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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹24.17 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹24.17 Cr |
| Fresh Issue | ₹22.89 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹60.00-64.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DIVYADHAN |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers |
Narnolia Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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:-
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.
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 |
| 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 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt / Equity | 0.47% |
| RoNW | 18.42% |
| PAT Margin | 4.24% |
| Price to Book Value | 4.90 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
| Promoter Holding | 94.06% | 69.24% |
| Market Cap | ₹91.56 Cr. | |
