Divyadhan Recycling Industries Limited (NSE SME)
Sep 26, 2024 - Sep 30, 2024
| Price | ₹60 - ₹64 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Oct 1, 2024 |
| Listing | Oct 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 128000 | 626 |
| HNI | 2 | 4000 | 256000 | 269 |
Last updated on 30-Sep-2024 18:39:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 716000 | 21046000 | 29.39 |
| NIB | 538000 | 41106000 | 76.41 |
| RETAIL | 1252000 | 40682000 | 32.49 |
| Total | 2506000 | 102834000 | 41.04 |
| Retail Apps | 20341 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹6.56 | @8% ₹7.5 | @9% ₹8.44 | @10% ₹9.38 | @11% ₹10.32 | @12% ₹11.25 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.16% | 1252000 |
| NII (HNI) | 14.25% | 538000 |
| Anchor | 28.34% | 1070000 |
| QIB | 18.96% | 716000 |
| Market Maker | 5.30% | 200000 |
| Total | 100.00% | 3776000 |
Divyadhan Recycling Industries IPO Details
| 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 |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.42% | 25.34% | 8.31% |
| ROCE | 20.76% | 25.48% | 10.30% |
| RONW | 18.42% | 25.34% | 8.31% |
| D/E | 0.47 | 0.64 | 1.26 |
| EPS (basic) | 2.41 | 2.2 | 0.54 |
P/E Pre IPO | 28.34 | ||
| P/E Post IPO | 38.5 |
Company Financials
Divyadhan Recycling Industries Limited Financial Information (Restated)
Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 2,412.11 | 1,938.64 | 1,767.74 | |||||||||||||||||||||||||||
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 | |||||||||||||||||||||||||||
| Profit | 237.8 | 216.18 | 52.91 | |||||||||||||||||||||||||||
| Net Worth | 1,291.03 | 853.23 | 637.05 | |||||||||||||||||||||||||||
| Reserves | 764.49 | 353.23 | 137.05 | |||||||||||||||||||||||||||
| Borrowing | 606.64 | 545.55 | 799.76 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Incorporated in May 2010, Divyadhan Recycling Industries Limited specializes in the manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company is certified for both Quality Management System (ISO 9001:2015) and Environmental Management System (ISO 14001:2015), highlighting its commitment to quality and sustainability in the production of recycled materials. Operating in two business verticals, the company produces R-PSF from post-consumer PET bottles, such as those used for beverages, and also manufactures recycled pellets from the same raw materials. Its manufacturing unit, located in Village Kalyanpur, Tehsil Baddi, District Solan, Himachal Pradesh, has a production capacity of 8,030 metric tons per annum for fibre and 4,320 metric tons per annum for pellets. As of August 31, 2024, the company employed around 83 people across various departments.
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Sustainable Business Model: Focus on recycling PET bottles ensures long-term sustainability and a steady supply of raw materials.
Environmentally Conscious: Adherence to ISO 14001:2015 certification reflects the company’s strong commitment to eco-friendly manufacturing practices.
Strong Customer Relations: Maintaining cordial relationships with customers fosters trust and drives consistent business growth.
Leased Office Space: Dependence on a non-owned registered office means any forced relocation could disrupt business operations.
Legal Proceedings: Ongoing litigations involving the promoters could lead to penalties or negatively impact the company’s business and reputation.
Revenue Concentration: A significant portion of revenue comes from Himachal Pradesh, making the company vulnerable to adverse developments in that region.
Phone: 02228511022
Email:
Website: https://www.skylinerta.com/ipo.php