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.
Divyadhan Recycling Industries IPO is a book built issue of 37.76 lakh shares. The issue is entirely a fresh issue of 37.76 lakh shares. Divyadhan Recycling Industries IPO opens for subscription on September 26, 2024 and closes on September 30, 2024. The allotment for the Divyadhan Recycling Industries IPO is expected to be finalized on Tuesday, October 1, 2024. Divyadhan Recycling Industries IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
Divyadhan Recycling Industries IPO Timeline
Divyadhan Recycling Industries IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Divyadhan Recycling Industries IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Total Issue Size | 3,776,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,776,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,530,714 |
| Share holding post issue | 14,306,714 |
Divyadhan Recycling Industries Limited Financial Information
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 | 6,37,04,999.99 |
| Reserves and Surplus | 764.49 | 353.23 | 137.05 |
| Total Borrowing | 606.64 | 5,45,54,999.99 | 799.76 |
