Divyadhan Recycling IPO description – Divyadhan Recycling is in the business of manufacturing recycled polyester staple fibre (R-PSF) and recycled pellets which are used to make premium pillows, cushions and quilts. The recycled fiber is supplied to various industries such as Packaging, Home furnishing, and Textiles. Its hollow structure adds to its insulating properties, making it suitable for use in a wide range of products including clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials.
The company’s manufacturing facility is based in Baddi, Himachal Pradesh with a capacity of 8,030 metric tons per annum. Divyadhan Recycling sources raw materials (post-consumer PET bottles) from various junk collectors and recycles them to produce Recycled Polyester Staple Fibre and Recycled Pellets at its factory. Currently, it is catering to non-food industries requiring recycled bottles for their packaging.
Divyadhan Recycling has around 82 employees on its payroll.
Promoters of Divyadhan Recycling – Mr. Pratik Gupta and Mr. Varun Gupta
Table of Contents
Divyadhan Recycling IPO Details
| Divyadhan Recycling IPO Dates | 26 – 30 September 2024 |
| Divyadhan Recycling Issue Price | INR 60 – 64 per share |
| Fresh issue | 37,76,000 shares (INR 22.66 – 24.17 crore) |
| Offer For Sale | NIL |
| Total IPO size | 37,76,000 shares (INR 22.66 – 24.17 crore) |
| Minimum bid (lot size) | 2,000 (INR 1,28,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Divyadhan Recycling Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 41.39 | 57.78 | 57.34 | 56.13 |
| Expenses | 44.02 | 59.09 | 55.15 | 55.83 |
| Net income | 0.22 | 0.53 | 2.16 | 2.38 |
Divyadhan Recycling Offer News
- Divyadhan Recycling RHP
- Divyadhan Recycling Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Divyadhan Recycling Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.54 | 2.20 | 2.41 |
| PE ratio | – | – | 24.90 – 26.56 |
| RONW (%) | 8.31 | 25.34 | 18.42 |
| NAV | 6.49 | 8.69 | 13.06 |
| ROCE (%) | 10.30 | 25.48 | 20.76 |
| EBITDA (%) | 5.01 | 8.84 | 10.16 |
| Debt/Equity | 1.26 | 0.64 | 0.47 |
Divyadhan Recycling IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Divyadhan Recycling IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 7,16,000 | 5,38,000 | 12,52,000 | 25,06,000 |
| 30 Sep 2024 | 29.39 | 76.41 | 32.43 | 41.01 |
| 27 Sep 2024 | 1.87 | 2.06 | 7.83 | 4.89 |
| 26 Sep 2024 | 1.86 | 0.62 | 3.29 | 2.31 |
The market maker reservation portion of 2,00,000 shares and anchor allocation portion of 10,70,000 shares are not included in the above calculations.
Divyadhan Recycling IPO Allotment Status
Divyadhan Recycling IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Divyadhan Recycling IPO Dates & Listing Performance
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | 1 October 2024 |
| Initiation of refunds | 3 October 2024 |
| Transfer of shares to demat accounts | 3 October 2024 |
| IPO Listing Date | 4 October 2024 |
| Opening Price on NSE SME | INR 84 per share (up 31.25%) |
| Closing Price on NSE SME | INR 88.20 per share (up 37.81%) |
Divyadhan Recycling Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email:Â [email protected]
Website:Â www.narnolia.com
Divyadhan Recycling Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone:Â +91-11-40450193-97
Email:Â [email protected]
Website:Â www.skylinerta.com
Divyadhan Recycling Issue Contact Details
DIVYADHAN RECYCLING INDUSTRIES LIMITED
1803, Lodha Supremus, Saki Vihar Road, Opp.
Telephone Exchange, Powai, Mumbai City,
Maharashtra – 400072, India.
Phone: 91- 8928434702
E-mail: [email protected]
Website: www.divydhan.in
IPO FAQs
What is Divyadhan Recycling offer size?
Divyadhan Recycling offer size is INR 22.66 – 24.17 crores.
What is Divyadhan Recycling offer price band?
Divyadhan Recycling public offer price is INR 60 – 64 per share.
What is the lot size of Divyadhan Recycling IPO?
Divyadhan Recycling offer lot size is 2,000 shares.
What is Divyadhan Recycling IPO GMP today?
Divyadhan Recycling IPO GMP today is INR NA per share.
What is Divyadhan Recycling kostak rate today?
Divyadhan Recycling kostak rate today is INR NA per application.
What is Divyadhan Recycling Subject to Sauda rate today?
Divyadhan Recycling’s Subject to Sauda rate today is INR NA per application.
