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Divyadhan Recycling Industries Ltd

Textiles

Offer Period :

26th to 30th Sep 2024

Incorporated in May 2010, Divyadhan Recycling Industries Limited produces Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. Certified under ISO 14001:2015, Read more...the company operates in two verticals: recycling PET bottles into R-PSF and manufacturing recycled pellets from the same materials. Their manufacturing unit in Kalyanpur, Himachal Pradesh, has a capacity of 8,030 metric tons for fibre and 4,320 metric tons for pellets. As of August 31, 2024, Divyadhan Recycling employed around 83 staff members. Read less

Divyadhan Recycling Industries Ltd IPO Details

IPO Date 26th to 30th Sep 2024 Minimum Investment ₹128000 / 1 Lots
Listing Date 2024-10-04 Maximum Investment ₹128000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹24.17 Crores
Price ₹64 to ₹64 per share Fresh Issue ₹24.17 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 26th to 30th Sep 2024
Listing Date 2024-10-04
Face Value ₹10 per share
Price ₹64 to ₹64 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹128000 / 1 Lots
Maximum Investment ₹128000 / 1 Lots
Total Issue Size ₹24.17 Crores
Fresh Issue ₹24.17 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

26th Sep

IPO Starts

30th Sep

IPO Ends

1st Oct

Allotment Date

3rd Oct

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

4th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 94.06 69.24
Public Group 5.94 30.76

Divyadhan Recycling Industries Ltd IPO Reservation

QIB Shares Offered 716000(18.96%)
NII (HNI) Shares Offered 538000(14.25%)
Retail Shares Offered 1252000(33.16%)
Anchor Investor Shares Offered 1070000(28.34%)
Total Shares Offered 3776000
Total Shares With Anchor Investor 3776000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Divyadhan Recycling Industries Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193-97
Email Id compliances@skylinerta.com
Our Website www.skylinerta.com

Divyadhan Recycling Industries Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

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Divyadhan Recycling Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 7,16,000 13,36,000 7,488.0
Non Institutional Investors 7,38,000 20,08,000 7,488.0
Retail Individual Investors (RIIs) 12,52,000 1,49,76,000 7,488.0
Total 27,06,000 1,83,20,000 7,488.0

Strength of Divyadhan Recycling Industries Ltd

1. Sustainable Business Model.

2. Environmentally conscious approach.

3. Cordial relations with our customers.

4. Quality Deliverables.

Industry Outlook of Divyadhan Recycling Industries IPO
 

- The global polyester fiber industry was valued at US$ 31.8 billion in 2023, with expectations to grow at a CAGR of 4.7% from 2024 to 2034, reaching a projected value of US$ 52.4 billion by 2034. Read more...

- Polyester staple fiber (PSF) is a key driver of this growth due to its wide use in textiles, home furnishings, and activewear. Its demand is increasing because of its durability, resistance to wrinkles, and easy care properties.


- The home furnishings sector plays a crucial role in driving the demand for PSF, as polyester is commonly used in products like bedding, curtains, and carpets

- The Indian polyester fiber industry is expanding, with a focus on sustainable production. Companies like Divyadhan Recycling are capitalizing on the trend of recycling to reduce plastic pollution and cut costs through energy-efficient processes.

- Additionally, advancements in recycling technologies and an increased emphasis on environmentally friendly practices are attracting investment and bolstering the polyester industry globally. Read less

Risks Involved

1. The company Registered Office from where itsoperate are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

2. Its Promoters is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

3. Majority of its state wise revenues from operations for the last 3 years is majorly derived from Himachal Pradesh. Any adverse developments affecting its operations in this state could have an adverse impact on the company revenue and results of operations.

4. Its group companies are involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

5. The company has had negative cash flows in the past and may continue to have negative cash flows in the future.

6. The restated financial statements of the company has been provided by the peer reviewed chartered accountant who is not the statutory auditor of the Company.

7. Under-utilization of its currently operational manufacturing facilities and any inability to effectively utilize the company proposed manufacturing capacity could have an adverse effect on its business, future prospects, and future financial performance.

8. Certain of its corporate filings and records are not traceable, while certain corporate records have errors. the company cannot assure that regulatory proceedings or actions will not be initiated against it in the future, and the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.

9. The company is dependent on one of its customers named PV Fibers LLP, who contributes significant portion of revenue of the company during the last 3 financial years and stub period. Any loss of business from this customer may adversely affect its revenues and profitability.

10. Its Top 10 Suppliers contribute a significant portion of teh company raw material consumption during the current and previous financial years. Any dispute with one or more of them may adversely affect its business operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Divyadhan Recycling Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-04 93282 DIVYADHAN
INE0QYI01019
₹64 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹64 ₹64
Open ₹0 ₹84
Low ₹0 ₹81
High ₹0 ₹88.2
Low ₹0 ₹81

Frequently Asked Questions

What is Divyadhan Recycling Industries Ltd IPO?

Answer Field

Divyadhan Recycling Industries Ltd IPO is a SME IPO of 37,76,000 equity shares of a face value of ₹10 aggregating up to ₹24.17 Crores. The issue is priced at ₹64 to ₹64 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 26, 2024, and closes on September 30, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Divyadhan Recycling Industries Ltd IPO will open?

Answer Field

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

What is the lot size of Divyadhan Recycling Industries Ltd?

Answer Field

Divyadhan Recycling Industries Ltd lot size is 2000 shares, and the minimum amount required is ₹1,28,000.

How to apply for Divyadhan Recycling Industries Ltd IPO?

Answer Field

You can apply in Divyadhan Recycling Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Divyadhan Recycling Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Divyadhan Recycling Industries Ltd IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 03, 2024.

When is Divyadhan Recycling Industries Ltd IPO listing date?

Answer Field

The Divyadhan Recycling Industries Ltd listing date is October 04, 2024.

Who is the registrar of Divyadhan Recycling Industries Ltd IPO?

Answer Field

The registrar of Divyadhan Recycling Industries Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Divyadhan Recycling Industries Ltd IPO?

Answer Field

The fresh issue size is ₹24.17 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Divyadhan Recycling Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,28,000 amount.

How can I approve the UPI mandate request for Divyadhan Recycling Industries Ltd IPO?

Answer Field

To apply for Divyadhan Recycling Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Divyadhan Recycling Industries Ltd?

Answer Field

The price of each Divyadhan Recycling Industries Ltd share will be ranging in between ₹64 to ₹64 per share.

What is the cut-off time for the UPI mandate for Divyadhan Recycling Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 30, 2024.

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