Divyadhan Recycling Industries IPO GMP : Divyadhan Recycling Industries IPO GMP is Open on 26 September 2024 and Close on 30 September 2024. Divyadhan Recycling Industries IPO to Raise 3,776,000 shares (Approx ₹24.17 Cr) via IPO. The Fresh issue of 3,776,000 shares (Approx ₹24.17 Cr).
Our Company was incorporated on May 03, 2010 Our company is into the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.
- SPINNING FIBER
- CARPET YARNS
- NON-WOVEN
- FILLING FIBER
- Micro Fiber
- GEOTEXTILES
The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles.
Our company started its operations in the financial year 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their manufacturing facility based in Baddi, Himachal Pradesh with a capacity of 8030 Metric tons per annum. Our Company also started manufacturing of Recycled Pellets. However, our company is in the trial stage of manufacturing the recycled pellets.
We produce Hollow and Solid Recycled Polyester Staple Fibre, which gives good resilience properties and is used to make premium pillows, cushions and quilts. The recycled fibre 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.Our company source raw material (post-consumer PET bottles) from various junk collectors and recycle them to produce Recycled Polyester Staple Fibre and Recycled Pellets at our factory. Our company holds certifications in ISO 9001:2015 for Quality Management System and ISO 14001: 2015 for Environmental Management System for the manufacturing of Recycled Polyester Staple Fibre.
Divyadhan Recycling Industries IPO Date & Price Band Details
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| IPO Size | 3,776,000 shares (Approx ₹24.17 Cr) |
| Fresh Issue | 3,776,000 shares (Approx ₹24.17 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹60 to ₹64 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Divyadhan Recycling Industries IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,28,000 |
| Retail Maximum | 1 | 2000 | ₹1,28,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,56,000 |
Object of the Issue
- To meet out the Capital Expenditure.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Divyadhan Recycling Industries IPO Allotment & Listings (Details)
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| Basis of Allotment | 1 Oct 2024 |
| Refunds | 3 Oct 2024 |
| Credit to Demat Account | 3 Oct 2024 |
| IPO Listing Date | 4 Oct 2024 |
Divyadhan Recycling Industries Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹59.13 | ₹55.83 | ₹2.38 |
| 2023 | ₹58.16 | ₹55.15 | ₹2.16 |
| 2022 | ₹59.82 | ₹59.09 | ₹0.53 |
Our Company Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Qualitative Factors
- Sustainable Business Model.
- Environmentally conscious approach.
- Cordial relations with our customers.
- Quality Deliverables.
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|
| Divyadhan Recycling Ltd. | 10.00 | 2.41 | [.] | 18.42% | 237.80 |
| Peer Group | |||||
| Ganesha Ecosphere Ltd. | 10.00 | 27.90 | 68.36 | 5.74% | 6,247.53 |
Also Read: TechEra Engineering IPO
Divyadhan Recycling Industries Company Contact Details
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai,
Mumbai City, Maharashtra, India, 400072
Tel.: + + 91-8928434702,
E-mail: cs@divyadhan.in
Website: www.divyadhan.in
Divyadhan Recycling Industries Lead Manager
Narnolia Financial Services Limited
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West Bengal- 700020, India
Tel No.: +91- 8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Contact Person: Mr. Pankaj Pasi
Divyadhan Recycling Industries IPO Registrar
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Telephone: +91-11-40450193-97,
Email: compliances@skylinerta.com
Website: www.skylinerta.com,
Contact Person: Mr. Pawan Bisht
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