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20 Nov 2024
Divyadhan Recycling Industries Limited IPO, GMP, Details, Price, And Review
Divyadhan Recycling Industries Limited is a business manufacturing Recycled Pellets and Recycled Polyester Staple Fibre (R-PSF). Recycled pellets and fibres are produced from post-consumer PET bottles or Polyethylene Terephthalate bottles.
Beginning operations in FY2018-19 with the manufacturing of Recycled Polyester Staple Fibre (R-PSF) at Baddi, Himachal Pradesh’s manufacturing facility with 8030 metric tons per annum capacity. In November 2023, Divyadhan Recycling Industries Limited also started manufacturing recycled pellets, and it continues to remain in its trial stage. The company even produces Hollow and Solid Recycled Polyester Staple Fibre that gives solid resilience properties while it is also being used for making premium pillows, quilts and cushions. Recycled fibre is then supplied to varied industries, including,
- ● Issue Size: ₹24.17 crores
- ● Type: Fresh issue of 37.76 lakh shares
- ● Open for Subscription: September 26, 2024
- ● Close for Subscription: September 30, 2024
- ● Price Band: ₹60 to ₹64 per share
- ● Minimum Lot Size: 2000 shares
- ● Book Running Lead Manager: Narnolia Financial Services Ltd
- ● Registrar: Skyline Financial Services Private Ltd
- ● Market Maker: Kantilal Chhaganlal Securities
Divyadhan Recycling Industries IPO Overview
Key Details
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Divyadhan Recycling Industries Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 64 | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Divyadhan Recycling Industries IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Fresh Issue | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 10,530,714 |
| Shareholding post issue | 14,306,714 |
| Market Maker portion | 200,000 shares Kantilal Chhaganlal Securities |
Divyadhan Recycling Industries IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Divyadhan Recycling Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
Divyadhan Recycling Industries Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Divyadhan Recycling Industries IPO Promoter Holding
| Share Holding Pre Issue | 94.06% |
| Share Holding Post Issue | 69.24% |
Company & Financials
Incorporated in the month of May 2010, DRIL is a Recycled Polyester Staple Fibre (R-PSF) and recycled pellets manufacturer. The company is ISO 14001:2015 (Quality Management System and Environmental Management System) and is registered for manufacturing recycled polyester staple fibre.
-
The operation of the company is in two business verticals:-
- ● Recycled Fiber: DRIL produces synthetic fibre, also called Recycled Polyester Staple Fiber (R-PSF), from PET bottles, like those used for soda, coke, water and other post-consumer PET bottles.
- ● Recycled Pellets/chips: They manufacture the pellets called recycled pellets. They are sourced from raw materials similar to recycled polyester staple fibre.
The company's manufacturing unit is located in Kalyanpur, Tehsil Baddi, Dist Solan Himachal. It has a total capacity of 8030 metric tons per annum for the fibre and 4320 metric tons per annum for the pellets.
Divyadhan Recycling Industries Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 2,412.11 | 1,938.64 | 1,767.74 | |||||||||||||||||||||||||||||||||||||
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 237.8 | 216.18 | 52.91 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 1,291.03 | 853.23 | 637.05 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 764.49 | 353.23 | 137.05 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 606.64 | 545.55 | 799.76 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
Objectives of Divyadhan Recycling Industries IPO
The objectives of the Issue are:-
Divyadhan Recycling Industries IPO Review
The company is engaged in the business of manufacturing recycled polyester staple fibre and pellets. It posted almost static top lines for the last three fiscals, but marked a surge in bottom lines for FY23 and FY24 with cost control and more value-added features to its products. It is operating in a highly competitive and fragmented segment. Based on FY24 earnings, the issue appears fully priced. Though the issue appears fully priced, it is poised for bright prospects and better times ahead. Investors may park funds for the long term.
FAQs for Divyadhan Recycling Industries IPO
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Which IPO is being launched by Divyadhan Recycling?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹24.17 Crores through the issue that’s priced at ₹60 to ₹64 per equity share.
-
When does the subscription for Divyadhan Recycling IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 26, 2024, and closes 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%.
-
What is the issue size of Divyadhan Recycling IPO?
₹24.17 crores is Divyadhan Recycling IPO issue size.
-
What is the Price Band for Divyadhan Recycling IPO?
₹60 to ₹64 is the Price Band for Divyadhan Recycling IPO.
-
What is the lot size of Divyadhan Recycling IPO?
2000 Shares with ₹128,000 amount is the lot size.
-
What is the Allotment date for Divyadhan Recycling IPO?
October 1, 2024, is the allotment date for Divyadhan Recycling IPO.
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What is the listing date for the Divyadhan Recycling IPO?
October 4, 2024, is the listing date for Divyadhan Recycling. The IPO will be listed on the NSE.
-
What is Divyadhan Recycling current GMP?
The current GMP of Divyadhan Recycling is ---.
RHP:
RHP of Divyadhan Recycling Industries Limited IPO
-
Which IPO is being launched by Divyadhan Recycling?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹24.17 Crores through the issue that’s priced at ₹60 to ₹64 per equity share.
-
When does the subscription for Divyadhan Recycling IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 26, 2024, and closes 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%.
-
What is the issue size of Divyadhan Recycling IPO?
₹24.17 crores is Divyadhan Recycling IPO issue size.
-
What is the Price Band for Divyadhan Recycling IPO?
₹60 to ₹64 is the Price Band for Divyadhan Recycling IPO.
-
What is the lot size of Divyadhan Recycling IPO?
2000 Shares with ₹128,000 amount is the lot size.
-
What is the Allotment date for Divyadhan Recycling IPO?
October 1, 2024, is the allotment date for Divyadhan Recycling IPO.
-
What is the listing date for the Divyadhan Recycling IPO?
October 4, 2024, is the listing date for Divyadhan Recycling. The IPO will be listed on the NSE.
-
What is Divyadhan Recycling current GMP?
The current GMP of Divyadhan Recycling is ---.
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