Divyadhan Recycling IPO GMP, Review, Price, Allotment

Divyadhan Recycling IPO description – Divyadhan Recycling is in the business of manufacturing recycled polyester staple fibre (R-PSF) and recycled pellets which are used to make premium pillows, cushions and quilts. The recycled fiber is supplied to various industries such as Packaging, Home furnishing, and Textiles. Its hollow structure adds to its insulating properties, making it suitable for use in a wide range of products including clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials.

The company’s manufacturing facility is based in Baddi, Himachal Pradesh with a capacity of 8,030 metric tons per annum. Divyadhan Recycling sources raw materials (post-consumer PET bottles) from various junk collectors and recycles them to produce Recycled Polyester Staple Fibre and Recycled Pellets at its factory. Currently, it is catering to non-food industries requiring recycled bottles for their packaging.

Divyadhan Recycling has around 82 employees on its payroll.

Promoters of Divyadhan Recycling – Mr. Pratik Gupta and Mr. Varun Gupta

Divyadhan Recycling IPO Details

Divyadhan Recycling IPO Dates	26 – 30 September 2024
Divyadhan Recycling Issue Price	INR 60 – 64 per share
Fresh issue	37,76,000 shares (INR 22.66 – 24.17 crore)
Offer For Sale	NIL
Total IPO size	37,76,000 shares (INR 22.66 – 24.17 crore)
Minimum bid (lot size)	2,000 (INR 1,28,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE Emerge

Divyadhan Recycling Financial Performance

	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	41.39	57.78	57.34	56.13
Expenses	44.02	59.09	55.15	55.83
Net income	0.22	0.53	2.16	2.38

Figures in INR Crores unless specified otherwise

Divyadhan Recycling Offer News

Divyadhan Recycling Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	0.54	2.20	2.41
PE ratio	–	–	24.90 – 26.56
RONW (%)	8.31	25.34	18.42
NAV	6.49	8.69	13.06
ROCE (%)	10.30	25.48	20.76
EBITDA (%)	5.01	8.84	10.16
Debt/Equity	1.26	0.64	0.47

*Compiled by IPO Central from Prospectus

Divyadhan Recycling IPO GMP Today

Divyadhan Recycling IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

Divyadhan Recycling IPO Allotment Status

Divyadhan Recycling IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Divyadhan Recycling IPO Dates & Listing Performance

IPO Opening Date	26 September 2024
IPO Closing Date	30 September 2024
Finalization of Basis of Allotment	1 October 2024
Initiation of refunds	3 October 2024
Transfer of shares to demat accounts	3 October 2024
IPO Listing Date	4 October 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

Divyadhan Recycling Offer Lead Manager

NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: [email protected]
Website: www.narnolia.com

Divyadhan Recycling Offer Registrar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-97
Email: [email protected]
Website: www.skylinerta.com

DIVYADHAN RECYCLING INDUSTRIES LIMITED
1803, Lodha Supremus, Saki Vihar Road, Opp.
Telephone Exchange, Powai, Mumbai City,
Maharashtra – 400072, India.
Phone: 91- 8928434702
E-mail: [email protected]
Website: www.divydhan.in