Divyadhan Recycling Industries Limited
Book Built Issue IPO · NSE
- Price band
- ₹60 - ₹64
- Lot size
- 2,000 shares
- Issue amount
- ₹24.17 cr
- Total subscription
- 41.04×
- Opens
- 26 Sept 2024
- Closes
- 30 Sept 2024
- Allotment
- 1 Oct 2024
- Listing
- 4 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 37,76,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹24.17 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,05,30,714
- Shares after issue
- 1,43,06,714
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,28,000 |
| HNI | 2 | 4,000 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.58 | 134.69 |
| RETAIL | 8.01 | 260.36 |
| NIB | 3.44 | 263.08 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.41 | 2.2 | 0.54 |
| ROE | 18.42 | 25.34 | 8.31 |
| ROCE | 20.76 | 25.48 | 10.3 |
| RONW | 18.42 | 25.34 | 8.31 |
| PRE IPO(PE) | 28.34 | 0 | 0 |
| POST IPO(PE) | 38.5 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Divyadhan Recycling Industries Limited, established in May 2010, is dedicated to producing recycled materials in an eco-friendly way. The company specializes in making Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets from used PET bottles, like those from beverages. Certified for quality (ISO 9001:2015) and environmental management (ISO 14001:2015), Divyadhan focuses on both sustainability and high standards. Its manufacturing unit in Kalyanpur, Baddi, Himachal Pradesh, has an annual production capacity of 8,030 metric tons for fibre and 4,320 metric tons for pellets. As of August 31, 2024, the company had about 83 employees working across different departments.
Strengths
- Sustainable Approach: Recycling PET bottles helps the business stay eco-friendly while ensuring a steady supply of materials for the future.
- Eco-Friendly Commitment: The company follows ISO 14001:2015 standards, showing its dedication to green and responsible manufacturing.
- Customer Trust: Building good relationships with customers creates trust and supports steady business growth.
Risk factors
- Leased Office Space: Since the company doesn't own its registered office, any unexpected move could affect business operations.
- Legal Issues: If the promoters are involved in legal cases, it could lead to fines or harm the company’s reputation.
- Revenue Dependence: A large share of the company’s income comes from Himachal Pradesh, so any negative changes there could impact the business.
Promoters
Mr. Pratik Gupta
Mr. Varun Gupta
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai, Mumbai City - 400072
+ 91- 8928434702
[email protected]Company website ↗Understanding DIVYADHAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.