Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Divyadhan Recycling Industries IPO
Price Band
₹60.0–64.0
Issue Size
₹24.17 Cr
Lot Size
2,000 shares
Min Investment
₹128,000
GMP
—
Issue Price
₹64.0
Divyadhan Recycling Industries IPO AI Summary
- Divyadhan Recycling Industries IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹60.0–₹64.0 per share, lot size 2,000 shares (min. investment ₹128,000).
- Subscription window: 26 Sep–30 Sep 2024, listing on 04 Oct 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Divyadhan Recycling Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Divyadhan Recycling Industries IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the 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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24.12 | 19.39 | 17.68 |
| Total Income | 59.13 | 58.16 | 59.82 |
| Profit After Tax | 2.38 | 2.16 | 0.53 |
| NET Worth | 12.91 | 8.53 | 6.37 |
| Reserves and Surplus | 7.64 | 3.53 | 1.37 |
| Total Borrowing | 6.07 | 5.46 | 8.00 |
Key Ratios
EPS
₹2.26
NAV
₹13.06
ROE
18.42%
ROCE
20.76%
RoNW
18.42%
P/B Value
4.90
P/E Ratio
28.34
Market Cap
₹91.56 Cr
PAT Margin
4.24%
Debt/Equity
0.47
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Ganesha Ecosphere Ltd. | 5.74% | 68.36 | 27.9 | 27.9 |
| Divyadhan Recycling Industries Limited This IPO | 18.42% | — | 2.41 | 2.41 |
Promoters
Pratik Gupta and Varun Gupta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet out the Capital Expenditure 17.04 2 To meet out the General Corporate Purposes; and 3.98
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹59.82 Cr in the year ending 31 Mar 2022, slightly declining to ₹58.16 Cr by 31 Mar 2023, and then increasing to ₹59.13 Cr by 31 Mar 2024. This indicates a recovery in revenue after a dip in the previous year.
Profit Trend
Profit After Tax was ₹0.53 Cr in the year ending 31 Mar 2022, increasing to ₹2.16 Cr by 31 Mar 2023, and further rising to ₹2.38 Cr by 31 Mar 2024. This shows a consistent growth in profitability over the periods.
Valuation
Divyadhan Recycling Industries Limited has an implied P/E ratio of 28.34 at the issue price, compared to peers like Ganesha Ecosphere Ltd. which has a P/E of 68.36. This suggests that Divyadhan is priced at a lower multiple relative to its peer.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premium (GMP) is the price at which shares are traded in this market, which can give an indication of investor sentiment towards an IPO before its official listing.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against market trends and the company's growth potential. It's important to consider the company's financial health and industry position.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings might want to avoid IPOs like this, which can be more volatile and carry higher risks.
IPO Timeline, Explained
The IPO opens for subscription on 26 September 2024 and closes on 30 September 2024. Allotment of shares will be done on 1 October 2024, with the listing date set for 4 October 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains can be unpredictable and are subject to market conditions, so investors should be aware of the risks involved.
This evaluation is generated from Divyadhan Recycling Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Divyadhan Recycling Industries IPO?
The price band of Divyadhan Recycling Industries IPO is ₹60.0–₹64.0 per share.
When does Divyadhan Recycling Industries IPO open and close?
Divyadhan Recycling Industries IPO opens on 26 September 2024 and closes on 30 September 2024.
When does Divyadhan Recycling Industries IPO list on the stock exchange?
Divyadhan Recycling Industries IPO listed on 04 October 2024 at ₹64.0.
What is the lot size for Divyadhan Recycling Industries IPO?
The lot size for Divyadhan Recycling Industries IPO is 2000 shares, requiring a minimum investment of ₹128,000.
What is the price band for the IPO?
The price band for the IPO is ₹60.0 to ₹64.0.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹128,000.
When is the listing date for the shares?
The listing date for the shares is 4 October 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which shares may trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2024
Close
30 Sep 2024
Allotment
01 Oct 2024
Listing
04 Oct 2024
Similar IPOs in Other Textile Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Divyadhan Recycling Industries?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.