Divyadhan Recycling Industries Limited IPO Overview
Refer to Divyadhan Recycling Industries IPO RHP for detailed information.
Divyadhan Recycling Industries Limited IPO Important dates
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 |
Divyadhan Recycling Industries Limited Financial Performance
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 | ₹241.21 crore | ₹193.86 crore | ₹176.77 crore |
| Revenue | ₹59.13 crore | ₹58.16 crore | ₹59.82 crore |
| Profit After Tax | ₹23.78 crore | ₹21.62 crore | ₹5.29 crore |
| Net Worth | ₹129.10 crore | ₹85.32 crore | ₹63.71 crore |
| Reserves and Surplus | ₹76.45 crore | ₹35.32 crore | ₹13.71 crore |
| Total Borrowing | ₹60.66 crore | ₹54.56 crore | ₹79.98 crore |
Divyadhan Recycling Industries Limited IPO Key Performance Indicator
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 |
Divyadhan Recycling Industries Limited 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 Industries Limited IPO Lot Size
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 |
Divyadhan Recycling Industries Limited IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [October 4, 2024] |
| 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 |
| Shareholding pre issue | 10,530,714 |
| Shareholding post issue | 14,306,714 |
| Market Maker portion | 200,000 shares |
Divyadhan Recycling Industries Limited Company Overview and Services
Divyadhan Recycling Industries Limited, established in May 2010, specializes in manufacturing Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company holds certifications for its Quality Management System (ISO 9001:2015) and Environmental Management System (ISO 14001:2015), emphasizing its commitment to quality and sustainability.
Business Verticals:
- Recycled Fiber: Produces synthetic fibers, particularly Recycled Polyester Staple Fiber (R-PSF), derived from post-consumer PET bottles like those used for water, soda, and other beverages.
- Recycled Pellets/Chips: Manufactures recycled pellets, using the same PET bottle raw materials as in fiber production.
Their manufacturing facility, located in Village Kalyanpur, Tehsil Baddi, Dist Solan, Himachal Pradesh, has an annual production capacity of 8,030 metric tons for fibers and 4,320 metric tons for pellets.
As of August 31, 2024, the company employs around 83 staff members across various departments, driving its growth and innovation in the recycling industry.
Divyadhan Recycling Industries Limited IPO SWOT Analysis
Strengths:
- Strong Industry Growth: Operating in the recycling industry, Divyadhan is positioned to benefit from increasing environmental concerns and government regulations promoting sustainability.
- Innovative Recycling Solutions: The company has developed innovative recycling technologies, making its processes efficient and environmentally friendly.
- Diversified Client Base: A wide range of clients across industries like manufacturing, construction, and electronics ensures a steady demand for recycling services.
- Government Incentives: Favorable government policies and subsidies for recycling companies boost operational viability.
Weaknesses:
- High Initial Capital Investment: Recycling plants require significant capital expenditure for setup and maintenance, which could strain financials.
- Dependence on Raw Material Supply: The company’s operations rely heavily on the consistent supply of waste materials, making it vulnerable to disruptions in the supply chain.
- Limited Brand Recognition: Compared to larger, well-established recycling companies, Divyadhan may have lower brand visibility in the broader market.
Opportunities:
- Rising Demand for Sustainable Products: With growing consumer and industrial focus on sustainability, the demand for recycled products is set to rise.
- Expansion into New Markets: With the IPO proceeds, the company can expand its operations into untapped regions, boosting revenue streams.
- Technological Advancements: Continuous advancements in recycling technology can improve efficiency, reduce costs, and increase profitability.
- Collaborations and Partnerships: Forming alliances with other eco-conscious companies can enhance market presence and service offerings.
Threats:
- Competition from Larger Players: The recycling industry has several established competitors with larger financial and operational capabilities.
- Fluctuating Market Prices: The market price for recyclable materials can be volatile, impacting revenue margins.
- Regulatory Changes: Sudden changes in environmental or waste management regulations could lead to additional compliance costs or operational disruptions.
- Economic Downturns: Economic slowdowns could reduce the demand for recycled materials and waste management services.
Divyadhan Recycling Industries Limited IPO GMP Details
Divyadhan Recycling Industries SME IPO last GMP is ₹0, last updated Sep 24th 2024 03:32 PM. With the price band of 64.00, Divyadhan Recycling Industries SME IPO’s estimated listing price is ₹64 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Divyadhan Recycling Industries SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 30-09-2024 Close | 64.00 | ₹0  |
— | ₹64 (0%) | 30-Sep-2024 |
| 29-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 29-Sep-2024 |
| 28-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 28-Sep-2024 |
| 27-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 27-Sep-2024 |
| 26-09-2024 Open | 64.00 | ₹0 |
— | ₹64 (0%) | 26-Sep-2024 |
| 25-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 25-Sep-2024 |
| 24-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 24-Sep-2024 |
| 23-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 23-Sep-2024 |
| 22-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 22-Sep-2024 |
| 21-09-2024 | 64.00 | ₹0 |
— | ₹64 (0%) | 21-Sep-2024 |
| 20-09-2024 | ₹0 |
— | ₹ (0%) | 20-Sep-2024 | |
| 19-09-2024 | ₹0 |
— | ₹ (0%) | 19-Sep-2024 |
Divyadhan Recycling Industries Limited IPO subscription status
Divyadhan Recycling Industries IPO subscribed 4.89 times. The public issue subscribed 7.99 times in the retail category, 1.87 times in QIB, and 1.70 times in the NII category by September 27, 2024
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 1.87 | 716,000 | 13,36,000 | 8.55 |
| Non-Institutional Buyers* | 1.70 | 538,000 | 9,16,000 | 5.86 |
| Retail Investors | 7.99 | 1,252,000 | 1,00,04,000 | 64.03 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 4.89 | 2,506,000 | 1,22,56,000 | 78.44 |
Total Application : 5,002 (7.99 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 200,000 equity shares not included.
Divyadhan Recycling Industries IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 September 26, 2024 |
1.86 | 0.64 | 3.42 | 2.38 |
| Day 2 September 27, 2024 |
1.87 | 1.70 | 7.99 | 4.89 |
Divyadhan Recycling Industries Limited IPO Allotment status
The allotment status of Divyadhan Recycling Industries IPO is expected to be available on October 1, 2024.
Divyadhan Recycling Industries IPO allotment status is not available at this time. Divyadhan Recycling Industries IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Divyadhan Recycling Industries Limited IPO allotment status.
To check Divyadhan Recycling Industries IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Skyline Financial Services Private Ltd either by phone or email. Investors can call on 02228511022 or send an email with all relevant details to info@skylinerta.com.
Divyadhan Recycling Industries Limited Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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