Staple Fibre and is also engaged in the production of Recycled Pellets, catering to industries such as packaging, home furnishings, and textiles.
6. What is the company’s vision for the future?
Divyadhan Recycling aims to lead in the collection, segregation, recycling, and treatment of PET waste, promoting environmental sustainability and responsible waste management across various industries.
7. How is the IPO allocation divided among investors?
The retail quota is 35%, the Qualified Institutional Buyers (QIB) share is 50%, and High Net Worth Individuals (HNI) account for 15%.
8. How often is the Grey Market Premium (GMP) updated?
The GMP is updated daily, and investors can track its trend leading up to the listing day.
9. Is it advisable to invest in the Divyadhan Recycling IPO?
While past financial performance indicates potential growth, investors should consider their individual financial situations and investment goals. It is recommended to conduct thorough research before applying.
