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 DateThursday, September 26, 2024
IPO Close DateMonday, September 30, 2024
Basis of AllotmentTuesday, October 1, 2024
Initiation of RefundsThursday, October 3, 2024
Credit of Shares to DematThursday, October 3, 2024
Listing DateFriday, October 4, 2024
Cut-off time for UPI mandate confirmation5 PM on September 30, 2024

Divyadhan Recycling Industries IPO Details

IPO DateSeptember 26, 2024 to September 30, 2024
Listing Date[.]
Face Value₹10 per share
Price[.] to [.] per share
Total Issue Size3,776,000 shares
(aggregating up to ₹[.] Cr)
Fresh Issue3,776,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue10,530,714
Share holding post issue14,306,714

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,412.111,938.641,767.74
Revenue5,912.885,815.515,981.52
Profit After Tax237.8216.1852.91
Net Worth1,291.03853.236,37,04,999.99
Reserves and Surplus764.49353.23137.05
Total Borrowing606.645,45,54,999.99799.76

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IPO,

Last Update: September 20, 2024