Divyadhan Recycling Industries IPO
IPO Listing Details
- Listing Date
04 Oct 2024
- Listing Price
₹ 84.00
- Listing Change
31.25%
- Last Traded Price
₹ 78.75
IPO Details
- Open Date
26 Sep 2024
- Close Date
30 Sep 2024
- IPO Price Range
₹ 60 - ₹ 64
- IPO Size
₹ 24.17 Cr
- Listing Exchange
NSE SME
- Listing Date
04 Oct 2024
IPO Timeline
Divyadhan Recycling Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Sep-24 | 1.86 | 0.64 | 3.42 | 2.38 |
| 27-Sep-24 | 1.87 | 1.70 | 7.99 | 4.89 |
| 30-Sep-24 | 29.39 | 76.03 | 32.43 | 40.93 |
Last Updated: 01 October 2024 9:38 AM by 5Paisa
Divyadhan Recycling Industries IPO is set to open on 26 September 2024 and will close on 30 September 2024. Divyadhan Recycling Industries makes recycled polyester staple fiber (R-PSF) and recycled plastic pellets.
The IPO includes a fresh issue of 37.76 lakh shares aggregating ₹24.17 Cr and it does not include offer for sale. The price range is set between ₹60 - ₹64 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalized on 1 October 2024. It will go public on NSE SME, with a tentative listing date of 4 October 2024.
Narnolia Financial Services Ltd is the book running lead manager, while Skyline Financial Services Private Ltd is the registrar.
Divyadhan Recycling IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹24.17 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹24.17 Cr |
Divyadhan Recycling IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4000 | ₹256,000 |
Divyadhan Recycling IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 29.39 | 7,16,000 | 2,10,46,000 | 134.69 |
| NII (HNI) | 76.03 | 5,38,000 | 4,09,06,000 | 261.80 |
| Retail | 32.43 | 12,52,000 | 4,06,08,000 | 259.89 |
| Total | 40.93 | 25,06,000 | 10,25,60,000 | 656.38 |
Divyadhan Recycling IPO Anchor Allocation
| Anchor Bid Date | 25 September, 2024 |
| Shares Offered | 1,070,000 |
| Anchor portion Size (In ₹ Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | 31 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 30 December, 2024 |
1. For working capital requirements
2. To meet the Issue Expenses.
3. General corporate purposes
Divyadhan Recycling Industries, founded in May 2010, produces recycled polyester staple fiber (R-PSF) and recycled pellets. The company is certified for quality and environmental management under ISO 14001:2015 for its R-PSF manufacturing. It operates in two main areas like recycled fiber, where they create synthetic fiber from used PET bottles such as those for Coke and water and recycled pellets, which are made from the same materials. Their manufacturing facility is located in Kalyanpur, Himachal Pradesh, with a capacity of 8,030 metric tons per year for fiber and 4,320 metric tons for pellets. As of 31 August 2024, the company employed about 83 people.
Peers
Ganesha Ecosphere Ltd.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 59.13 | 58.16 | 59.82 |
| EBITDA | 5.70 | 5.07 | 2.80 |
| PAT | 2.38 | 2.16 | 0.53 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 24.12 | 19.39 | 17.68 |
| Share Capital | 5.27 | 5.00 | 5.00 |
| Total Borrowings | 6.07 | 5.46 | 7.90 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 2.21 | 4.42 | 3.84 |
| Net Cash Generated From / (used in) investing activities | -2.18 | -1.32 | -0.74 |
| Net Cash Generated From / (used in) financing activities | 1.96 | -3.12 | -3.09 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1.90 | -0.01 | 0.003 |
Strengths
1. Plastic pellets are used across various sectors, including packaging, automotive, construction, consumer goods, and electronics. This diversity allows manufacturers to cater to different markets and customer needs, enhancing demand stability.
2. Continuous innovations in plastic manufacturing techniques lead to improved efficiency, reduced production costs and higher quality products. These advancements can increase competitiveness and open up new opportunities for product development.
3. Plastic pellets can be customized in terms of color, size and properties to meet specific requirements of different industries. This versatility makes them suitable for a wide range of applications attracting more customers and fostering loyalty.
Risks
1. Increasing regulations regarding plastic use and waste management pose a significant risk. Stricter laws can lead to higher compliance costs or limit market opportunities for plastic products.
2. The prices of raw materials used in plastic production such as petrochemicals, can fluctuate due to market conditions. Sudden price increases can affect profit margins and overall financial stability.
3. The growing popularity of biodegradable and sustainable materials may pose a threat to traditional plastic products. If consumers shift towards these alternatives, it could lead to a decrease in demand for plastic pellets.
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FAQs
Divyadhan Recycling Industries IPO opens from 26 September to 30 September 2024.
The size of the Divyadhan Recycling Industries IPO is ₹24.17Cr.
The price of the Divyadhan Recycling Industries IPO is fixed between ₹60 -₹64 per share.
To apply for Divyadhan Recycling Industries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Divyadhan Recycling Industries IPO.
● 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.
The minimum lot size of Divyadhan Recycling Industries IPO is 2000 shares and the investment required is ₹1,20,000.
The share allotment date of Divyadhan Recycling Industries IPO is 1 October 2024.
The Divyadhan Recycling Industries IPO will be listed on 4 October 2024.
Narnolia Financial Services Ltd is the book running lead manager for Divyadhan Recycling Industries IPO.
Divyadhan Recycling Industries plans to utilize the raised capital from the IPO for:
1. For working capital requirements
2. To meet the Issue Expenses.
3. General corporate purposes
Contact Information
Divyadhan Recycling Industries
Divyadhan Recycling Industries Limited
1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange
Powai, Mumbai City - 400072,
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: http://www.divydhan.in/
Divyadhan Recycling Industries IPO Register
Narnolia Financial Services Ltd
Divyadhan Recycling Industries IPO Lead Manager
Skyline Financial Services Private Ltd
Phone: 02228511022
Website: https://www.skylinerta.com/ipo.php
