Divyadhan Recycling Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 26 to Sep 30 2024
Price Band
₹60 - 64
Current GMP
₹84(32.25%)
Subscription
40.93 times
IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 10,530,714 |
| Share holding post issue | 14,306,714 |
| Market Maker portion | 200,000 shares Kantilal Chhaganlal Securities |
IPO Date
September 26, 2024 to September 30, 2024
Listing Date
Friday, October 4, 2024
Face Value
₹10 per share
Price Band
₹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
Share holding pre issue
10,530,714
Share holding post issue
14,306,714
Market Maker portion
200,000 shares Kantilal Chhaganlal Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 29.39 |
| Non-Institutional Buyers*** | 76.03 |
| Retail Investors | 32.43 |
| Total ** | 40.93 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
29.39
Non-Institutional Buyers***
76.03
Retail Investors
32.43
Total **
40.93
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 26, 2024 | 1.86 | 0.64 | 3.42 | 2.38 |
| Day 2 Sep 27, 2024 | 1.87 | 1.70 | 7.99 | 4.89 |
| Day 3 Sep 30, 2024 | 29.39 | 76.03 | 32.43 | 40.93 |
DayDay 1
Sep 26, 2024
QIB1.86
NII*0.64
Retail3.42
Total2.38
DayDay 2
Sep 27, 2024
QIB1.87
NII*1.70
Retail7.99
Total4.89
DayDay 3
Sep 30, 2024
QIB29.39
NII*76.03
Retail32.43
Total40.93
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-10-2024 | 64.00 | 0(0%) | 64 |
| 03-10-2024 | 64.00 | 0(0%) | 64 |
| 02-10-2024 | 64.00 | 0(0%) | 64 |
| 01-10-2024 | 64.00 | 0(0%) | 64 |
| 30-09-2024 | 64.00 | 0(0%) | 64 |
| 29-09-2024 | 64.00 | 0(0%) | 64 |
| 28-09-2024 | 64.00 | 0(0%) | 64 |
| 27-09-2024 | 64.00 | 0(0%) | 64 |
| 26-09-2024 | 64.00 | 0(0%) | 64 |
| 25-09-2024 | 64.00 | 0(0%) | 64 |
| 24-09-2024 | 64.00 | 0(0%) | 64 |
| 23-09-2024 | 64.00 | 0(0%) | 64 |
| 22-09-2024 | 64.00 | 0(0%) | 64 |
| 21-09-2024 | 64.00 | 0(0%) | 64 |
| 20-09-2024 | 0(0%) | (0%) | |
| 19-09-2024 | 0(0%) | (0%) |
Date04-10-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date03-10-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date02-10-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date01-10-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date30-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date29-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date28-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date27-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date26-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date25-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date24-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date23-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date22-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date21-09-2024
Price64.00
GMP0(0%)
Estimate List Price64
Date20-09-2024
Price
GMP0(0%)
Estimate List Price(0%)
Date19-09-2024
Price
GMP0(0%)
Estimate List Price(0%)
IPO Important Dates
| 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 |
| 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 |
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
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹128,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹128,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹256,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20242,412.11
31 Mar 20231,938.64
31 Mar 20221,767.74
Period EndedRevenue
31 Mar 20245,912.88
31 Mar 20235,815.51
31 Mar 20225,981.52
Period EndedProfit After Tax
31 Mar 2024237.8
31 Mar 2023216.18
31 Mar 202252.91
Period EndedNet Worth
31 Mar 20241,291.03
31 Mar 2023853.23
31 Mar 2022637.05
Period EndedReserves and Surplus
31 Mar 2024764.49
31 Mar 2023353.23
31 Mar 2022137.05
Period EndedTotal Borrowing
31 Mar 2024606.64
31 Mar 2023545.55
31 Mar 2022799.76
Key Performance Indicator
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
| EPS (Rs) | 2.26 |
ROE
18.42%
ROCE
20.76%
Debt/Equity
0.47
RoNW
18.42%
P/BV
4.9
PAT Margin (%)
4.24
EPS (Rs)
2.26
IPO Reservation
| Anchor Investor Shares Offered | 10,70,000 (28.34%) |
| Market Maker Shares Offered | 2,00,000 (5.3%) |
| QIB Shares Offered | 7,16,000 (18.96%) |
| NII (HNI) Shares Offered | 5,38,000 (14.25%) |
| Retail Shares Offered | 12,52,000 (33.16%) |
| Total Shares Offered | 37,76,000 (100%) |
Anchor Investor Shares Offered
10,70,000 (28.34%)
Market Maker Shares Offered
2,00,000 (5.3%)
QIB Shares Offered
7,16,000 (18.96%)
NII (HNI) Shares Offered
5,38,000 (14.25%)
Retail Shares Offered
12,52,000 (33.16%)
Total Shares Offered
37,76,000 (100%)
Information about company
Incorporated in May 2010, Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.
The company is certified for Quality Management System (ISO 14001:2015) and Environmental Management System (ISO 14001:2015) for manufacturing Recycled Polyester Staple Fibre.
The company operates in two business verticals:-
Recycled Fiber: The company produces synthetic fibre known as Recycled Polyester Staple Fiber (R-PSF) from PET bottles, such as those used for Coke, soda, water, and other post-consumer PET bottles.
Recycled Pellets/chips: They also manufacture pellets called recycled pellets, which are sourced from the same raw materials as recycled polyester staple fiber.
The Company's manufacturing unit is located in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal, and has a total capacity of 8030 metric tons per annum for fibre and 4320 metric tons per annum for pellets.
As of August 31, 2024, the company had around 83 employees in various departments.
Objectives of IPO
The objects of the Issue are:-
To meet the Capital Expenditure.
To meet the General Corporate Purposes; and
To meet out the Issue Expenses.
Disclaimer
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