Divyadhan Recycling Industries Limited is preparing for its IPO, offering 37.76 lakh newly issued shares through a book-built process. This IPO investment opportunity will be available for subscription from September 26, 2024, to September 30, 2024. Allotment is anticipated to be finalised on October 1, 2024, with the listing on the NSE SME platform scheduled for October 4, 2024.
The price band for this issue has yet to be disclosed. Narnolia Financial Services Ltd will act as the book-running lead manager, Skyline Financial Services Private Ltd will serve as the registrar, and Kantilal Chhaganlal Securities will be the market maker. For additional details, consult the Divyadhan Recycling Industries IPO RHP. Stay informed about upcoming IPOs and this investment opportunity.
The Divyadhan Recycling Industries IPO, comprising 37.76 lakh fresh shares, opens from September 26 to September 30, 2024. The final allotment is set for October 1, with a listing on NSE SME expected on October 4. The price band is yet to be announced. Key contacts include Narnolia Financial Services Ltd (lead manager), Skyline Financial Services Private Ltd (registrar), and Kantilal Chhaganlal Securities (market maker).
| Divyadhan Recycling Industries Limited IPO date | September 26, 2024 to September 30, 2024 |
| Listing at | NSE SME |
| Price | To be announced |
| Face value | ₹10 per share |
| Lot size | To be announced |
| Issue type | Book Built Issue IPO |
| Share holding pre issue | 10,530,714 |
| Share holding post issue | 14,306,714 |
| Market maker portion | 200,000 sharesKantilal Chhaganlal Securities |
| Total issue size | 3,776,000 shares |
| Fresh issue | 3,776,000 shares |
The Divyadhan Recycling Industries IPO will follow a key schedule: subscription opens on September 26, 2024, and closes on September 30, 2024. Allotment details are expected by October 1, 2024, with the listing on NSE SME slated for October 4, 2024. Check the table below for more information.
| IPO open date | September 26, 2024, Thursday |
| IPO close date | September 30, 2024, Monday |
| Basis of allotment | October 1, 2024, Tuesday |
| Initiation of refunds | October 3, 2024, Thursday |
| Credit of shares to demat | October 3, 2024, Thursday |
| Listing date | October 4, 2024, Friday |
| Cut-off time for UPI mandate confirmation | September 30, 2024, by 5 PM |
Divyadhan Recycling Industries Limited, founded in May 2010, is a key player in the SME IPO sector, specialising in the production of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company boasts ISO 14001:2015 certifications for Quality and Environmental Management Systems.
Divyadhan Recycling Industries operates in two primary areas: manufacturing synthetic fibre from post-consumer PET bottles and producing recycled pellets from similar materials. Its facility in Village Kalyanpur, Tehsil Baddi, Dist Solan, 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 employs about 83 staff members.
The financial performance of Divyadhan Recycling Industries Limited will be detailed in the upcoming IPO documents. Key financial metrics, including revenue, profit margins, and earnings, will be outlined to provide potential investors with a comprehensive view of the company's financial health and growth prospects.
| Period ended | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 |
| Assets | 2,412.11 | 1,938.64 | 1,767.74 |
| Net worth | 1,291.03 | 853.23 | 6,37,04,999.99 |
| Profit after tax | 237.8 | 216.18 | 52.91 |
| Total borrowing | 607 | 5,45,54,999.99 | 799.76 |
| Reserves and surplus | 764.49 | 353.23 | 137.05 |
| Amount in ₹ Lakhs | |||
Divyadhan Recycling Industries Limited shows strong financial metrics as of March 31, 2024, with an ROE and RoNW of 18.42%, an ROCE of 20.76%, and a low Debt/Equity ratio of 0.47. The PAT Margin is a robust 4.24%. This IPO aims to fund capital expenditure, general corporate purposes, and cover issue expenses.
As the Divyadhan Recycling Industries Limited IPO GMP is yet to be established, investors should stay updated with daily GMP information. Evaluating these metrics against peer comparisons will help guide your IPO investment decision. Be sure to review the latest details before making any commitments and consider how this upcoming IPO aligns with your investment strategy.
The Divyadhan Recycling Industries IPO will open for subscription on September 26, 2024, and will close on September 30, 2024.
The minimum order quantity and lot size for the Divyadhan Recycling Industries IPO are yet to be announced. Please check back later for updated information.
The Basis of Allotment for the Divyadhan Recycling Industries IPO will be finalised on Tuesday, October 1, 2024. Allotted shares are expected to be credited to your demat account by Thursday, October 3, 2024. Please check the Divyadhan Recycling Industries IPO allotment status for updates.
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