Divyadhan Recycling IPO Details: The Divyadhan Recycling IPO is scheduled to open on September 26, 2024, and will close on September 30, 2024. This Book Built Issue aims to raise approximately ₹24.17 crores through a fresh issue of ₹24.17 crores, along with an offer for sale of [.] equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹60 and ₹64 per share. The allocation for retail investors is 35%, while qualified institutional buyers (QIB) hold 50%, and high-net-worth individuals (HNI) have 15%. The shares are expected to be listed on the NSE on October 4, 2024, with the allotment date slated for October 1, 2024.
In its most recent financial report, Divyadhan Recycling reported a revenue of ₹59.13 crores for 2024, up from ₹58.16 crores in 2023. Profits for the same period increased to ₹2.38 crores from ₹2.16 crores the previous year. Given these steady financial results, investors may want to consider this IPO for long-term growth.
Divyadhan Recycling IPO Objectives:
The purposes of this IPO are:
To fund capital expenditures.
To cover general corporate expenses.
To cover issue-related costs.
Divyadhan Recycling IPO Review (Should You Apply?)
Review details will be updated soon.
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Divyadhan Recycling IPO Dates & 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% |
Divyadhan Recycling IPO Lot Size:
The minimum lot size for the Divyadhan Recycling IPO is 2,000 shares, with a required investment 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. The allotment of shares will be finalized on October 1, and the listing is scheduled for 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 |
Promoters of the Divyadhan Recycling IPO
The company is led by its promoters, Mr. Pratik Gupta and Mr. Varun Gupta.
About Divyadhan Recycling IPO
Divyadhan Consultants Private Limited was established in 2010. In 2013, the current promoters acquired the company from its previous owners in Himachal Pradesh, purchasing it as a distressed asset under the SARFAESI Act, 2002, from Axis Bank Limited. In 2023, the company was rebranded as Divyadhan Recycling Industries Private Limited, receiving a new Certificate of Incorporation from the ROC, Mumbai, on November 10, 2023.
The company then transitioned into a public entity, Divyadhan Recycling Industries Limited, after a shareholders’ resolution on December 13, 2023, and a new Certificate of Incorporation issued on March 2, 2024. Divyadhan specializes in producing Hollow and Solid Recycled Polyester Staple Fibre, which boasts excellent resilience properties, making it ideal for premium pillows, cushions, and quilts. This recycled fiber is supplied to industries such as packaging, home furnishings, and textiles.
Additionally, the company is in the trial phase of producing Recycled Pellets, intended for use in industries like automotive, packaging, and fiber production. Divyadhan Recycling Industries aims to become a leader in the collection, segregation, recycling, and treatment of PET waste, with a focus on environmental sustainability and improving global well-being. The company is dedicated to setting new standards for responsible PET waste management and inspiring positive change across various sectors.
Divyadhan Recycling IPO Financial Report
In 2024, the company reported revenue of ₹59.13 crores, an increase from ₹58.16 crores in 2023. Profits rose to ₹2.38 crores in 2024, compared to ₹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 | 27.9 | 68.36 | 5.74 | NA | – Cr. |
Divyadhan Recycling IPO Registrar
- Skyline Financial Services Private Ltd
- Phone: 02228511022
- 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
What is the Divyadhan Recycling IPO?
The Divyadhan Recycling IPO is an SME IPO through which the company aims to raise ₹24.17 crores. The issue price is set between ₹60 and ₹64 per equity share, and the IPO will be listed on the NSE.
When will the Divyadhan Recycling IPO open for subscription?
The IPO will open for subscription on September 26, 2024, for QIB, NII, and retail investors. It will close on September 30, 2024.
What is the investors’ allocation for the Divyadhan Recycling IPO?
The allocation is 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for retail investors.
How can I apply for the Divyadhan Recycling IPO?
You can apply for the Divyadhan Recycling IPO via ASBA online through your bank account or by using the UPI option through your stockbroker. Alternatively, you can apply offline by filling out the application form with your stockbroker.
What is the issue size of the Divyadhan Recycling IPO?
The total issue size of the Divyadhan Recycling IPO is ₹24.17 crores.
What is the price band for the Divyadhan Recycling IPO?
The price band is set between ₹60 and ₹64 per share.
What is the lot size for the Divyadhan Recycling IPO?
The minimum lot size is 2,000 shares, requiring a total investment of ₹1,28,000.