Divyadhan Recycling Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,786,000 (47%) | — | ₹1,143 Cr |
| NII (HNI) | — | 538,000 (14%) | — | ₹344 Cr |
| Retail | — | 1,252,000 (33%) | — | ₹801 Cr |
| Market Maker | — | 200,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 3,776,000 (100%) | — | ₹24,166 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹128,000 |
| Retail (Max) | 13 | 26,000 | ₹1,664,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,792,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,576,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 5,913 | 5,816 | 5,982 |
| Profit After Tax | 238 | 216 | 53 |
| Net Worth | 1,291 | 853 | 637 |
| Total Assets | 2,412 | 1,939 | 1,768 |
| Reserves & Surplus | 764 | 353 | 137 |
| Total Borrowing | 607 | 546 | 800 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the Capital Expenditure. –
- To meet the General Corporate Purposes; and –
- To meet out the Issue Expenses. –
Company Overview
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.