Divyadhan Recycling Industries Limited IPO

NiftyTrader • September 22, 2024

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Divyadhan Recycling Industries Limited IPO

Divyadhan Recycling Industries Limited IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment for the Divyadhan Recycling Industries IPO is expected to be finalized on Tuesday, October 1, 2024. Divyadhan Recycling Industries IPO will list on NSE SME with a tentative listing date fixed as Friday, October 4, 2024.

Divyadhan Recycling Industries IPO price band is set at ₹60 to ₹64 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹256,000.

Divyadhan Recycling Industries IPO is a book built issue of Rs 24.17 crores. The issue is entirely a fresh issue of 37.76 lakh shares.

Divyadhan Recycling Industries IPO Details

IPO Date	September 26, 2024 to September 30, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹60 to ₹64 per share
Lot Size	2000 Shares
Total Issue Size	3,776,000 shares (aggregating up to ₹24.17 Cr)
Fresh Issue	3,776,000 shares (aggregating up to ₹24.17 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	10,530,714
Shareholding post-issue	14,306,714

Divyadhan Recycling Industries IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹128,000
Retail (Max)	1	2000	₹128,000
S-HNI (Min)	2	4000	₹256,000

Divyadhan Recycling Industries IPO Objectives

The objects of the Issue are:-

To meet the Capital Expenditure.
To meet the General Corporate Purposes; and
To meet out the Issue Expenses.

About Divyadhan Recycling Industries Limited

Incorporated in May 2010, Divyadhan Recycling Industries Limited specializes in manufacturing Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. Certified for both Quality Management (ISO 9001:2015) and Environmental Management (ISO 14001:2015), the company operates in two main verticals: producing R-PSF from post-consumer PET bottles and manufacturing recycled pellets from the same materials. Located in Kalyanpur, Baddi, Himachal Pradesh, Divyadhan’s facility has a production capacity of 8,030 metric tons per annum for fiber and 4,320 metric tons for pellets. As of August 31, 2024, the company employs around 83 staff across various departments.

Divyadhan Recycling Industries Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,412.11	1,938.64	1,767.74
Revenue	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

Divyadhan Recycling Industries IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Divyadhan Recycling Industries IPO Timeline

Divyadhan Recycling Industries IPO opens on September 26, 2024, and closes on September 30, 2024.

IPO Open Date	Thursday, September 26, 2024
IPO Close Date	Monday, September 30, 2024
Basis of Allotment	Tuesday, October 1, 2024
Initiation of Refunds	Thursday, October 3, 2024
A credit of Shares to Demat	Thursday, October 3, 2024
Listing Date	Friday, October 4, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 30, 2024