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Divyadhan Recycling Industries IPO
Divyadhan Recycling Industries Ltd
₹1,20,000 /2000 sharesMinimum Investment
Divyadhan Recycling Industries IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹64.00 | ₹84.00 | ₹20.00 (31.25%) |
Divyadhan Recycling Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Sep ‘24 - 30 Sep ‘24 | ₹1,20,000 | 2,000 | ₹60 - ₹64 |
| Issue Size | IPO Doc |
|---|---|
| 24.17Cr | RHP PDF |
Subscription rate
As of 30 Sep'24, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 20.67x |
About Divyadhan Recycling Industries
Founded in
2010
Managing director
Mr. Varun Gupta
Parent organisation
Divyadhan Recycling Industries Ltd
Strengths & Financials of Divyadhan Recycling Industries
Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems and ISO 14001:2015 certified for environmental management systems.
The company’s manufacturing facility in Baddi, Himachal Pradesh, has an annual production capacity of 8,030 metric tonnes of fibre and 4,320 metric tonnes of pellets.
The company has seen a consistent increase in profit after tax (PAT) over the past few years. PAT increased from Rs 0.53 crore in FY22 to Rs 2.16 crore in FY23 to Rs 2.38 crore in FY24.
The company's promoters and its group companies are involved in some legal proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
Himachal Pradesh contributed 88.55%, 94.06%, and 87.17% of overall revenue from operations of the company in FY24, FY23, and FY22, respectively. Any adverse developments in the business environment of the state can negatively impact the company’s operations.
The company’s revenue from operations majorly depends on a single customer, PV Fibres LLP, which accounted for Rs 49.42 crore (88.05%) in FY24, Rs 48.65 crore (84.85%) in FY23, and Rs 43.77 crore (75.77%) in FY22. Any loss of or decrease in business from this customer can adversely affect the company’s operations and finances.
The top 10 customers of the company contributed Rs 54.27 crore (96.69%), Rs 55.90 crore (97.48%), and Rs 55.94 crore (96.83%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any loss of these customers or a decrease in demand from them can adversely impact the company’s operations.
The company generates a significant portion of its revenue from the sale of recycled PET fibre. This activity contributed Rs 53.14 crore (94.68% of revenue from operations) in FY24, Rs 56.94 crore (99.31%) in FY23, and Rs 56.16 crore (97.20%) in FY22. Any decline in the sale of these products can adversely affect the company’s business, finances, and operations.
As of March 31, 2024, the company has outstanding unsecured loans amounting to Rs 5.87 crore. Any inability to repay or service these loans can be detrimental to the company’s financial standing.
Divyadhan Recycling Industries Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Divyadhan Recycling Industries IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹60 - 64 | ₹2 - 5 Lakh |
| High Networth Individual | ₹60 - 64 | ₹2 - 5 Lakh |
For Divyadhan Recycling Industries IPO, eligible investors can apply as Regular.