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Divyadhan Recycling Industries IPO: Things Smart Investors Need to Know

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Divyadhan Recycling Industries is a leading player in the recycling industry, focusing on converting waste materials into valuable resources. The company has built a strong reputation for sustainability and innovation, helping to reduce environmental pollution while driving profits. Its core business revolves around recycling polyester fiber, catering to global demand for eco-friendly products in sectors like textiles and packaging.

Positioned as a market leader, Divyadhan is capitalizing on the growing global trend of sustainability. The company’s unique selling proposition lies in its advanced recycling technologies, which are cost-efficient and environmentally friendly. With a solid business foundation and a focus on green technology, Divyadhan aims to strengthen its market position through the initial public offering (IPO), providing investors with a unique opportunity to participate in the company’s future growth.

Divyadhan Recycling Industries IPO Details and Objectives

The Divyadhan Recycling Industries IPO aims to raise capital to expand production capacity, invest in advanced recycling technologies, and reduce operational costs. A portion of the funds will also be used for working capital requirements and general corporate purposes.

Details

Information

IPO Opening Date

September 26, 2024

IPO Closing Date

September 30, 2024

Issue Size

₹24.17 crore

Face Value

₹ 10 per equity share

Listing on

BSE, NSE

Purpose

Expansion, tech investments, working capital

The primary objective of the IPO is to fuel growth by expanding operational capabilities and adopting more eco-friendly technologies.

Timeline of Divyadhan Recycling Industries IPO

Event

Date

IPO Opening Date

September 26, 2024

IPO Closing Date

September 30, 2024

Listing Date

October 4, 2024

The IPO timeline is crucial for investors to plan their investment strategy effectively.

Pricing and Lot Size of Divyadhan Recycling Industries IPO

  • Price Band for the IPO: The price band is expected to be ₹ 60 to 64 per share.
  • Minimum Lot Size: Investors must apply for at least one lot consisting of 2000 shares.
  • Application Amount: The minimum investment required will be approximately INR ₹ 128,000.

How to Apply for the Divyadhan Recycling Industries IPO?

Online Application Process:

  • Log in to your Bajaj Broking demat account.
  • Select the ‘IPO’ section.
  • Choose ‘Divyadhan Recycling Industries IPO’ from the list.
  • Enter the number of lots you wish to apply for.
  • Apply after verifying your details.

Ensure that you have sufficient funds in your linked bank account before applying.

Financial Health and Performance

Key Financial Metrics:

  • Revenue increased by 2% between FY 2023 and FY 2024, reaching ₹5,912.88 lakhs in FY 2024.
  • Profit After Tax (PAT) rose by 10%, from ₹216.18 lakhs in FY 2023 to ₹237.8 lakhs in FY 2024.
  • Total assets grew to ₹2,412.11 lakhs, up from ₹1,938.64 lakhs in the previous year.
  • The company's net worth increased significantly to ₹1,291.03 lakhs in FY 2024, compared to ₹853.23 lakhs in FY 2023.

Recent Performance and Growth Prospects:

  • Strong revenue and profit growth indicate a stable upward trend.
  • The company’s reserves and surplus increased from ₹353.23 lakhs in FY 2023 to ₹764.49 lakhs in FY 2024, showcasing its capacity for further expansion.
  • With growing assets and profitability, Divyadhan is well-positioned for future growth in the recycling industry.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • Volatility in raw material prices.
  • Regulatory risks concerning environmental laws.
  • Market competition from other recycling firms.

Opportunities and Growth Potential

  • The growing global emphasis on sustainability presents a massive market for Divyadhan’s recycled products.
  • Expansion plans will likely lead to increased production capacity and profitability.

Key Performance Indicators (KPIs)

Key Financial Metric

31-Mar-24

31-Mar-23

31-Mar-22

Assets (₹ Lakhs)

2,412.11

1,938.64

1,767.74

Revenue (₹ Lakhs)

5,912.88

5,815.51

5,981.52

Profit After Tax (₹ Lakhs)

237.8

216.18

52.91

Net Worth (₹ Lakhs)

1,291.03

853.23

637.05

Reserves & Surplus (₹ Lakhs)

764.49

353.23

137.05

Total Borrowing (₹ Lakhs)

606.64

545.55

799.76

The table above outlines the key financial performance of Divyadhan Recycling Industries Limited over the past three financial years, showing growth in assets, revenue, and profit.

Divyadhan Recycling Industries IPO Registrar

Registrar

Details

Company

Skyline Financial Services Private Ltd.

Contact Information

02228511022

Divyadhan Recycling Industries IPO Lead Managers

Lead Manager

Details

Company

Narnolia Financial Services Ltd

Narnolia Financial Services Ltd. will act as the lead manager for Divyadhan Recycling Industries IPO, leveraging its experience in managing successful public offerings.

Conclusion

Divyadhan Recycling Industries' IPO presents a solid investment opportunity for those looking to support sustainable business models. With plans to expand and innovate in the recycling sector, the company is well-positioned to benefit from the growing global emphasis on environmental conservation. However, potential investors should carefully evaluate the risks before making investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What is the Divyadhan Recycling Industries IPO and why is it significant?

Answer Field

The Divyadhan Recycling Industries IPO offers investors a chance to participate in a growing industry focused on sustainability and recycling, essential in today’s eco-conscious world.

What is the price band for the Divyadhan Recycling Industries IPO, and how was it determined?

Answer Field

The price band is expected to be between ₹ 60-64, based on the company’s valuation and market conditions.

What are the key risks and rewards of investing in the Divyadhan Recycling Industries Ltd IPO?

Answer Field

Key risks include price volatility and competition, while rewards include the company’s strong market position in an eco-friendly sector.

When will the Divyadhan Recycling Industries IPO shares be listed?

Answer Field

The IPO shares are expected to be listed on the BSE and NSE on October 4, 2024. 

What documents should I review before investing in the Divyadhan Recycling Industries IPO?

Answer Field

Investors should review the company’s prospectus, financial reports, and market position to make an informed decision.

What are the lock-up period details for the Divyadhan Recycling Industries Ltd IPO?

Answer Field

The lock-up period, if any, will be detailed in the IPO prospectus.

Will Divyadhan Recycling Industries IPO pay dividends?

Answer Field

Dividend policies will depend on the company's future profitability and strategic plans after the IPO.

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