Comparison between Divyadhan Recycling IPO and Kalana Ispat IPO.
Divyadhan Recycling IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kalana Ispat IPO is a SME Fixed Price proposed to list at NSE SME.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Jawa Capital Services Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Kantilal Chhaganlal Securities Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Divyadhan Recycling IPO is up to ₹22.89 Cr whereas the issue size of the Kalana Ispat IPO is up to ₹30.95 Cr. The final issue price of Divyadhan Recycling IPO is ₹64.00 per share and of Kalana Ispat IPO is ₹66.00 per share.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | |
| Issue Price (Upper) | ₹64.00 per share | |
| Issue Price (Final) | ₹64.00 per share | ₹66.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 35,76,000 shares | 46,90,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.89 Cr | up to ₹30.95 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 35,76,000 shares | 46,90,000 shares |
| Issue Size Total (Amount) | up to ₹22.89 Cr | up to ₹30.95 Cr |
Divyadhan Recycling IPO opens on Sep 26, 2024, while Kalana Ispat IPO opens on Sep 19, 2024. The closing date of Divyadhan Recycling IPO and Kalana Ispat IPO is Sep 30, 2024, and Sep 23, 2024, respectively.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | |
| Issue Open | Sep 26, 2024 | Sep 19, 2024 |
| Issue Close | Sep 30, 2024 | Sep 23, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Sep 24, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Sep 25, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Sep 25, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Sep 26, 2024 |
| Anchor Lockin End date 1 | Nov 03, 2024 | |
| Anchor Lockin End date 2 | Jan 03, 2025 |
Divyadhan Recycling IPO P/E ratio is 28.34, as compared to Kalana Ispat IPO P/E ratio of 22.59.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Divyadhan Recycling Industries Limited Financial Information (Restated)Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Kalana Ispat Limited Financial Information (Restated Standalone)Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 94.06 | 82.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.24 | 51.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.34 | 22.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹91.56 Cr. | ₹86.08 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.42% | 31.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.76% | 21.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.47 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.26 | ₹2.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.42% | 21.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Divyadhan Recycling IPO Retail Individual Investors (RII) are offered 12,52,000 shares while in Kalana Ispat IPO retail investors are offered 12,52,000 shares. Qualified Institutional Buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling IPO and in Kalana Ispat IPO.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |
|---|---|---|
| Anchor Investor Reserveration | 10,70,000 shares | |
| Market Maker Reserveration | 2,00,000 shares | 2,48,000 shares |
| QIB | 7,16,000 shares | |
| NII | 5,38,000 shares | 23,44,000 shares |
| RII | 12,52,000 shares | 23,46,000 shares |
| Employee | ||
| Others | ||
| Total | 35,76,000 shares | 46,90,000 shares |
Divyadhan Recycling IPO subscribed 40.93x in total, whereas Kalana Ispat IPO subscribed 59.92x.
| Divyadhan Recycling IPO | Kalana Ispat IPO | |
|---|---|---|
| QIB (times) | 29.39x | |
| NII (times) | 76.03x | 40.69x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 32.43x | 74.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 40.93x | 59.92x |
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