Divyadhan Recycling Industries IPO Date, Review, Price, Allotment Details

Divyadhan Recycling Industries IPO is opening for subscription on September 26, 2024, and closing on September 30, 2024. This NSE SME IPO aims to raise ₹24.17 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Divyadhan Recycling Industries IPO is fixed at ₹60 – ₹64 Per Share, with a market lot of 2000 share.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Divyadhan Recycling Industries IPO Allotment will done on October 1, 2024, and Divyadhan Recycling Industries IPO listing date is October 4, 2024.

 

Divyadhan Recycling Industries Company Profile

Divyadhan Recycling Industries Limited, formerly known as Divyadhan Consultants Private Limited, was established in 2010 and underwent significant changes in ownership and structure over the years. In 2013, the current promoters acquired the company as a distressed asset from Axis Bank Limited, under the provisions of the SARFAESI Act, 2002. Following a series of developments, including a name change in 2023, the company transitioned to a public entity in 2024.

Location
The company is based in Himachal Pradesh, India, where it focuses on sustainable waste management and recycling solutions.

Business Operations

Divyadhan Recycling specializes in the production of:

• Recycled Polyester Staple Fibre: The company manufactures both hollow and solid recycled polyester staple fiber, which is known for its resilience and is utilized in creating premium pillows, cushions, and quilts.
• Recycled Pellets: Currently in the trial stage, these pellets find applications across various industries, including automotive, packaging, and textiles.

Environmental Commitment

Divyadhan Recycling is committed to environmental sustainability and aims to become a leader in the collection, segregation, recycling, and treatment of PET waste. The company’s mission includes:

• Promoting Sustainable Practices: Striving for responsible PET waste management and inspiring positive changes across industries.
• Innovative Recycling Solutions: Developing advanced techniques to enhance recycling processes and reduce environmental impact.

 

Divyadhan Recycling Industries IPO GMP

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Divyadhan Recycling Industries IPO Objectives

The funds raised through the IPO will be utilized for:

1. Capital expenditure
2. General corporate purposes
3. Covering issue expenses

 

Divyadhan Recycling Industries IPO Key Details

• Divyadhan Recycling Industries IPO Open Date: September 26, 2024
• Divyadhan Recycling Industries IPO Close Date: September 30, 2024
• Divyadhan Recycling Industries IPO Size: Approximately ₹24.17 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Divyadhan Recycling Industries IPO Price Band: ₹60 – ₹64 Per Equity Share
• Divyadhan Recycling Industries IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Divyadhan Recycling Industries IPO Timeline

• Divyadhan Recycling Industries IPO Open Date: September 26, 2024
• Divyadhan Recycling Industries IPO Close Date: September 30, 2024
• Basis of Allotment: October 1, 2024
• Refunds: October 3, 2024
• Credit to Demat Account: October 3, 2024
• Divyadhan Recycling Industries IPO Listing Date: October 4, 2024

 

How to Apply for Divyadhan Recycling Industries IPO

Investors can apply for the Divyadhan Recycling Industries IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Divyadhan Recycling Industries Financial Performance (in Crores)

• Year 2022: Revenue: ₹59.82 Cr, Expense: ₹59.09 Cr, Profit After Tax: ₹0.53 Cr, Assets: ₹17.68 Cr
• Year 2023: Revenue: ₹58.16 Cr, Expense: ₹55.15 Cr, Profit After Tax: ₹2.16 Cr, Assets: ₹19.39 Cr
• Year 2024: Revenue: ₹59.13 Cr, Expense: ₹55.83 Cr, Profit After Tax: ₹2.38 Cr, Assets: ₹24.12 Cr

 

Divyadhan Recycling Industries Valuation FY2024

• Return on Equity (ROE): 18.42%
• Return on Capital Employed (ROCE): 20.76%
• EBITDA Margin: 10.16%
• PAT Margin: -%
• Debt to Equity Ratio: 0.47
• Earnings Per Share (EPS): ₹2.41 (Basic)
• Net Asset Value (NAV): ₹13.06

 

Divyadhan Recycling Industries Peer Group

Company: Ganesha Ecosphere Limited, EPS: ₹27.90, PE Ratio: 68.36, RoNW: 5.74%, NAV: NA, Income: – Cr.

 

Divyadhan Recycling Industries Company Promoters

• Mr. Pratik Gupta
• Mr. Varun Gupta

 

Divyadhan Recycling Industries IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022

Divyadhan Recycling Industries IPO Allotment Status Check

• Check the Divyadhan Recycling Industries IPO allotment status on the Skyline Financial Serviceswebsite.

 

Divyadhan Recycling Industries IPO Allotment Link

• Check the Divyadhan Recycling Industries IPO allotment on the Check Ipo Allotment website.

 

Divyadhan Recycling Industries IPO Lead Managers (Merchant Bankers)

• Narnolia Financial Services Ltd

Divyadhan Recycling Industries Company Address

1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange,
Powai,
Mumbai,Maharashtra-400 072 India
Website: http://www.divydhan.in/
Phone: + 91- 8928434702
Email: cs@divyadhan.in

Divyadhan Recycling Industries IPO FAQs

What is Divyadhan Recycling Industries IPO?

Divyadhan Recycling Industries IPO is an NSE SME IPO. They are going to raise ₹24.17 Crores via IPO. The issue is priced at ₹60 – ₹64 Per equity share. The IPO is to be listed on NSE.

 

When will the Divyadhan Recycling Industries IPO open?

The IPO is to open on September 26, 2024, for NII, and Retail Investors.

 

What is Divyadhan Recycling Industries IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Divyadhan Recycling Industries IPO?

You can apply for Shelter Finance 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 Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Divyadhan Recycling Industries IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Divyadhan Recycling Industries IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the 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 Motilal Oswal.

 

What is Divyadhan Recycling Industries IPO Size?

Divyadhan Recycling Industries IPO size is ₹24.17 Crores.

 

What is Divyadhan Recycling Industries IPO Price Band?

Divyadhan Recycling Industries IPO Price Band is ₹60 – ₹64 Per equity share.

 

What is Divyadhan Recycling Industries IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹140,000.

 

What is Divyadhan Recycling Industries IPO Allotment Date?

Divyadhan Recycling Industries IPO allotment date is October 1, 2024.

 

What is Divyadhan Recycling Industries IPO Listing Date?

Divyadhan Recycling Industries IPO listing date is October 4, 2024. The IPO to list on NSE SME IPO.