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:
- Recycled Fiber: The company produces synthetic fibre known as Recycled Polyester Staple Fiber (R-PSF) from PET bottles, such as those used for Coke, soda, water, and other post-consumer PET bottles.
- Recycled Pellets/chips: They also manufacture pellets called recycled pellets, which are sourced from the same raw materials as recycled polyester staple fiber.
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 IPO – Details
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 37,76,000 Shares Worth ₹24.17 Crore Fresh Issue: 37,76,000 Shares Worth ₹24.17 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 – ₹64 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Divyadhan Recycling Industries IPO – Date Schedule
| IPO Open Date | 26 September 2024 |
| IPO Close Date | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation of Refund | 03 October 2024 |
| Credit of Shares to Demat Account | 03 October 2024 |
| IPO Listing Date | 04 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Divyadhan Recycling Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,28,000 |
| Retail (Max) | 1 | 2000 | ₹1,28,000 |
| HNI (Min) | 2 | 4000 | ₹2,56,000 |
Competitive Strengths
- Sustainable Business Model.
- Environmentally conscious approach.
- Cordial relations with their customers.
- Quality Deliverables.
Company Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 59.81 | 59.09 | 0.52 | 7.99 |
| 31 March 2023 | 58.15 | 55.15 | 2.16 | 5.45 |
| 31 March 2024 | 59.12 | 55.83 | 2.37 | 6.06 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| PAT Margin (%) | 4.24 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
Object Of The Issue
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Divyadhan Recycling Industries IPO Promoter Holding
| Pre Issue Share Holding | 94.06% |
| Post Issue Share Holding | 69.24% |
Divyadhan Recycling Industries IPO Prospectus
- Divyadhan Recycling Industries IPO DRHP
- Divyadhan Recycling Industries IPO RHP
Company Contact Information
| 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 Industries IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Divyadhan Recycling Industries IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd |
Divyadhan Recycling Industries IPO FAQs
| What is Divyadhan Recycling Industries IPO? Divyadhan Recycling Industries IPO is an SME IPO. The issue is priced at ₹60 and ₹64 per equity share. The IPO is to be listed on NSE SME. |
| When Divyadhan Recycling Industries IPO will open? The IPO is to open on 26 September 2024 for QIB, NII, and Retail Investors. |
| What is Divyadhan Recycling Industries IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Divyadhan Recycling Industries IPO? You can apply Divyadhan Recycling Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Divyadhan Recycling Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Divyadhan Recycling Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Divyadhan Recycling Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Divyadhan Recycling Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Divyadhan Recycling Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Divyadhan Recycling Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Divyadhan Recycling Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Divyadhan Recycling Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Divyadhan Recycling Industries IPO Size? Divyadhan Recycling Industries IPO size is ₹24.17 Crore. |
| What is Divyadhan Recycling Industries IPO Price Band? Divyadhan Recycling Industries IPO Price Band is ₹60 – ₹64. |
| What is Divyadhan Recycling Industries IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,28,000 amount while the maximum bid is 2000 Shares with ₹1,28,000. |
| What is the Divyadhan Recycling Industries IPO Allotment Date? Divyadhan Recycling Industries IPO allotment date is 01 October 2024. |
| What is the Divyadhan Recycling Industries IPO Listing Date? Divyadhan Recycling Industries IPO listing date is 04 October 2024. The IPO is to be listed on NSE SME. |
