Divyadhan Recycling Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2024

Close Date

30 Sep 2024

Allotment

01 Oct 2024

Listing Date

04 Oct 2024

Exchange

NSE SME

Price Band

₹64

Listing Price

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Allotment Status

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Price Band

₹64

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

37,76,000 shares (aggregating up to ₹24.17 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹128,000

1 lot

Pre-IPO Holding

1,05,30,714 shares

Promoters

Post-IPO Holding

1,43,06,714 shares

Promoters

P/E (Pre)

28.34x

P/E (Post)

38.5x

EPS (Pre)

₹2.26

EPS (Post)

₹1.66

UPI Deadline

2024-09-30

Mandate

Anchor AllotmentWed, 25 Sep 2024

Basis of AllotmentTue, 01 Oct 2024

Refund InitiationThu, 03 Oct 2024

Demat CreditThu, 03 Oct 2024

Listing DayFri, 04 Oct 2024

UPI Mandate Deadline2024-09-30

Sale TypeFresh Capital

Net Offer to Public35,76,000 shares (aggregating up to ₹22.89 Cr)

Market Maker Quota2,00,000 shares (aggregating up to ₹1.28 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Divyadhan Recycling Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	200,000	—	₹1.28
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,776,000	100%	₹24.17

IPO Shares Offered

Divyadhan Recycling Industries Ltd IPO total issue size: ₹24.17 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	200,000	₹1.28	5.30%
Total	3,776,000	₹24.17	100.00%

* Based on upper price band ₹64 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹64.00

Upper Band

Min Investment

₹128,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹256,000
Retail (Max — 13 Lots)	13	26,000	₹1,664,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,792,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,704,000

* Issue Price ₹64 × Lot Size 2,000 shares

IPO Schedule

Anchor

25 Sep 2024

✓ Done

IPO Open

26 Sep 2024

✓ Done

IPO Close

30 Sep 2024

✓ Done

Allotment

01 Oct 2024

✓ Done

Refunds

03 Oct 2024

✓ Done

Demat Credit

03 Oct 2024

✓ Done

Listing Day

04 Oct 2024

✓ Done

₹64.00

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Issue ₹64.00 Live Price

About Divyadhan Recycling Industries Ltd

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.

Objects of the Issue

To meet the Capital Expenditure.

To meet the General Corporate Purposes; and

To meet out the Issue Expenses.

Divyadhan Recycling Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹5,981.5

31 Mar 2022

₹5,815.5

31 Mar 2023

₹5,912.9

31 Mar 2024

Profit After Tax (PAT)

₹52.9

31 Mar 2022

₹216.2

31 Mar 2023

₹237.8

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	5912.88	5815.51	5981.52
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	237.80	216.18	52.91
Net Worth	1291.03	853.23	637.05
Total Assets	2412.11	1938.64	1767.74
Reserves & Surplus	764.49	353.23	137.05
Borrowings	606.64	545.55	799.76
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	4.24%	—	—

P/BV Ratio

4.90

RoE

18.42%

RoCE

20.76%

RoNW

18.42%

PAT Margin

4.24%

Debt/Equity

0.47

Issue Structure & Shareholding

Total Shares Offered37,76,000 (100.00%)

Net Offer to Public35,76,000 shares (aggregating up to ₹22.89 Cr)

Reserved for Market Maker2,00,000 shares (aggregating up to ₹1.28 Cr)

Pre-Issue Promoter Holding1,05,30,714 shares

Post-Issue Promoter Holding1,43,06,714 shares

P/BV Ratio4.90

RoE18.42%

RoCE20.76%

Debt / Equity0.47

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Narnolia Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Divyadhan Recycling Industries Ltd IPO subscribed? ▲

Divyadhan Recycling Industries Ltd IPO is subscribed 1.00 times by Sep 30, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Divyadhan Recycling Industries Ltd IPO retail subscription status? ▼

The Divyadhan Recycling Industries Ltd IPO retail category is subscribed 1.00 times as of 30 Sep 2024. The retail portion is oversubscribed.

How to subscribe Divyadhan Recycling Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2024 and closes 30 Sep 2024. Min investment: ₹128,000 (1 lot = 2,000 shares). UPI mandate: 2024-09-30.

How many times Divyadhan Recycling Industries Ltd IPO subscribed? ▼

The Divyadhan Recycling Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Divyadhan Recycling Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Oct 2024. Refunds: on 03 Oct 2024.

When Divyadhan Recycling Industries Ltd IPO will be listed? ▼

The Divyadhan Recycling Industries Ltd IPO listing date is 04 Oct 2024, Friday. Listed on: NSE SME. Issue price: ₹64. Estimated listing: ₹64. GMP: NIL.

When Divyadhan Recycling Industries Ltd IPO close? ▼

The Divyadhan Recycling Industries Ltd IPO closes on 30 Sep 2024, Monday. UPI mandate: 2024-09-30. Allotment: 01 Oct 2024. Listing: 04 Oct 2024.

Quick Actions

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Live Price LIVE

Last Price₹64.00

Change—

Issue Price₹64.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹64

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹128,000

GMPNIL

Est. Listing₹64

Subscribed1.00x

Open Date26 Sep 2024

Close Date30 Sep 2024

Allotment01 Oct 2024

Listing Date04 Oct 2024

ExchangeNSE SME

UPI Deadline2024-09-30