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 |
