Issue Price
₹64
Per Share
GMP
NIL
Grey Market
Est. Listing
₹64
Expected Price
Min. Application
₹256,000
2 lots × 2000 shares
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.
Divyadhan Recycling Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 200,000 | — | ₹1.28 Cr | — |
| TOTAL | 3,776,000 | 100.00% | ₹24.17 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹128,000 |
| Retail (Max) | 13 | 26,000 | ₹1,664,000 |
| sNII (Min) | 14 | 28,000 | ₹1,792,000 |
| bNII (Min) | 68 | 136,000 | ₹8,704,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 5912.88 | 5815.51 | 5981.52 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 237.80 | 216.18 | 52.91 |
| Net Worth | 1291.03 | 853.23 | 637.05 |
| Total Assets | 2412.11 | 1938.64 | 1767.74 |
| Reserves & Surplus | 764.49 | 353.23 | 137.05 |
| Total Borrowings | 606.64 | 545.55 | 799.76 |