Divyadhan Recycling IPO 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 IPO Market Lot
The Divyadhan Recycling IPO minimum market lot is 2,000 shares with ₹1,28,000 application amount.
| 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 Dates
The Divyadhan Recycling IPO date is September 26 and the close date is September 30. The Divyadhan Recycling IPO allotment will be finalized on October 1 and the IPO listing 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 |
Promoters of Divyadhan Recycling IPO
The promoters of the company are Mr. Pratik Gupta and Mr. Varun Gupta.
About Divyadhan Recycling IPO
Divyadhan Consultants Private Limited was established in 2010 and 2013, the existing promoters of the company acquired the company from its original promoters. in Himachal Pradesh, and as a distressed asset under the provisions of SARFAESI Act, 2002 from Axis Bank Limited. Further in 2023, the name of the company was changed from Divyadhan Consultants Private Limited to Divyadhan Recycling Industries Private Limited, under which the ROC, Mumbai has issued a Certificate of Incorporation dated November 10, 2023.
Afterward, The company was turned into a public company namely, Divyadhan Recycling Industries Limited, according to the shareholders’ resolution dated December 13, 2023, vide new Certificate of Incorporation dated March 02, 2024. The company engenders Hollow and Solid Recycled Polyester Staple Fibre, which provides satisfactory resilience properties and is used to make premium pillows, cushions, and quilts. The recycled fiber is supplied to various industries such as Packaging, home furnishing, and Textiles
The company is also engaged in the production of Recycled Pellets, which have cautious applications across various industries like automotive, packaging, fiber, etc. However, we are in the trail stage of production of Recycled pellets. Moreover, The company has substantial and genuine motives for the future such as To be a pioneering leader in the realm of collection, segregation, recycling, and treatment of PET waste for environmental sustainability to promote larger well-being of mother earth and to set new standards for responsible PET waste management while 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. |
Objects of the Issue
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Divyadhan Recycling IPO Review
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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: [email protected]
Website: http://www.divydhan.in/
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Note: The Divyadhan Recycling IPO price band and date are officially announced. The (Divyadhan Recycling IPO grey market premium) will be added to the IPO GMP page as it will start).
