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Divyadhan Recycling IPO is a book build issue of ₹24.17 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹24.17 crore.
Divyadhan Recycling IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Divyadhan Recycling IPO was finalized on Oct 1, 2024. The shares got listed on NSE SME on Oct 4, 2024.
Divyadhan Recycling IPO price band is set at ₹64.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,56,000.
Narnolia Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Kantilal Chhaganlal Securities Pvt.Ltd..
Refer to Divyadhan Recycling IPO RHP for detailed Information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 to ₹64 per share |
| Issue Price Final | ₹64 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,76,000 shares (aggregating up to ₹24.17 Cr) |
| Reserved for Market Maker | 2,00,000 shares Kantilal Chhaganlal Securities Pvt.Ltd. (aggregating up to ₹1.28 Cr) |
| Net Offered to Public | 35,76,000 shares (aggregating up to ₹22.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,05,30,714 shares |
| Share Holding Post Issue | 1,43,06,714 shares |
Divyadhan Recycling Industries IPO offers total 37,76,000 shares. Out of which 17,86,000 (47.30%) allocated to QIB, 7,16,000 (18.96%) allocated to QIB, 5,38,000 (14.25%) allocated to NII, 12,52,000 (33.16%) allocated to RII and 10,70,000 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.30%) |
| QIB Shares Offered | 17,86,000 (47.30%) |
| − Anchor Investor Shares Offered | 10,70,000 (28.34%) |
| − QIB (Ex. Anchor) Shares Offered | 7,16,000 (18.96%) |
| NII (HNI) Shares Offered | 5,38,000 (14.25%) |
| Retail Shares Offered | 12,52,000 (33.16%) |
| Total Shares Offered | 37,76,000 (100.00%) |
Divyadhan Recycling IPO raises ₹6.85 crore from anchor investors. Divyadhan Recycling IPO Anchor bid date is September 25, 2024. Divyadhan Recycling IPO Anchor Investors list
| Bid Date | September 25, 2024 |
| Shares Offered | 10,70,000 |
| Anchor Portion Size (In Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 3, 2025 |
Divyadhan Recycling IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thu, Sep 26, 2024 |
| IPO Close Date | Mon, Sep 30, 2024 |
| Tentative Allotment | Tue, Oct 1, 2024 |
| Initiation of Refunds | Thu, Oct 3, 2024 |
| Credit of Shares to Demat | Thu, Oct 3, 2024 |
| Tentative Listing Date | Fri, Oct 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 30, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,28,000 |
| Retail (Max) | 1 | 2,000 | ₹1,28,000 |
| HNI (Min) | 2 | 4,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in May 2010, Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.
The company is certified for Quality Management System (ISO 14001:2015) and Environmental Management System (ISO 14001:2015) for manufacturing Recycled Polyester Staple Fibre.
The company operates in two business verticals:-
The Company's manufacturing unit is located in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal, and has a total capacity of 8030 metric tons per annum for fibre and 4320 metric tons per annum for pellets.
As of August 31, 2024, the company had around 83 employees in various departments.
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,412.11 | 1,938.64 | 1,767.74 |
| Total Income | 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 | |||
The market capitalization of Divyadhan Recycling IPO is ₹91.56 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| PAT Margin | 4.24% |
| Price to Book Value | 4.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
The objects of the Issue are:-
[Dilip Davda] 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 surge in bottom lines for FY23 and FY24 with cost control and more value added features to its products. It is operating in the 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 long term. Read detail review...
| Listing Date | October 4, 2024 |
| BSE Script Code | |
| NSE Symbol | DIVYADHAN |
| ISIN | INE0QYI01019 |
| Final Issue Price | ₹64 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹84.00 |
| Low | ₹81.00 |
| High | ₹88.20 |
| Last Trade | ₹88.20 |
Divyadhan Recycling Industries Ltd.
1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange
Powai
Mumbai, Maharashtra, 400072
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: http://www.divydhan.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email:
Website: https://www.skylinerta.com/ipo.php
Divyadhan Recycling IPO is a SME IPO of 37,76,000 equity shares of the face value of ₹10 aggregating up to ₹24.17 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Divyadhan Recycling IPO using UPI as a payment gateway. Zerodha customers can apply in Divyadhan Recycling IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divyadhan Recycling IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divyadhan Recycling IPO opens on September 26, 2024 and closes on September 30, 2024.
Divyadhan Recycling IPO lot size is 2000, and the minimum amount required for application is ₹1,28,000.
You can apply in Divyadhan Recycling IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Divyadhan Recycling IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thursday, October 3, 2024. Check the Divyadhan Recycling IPO allotment status.
The Divyadhan Recycling IPO listing date is on Friday, October 4, 2024.
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