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Open
26 Sep 2024
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Close
30 Sep 2024
3
Allotment
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Listing
Fri, Oct 4, 2024
Price Band
₹60 to ₹64
Issue Size
37,76,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Oct 4, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
04-10-2024₹0Est. ₹64+0%
03-10-2024₹0Est. ₹64+0%
02-10-2024₹0Est. ₹64+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 28.91x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹100.85 (-1.13%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+0.00%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹32.00 (+0.31%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹410.00 (+1.85%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
Objects of the Issue
| # | 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 |
About Divyadhan Recycling IPO
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.+ Read More
Contact Details
Divyadhan Recycling Industries Ltd. Address1803, Lodha SupremusSaki Vihar Road, Opp.Telephone ExchangePowaiMumbai, Maharashtra, 400072+ 91- 8928434702cs@divyadhan.inVisit Website