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SME IPO Status: Open [26th Sep 2024 to 30th Sep 2024]
Divyadhan Recycling Industries IPO, a SME IPO of ₹24.17 Cr opens for subscription from 26-09-2024 to 30-09-2024. The IPO consists of ₹24.17 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 60.00-64.00 per share. You can apply to the Divyadhan Recycling Industries SME IPO for a minimum lot of 2000 shares amounting of Rs 128000.
The tentative listing date on the exchange (NSE SME) is 04-10-2024.Stay tuned with us to get more details about Divyadhan Recycling Industries SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 26th Sep 2024 |
| SME IPO Issue Closing Date: | 30th Sep 2024 |
| SME IPO Issue Price: | ₹60.00-64.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹24.17 Cr |
| Fresh Issue: | ₹24.17 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.06% |
| Promoter Holding Post IPO: | 69.24% |
Get important updates regarding Divyadhan Recycling Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat* | 3rd Oct 2024 |
| SME IPO Listing Date* | 4th Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹60.00-64.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-09-2024 | 64.00 | 0 | -- | ₹64 (0%) | 27-Sep-2024 7:02 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Divyadhan Recycling Industries Limited was established in May 2010 and is engaged in the manufacture of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibres and pellets are made from used PET bottles, also known as polyethene terephthalate bottles.
They yield hollow and strong recycled polyester staple fibres that have good recovery properties and are used to make high-quality pillows and quilts. The recycled fibres are supplied to various industries such as packaging, home textiles and textiles. Their hollow structure contributes to their insulating properties, allowing them to be used for a variety of products such as clothing, home textiles, automotive parts, nonwovens and insulation.
The company is also involved in producing recycled pellets that can be used in various industries such as the automotive, packaging and fibre industries. However, the company is still in the early stages of producing recycled pellets.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Other Textile Products | ₹24.17 Cr | http://www.divydhan.in/ |
The objects of the Issue are:-
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 716,000 (28.57%) | 538,000 (21.47%) | 1,252,000 (49.96%) | 2,506,000 | |
| 1 | 26th Sep 2024 19:31 | 1.86x | 0.64x | 3.42x | 2.38x |
Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 2,412.11 | 1,938.64 | 1,767.74 | |||||||||||||||||||||||||||
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 | |||||||||||||||||||||||||||
| Profit After Tax | 237.8 | 216.18 | 52.91 | |||||||||||||||||||||||||||
| Net Worth | 1,291.03 | 853.23 | 637.05 | |||||||||||||||||||||||||||
| Reserves and Surplus | 764.49 | 353.23 | 137.05 | |||||||||||||||||||||||||||
| Total Borrowing | 606.64 | 545.55 | 799.76 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Divyadhan Recycling Industries Limited | 2.41 | 2.41 | 18.42 | |||
| Ganesha Ecosphere Ltd. | 27.9 | 27.9 | 68.36 | 5.74 |
Last Updated on 26-Sep-2024 10:33:33
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Divyadhan Recycling Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Divyadhan Recycling Industries SME IPO with Zerodha.
Alternate approch to apply in Divyadhan Recycling Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Divyadhan Recycling Industries SME IPO Review and Important Updates
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To subscribe or apply in Divyadhan Recycling Industries SME IPO, you can use the following methods:
| Divyadhan Recycling Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Divyadhan Recycling Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Divyadhan Recycling Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Divyadhan Recycling Industries SME IPO. Most of the Syndicate Banks provide access to apply in Divyadhan Recycling Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Divyadhan Recycling Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Divyadhan Recycling Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Divyadhan Recycling Industries SME IPO Review and Important Updates
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Divyadhan Recycling Industries SME IPO is going to be list on 04-10-2024.
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Divyadhan Recycling Industries SME IPO Allotment Date is 01-10-2024.
Other relevant questions:
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