Divyadhan Recycling IPO – The September 26 IPO for Divyadhan Recycling is scheduled to launch. One SME looking to raise ₹24.17 crores through an IPO is Divyadhan Recycling. The initial public offering (IPO) price range for Divyadhan Recycling is set at ₹60 to ₹64, with a market lot of 2000 shares. In Himachal Pradesh and as a distressed asset under the terms of the SARFAESI Act, 2002 from Axis Bank Limited, the current promoters of Divyadhan Consultants Private Limited bought the company from its original owners in 2010 and 2013.
Divyadhan Recycling IPO Details
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total 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 |
Divyadhan Recycling Industries Financials
| FY 2024 | |
| Assets | 2,412.11 |
| Revenue | 5,912.88 |
| Profit After Tax | 237.8 |
| Net Worth | 1,291.03 |
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
Divyadhan Recycling Industries Review
The company is engaged in the production of recycled pellets and polyester staple fiber. The reported fiscals showed nearly unchanged top lines, but FY23 and FY24 saw a significant increase in bottom lines. Investors may park funds for the long term; The issue is fully valued based on FY24 results. It operates in a highly competitive and fragmented market.
About the Company – Divyadhan Recycling Industries
Divyadhan Recycling Industries Limited was founded in May 2010 and produces recycled pellets and recycled polyester staple fiber (R-PSF). Used PET bottles, sometimes referred to as polyethene terephthalate bottles, are used to make recycled fibers and pellets. They produce strong, hollow recycled polyester staple fibers with good recovery qualities that are utilized to create luxurious blankets and cushions.
Recycled fibers are supplied to a number of industries, including textiles, home textiles, and packaging. They can be used for a range of products, including clothes, household textiles, automotive parts, nonwovens, and insulation, thanks in part to their hollow structure, which enhances their insulating qualities.
