Divyadhan Recycling IPO Date, Review, Price, Allotment Details

Divyadhan Recycling IPO open date is September 26, 2024 and the IPO will close on September 30, 2024. Divyadhan Recycling IPO is a Book Built Issue. The company to raise around ₹24.17 crores via IPO that comprises fresh issue of ₹24.17 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Divyadhan Recycling IPO price band is ₹60 to ₹64 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Divyadhan Recycling IPO to list on NSE on October 4, 2024. The allotment of Divyadhan Recycling IPO date is October 1, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Divyadhan Recycling IPO

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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%
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Divyadhan Recycling IPO IPO Market Lot

The Divyadhan Recycling IPO minimum market lot is 2,000 shares with ₹1,28,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12,000₹1,28,000
Retail Maximum12,000₹1,28,000
HNI Minimum24,000₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Ganesha Ecosphere Limited27.9068.365.74NA– 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/

Divyadhan Recycling IPO FAQs

What is Divyadhan Recycling IPO?

Divyadhan Recycling IPO is a SME IPO. The company is going to raise ₹24.17 Crores via IPO. The issue is priced at ₹60 to ₹64 per equity share. The IPO is to be listed on NSE.

When Divyadhan Recycling IPO will open for subscription?

The IPO is to open on September 26, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 30, 2024.

What is Divyadhan Recycling IPO Investors Portion?

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

How to Apply the Divyadhan Recycling IPO?

You can apply for Divyadhan Recycling 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.

What is Divyadhan Recycling IPO Issue Size?

Divyadhan Recycling IPO issue size is ₹24.17 crores.

What is Divyadhan Recycling IPO Price Band?

Divyadhan Recycling IPO Price Band is ₹60 to ₹64.

What is Divyadhan Recycling IPO Lot Size?

The minimum bid is 2000 Shares with ₹1,28,000 amount.

What is the Divyadhan Recycling IPO Allotment Date?

Divyadhan Recycling IPO allotment date is October 1, 2024.

What is the Divyadhan Recycling IPO Listing Date?

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

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).
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