Divyadhan Recycling Industries Ltd IPO
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Divyadhan Recycling Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 37.76 L | TBA | ₹ 12.52 L | ₹ 99.06 L | NSE | ₹ 24.17 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Sep, 24 | 30 Sep, 24 | 2000 | ₹ 1,20,000 | Book Building - SME | 04 Oct, 24 |
Divyadhan Recycling Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Processing |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 11.78x | 1786000 | 21046000 |
| NII | 76.41x | 538000 | 41106000 |
| Retail | 32.49x | 1252000 | 40682000 |
| Employee | 0x | 0 | 0 |
| Total | 27.23x | 3776000 | 102834000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Divyadhan Recycling Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.06 | 4.50 | 2.14 |
| EBITDA | 6.82 | 6.00 | 3.56 |
| PAT | 2.38 | 2.16 | 0.53 |
| Total Assets | 11.82 | 7.51 | 5.63 |
| Share Capital | 5.27 | 5.00 | 5.00 |
| Total Borrowings | 2.70 | 0.69 | 1.52 |
| Operating Activities (Net Cash) | 4.14 | 3.66 | 1.95 |
| Investing Activities (Net Cash) | 0.00 | -0.02 | -0.02 |
| Financing Activities (Net Cash) | 2.70 | 0.69 | 1.52 |
| Net Cashflow | 2.01 | 0.01 | 0.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Divyadhan Recycling Industries Ltd
Our Company was incorporated as a Private Limited Company with the name of Divyadhan Consultants Private Limited under the Companies Act, 1956 vide certificate of incorporation dated May 03, 2010, issued by Registrar of Companies, Maharashtra, Mumbai, bearing registration no. 202686. Thereafter, the name of the company was changed from Divyadhan Consultants Private Limited to Divyadhan Recycling Industries Private Limited vide special resolution passed by the members of the company at the Extra Ordinary General Meeting held on September 27, 2023 vide certificate of incorporation dated November 10, 2023. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra-Ordinary General Meeting held on December 13, 2023 and the name of our Company changed from Divyadhan Recycling Industries Private Limited to Divyadhan Recycling Industries Limited & Registrar of Companies, Maharashtra, Mumbai issued a new certificate of incorporation consequent upon conversion dated March 02, 2024 bearing CIN U39000MH2010PLC202686.
Polyester Staple Fiber Market: The global industry was valued at US$ 31.8 Bn in 2023. It is expected to grow at a CAGR of 4.7% from 2024 to 2034 and reach US$ 52.4 Bn by the end of 2034. Analyst Viewpoint: Expansion in home furnishings sector is fueling the polyester staple fiber market value. Polyester staple fiber finds applications in bedding, curtains, carpets, dresses, pants, shirts, and activewear due to its durability, ease of care, and resistance against wrinkles. Increase in production of textiles is augmenting the polyester staple fiber market demand. Polyester fiber is the most widely used chemical fiber in the textile sector. Players operating in the polyester staple fiber industry landscape are investing in recycling to help reduce plastic pollution. They are also launching advanced production processes that offer savings in energy, water, and raw material consumption. Indian Polyester Fibre Industry: Market Overview: India Polyester Staple Fibre Market has reached USD1.54 billion by 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.25% through 2029. Polyester Staple Fibre (PSF) is extensively used in spinning and other textile applications due to its durability, cost- effectiveness, and versatility. In the Indian PSF market, there are two main categories: solid and hollow products. Solid PSF is widely popular in traditional textile manufacturing, known for its strength and resilience. On the other hand, hollow PSF is gaining traction for its unique properties such as lightweightness and excellent insulation. However, the widespread use of synthetic fibers like polyester has raised environmental concerns. These fibers are non-biodegradable, posing a significant threat to our ecosystems. To address this issue, the industry must focus on innovation and invest in recycling technologies to ensure the sustainability of PSF production. By adopting these recycling methods, we can minimize the environmental impact and promote a circular economy. Looking ahead, the future of the Indian PSF market appears promising. The market is expected to witness substantial growth due to rising consumer demand and advancements in manufacturing technologies. Additionally, the growing emphasis on sustainable fashion and the development of recycled PSF present exciting new avenues for growth and expansion. As the industry continues to evolve, it is crucial to prioritize sustainability and explore eco-friendly alternatives to meet the demands of both consumers and the environment.
Our company is into the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. Our company started its operations in the financial year 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their manufacturing facility based in Baddi, Himachal Pradesh.
Peer Comparison:
- Ganesha Ecosphere Ltd
Divyadhan Recycling Industries Ltd IPO Key Points
Strengths
- Sustainable Business Model.
- Environmentally conscious approach.
- Cordial relations with our customers.
- Quality Deliverables.
Risk
- The company Registered Office from where itsoperate are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.
- Its Promoters is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.
- Majority of its state wise revenues from operations for the last 3 years is majorly derived from Himachal Pradesh. Any adverse developments affecting its operations in this state could have an adverse impact on the company revenue and results of operations.
Strategy
- To increase our manufacturing capacity by purchase of plant and machineries.
- Capitalize the opportunity in the Recycled polyester Fiber and Pellets Industry.
- Focus on consistently meeting quality standards.
- Customer Acquisition.
- Sustainable Business Model.
- Environmentally conscious approach.
- Cordial relations with our customers.
- Quality Deliverables.
How To Apply for Divyadhan Recycling Industries Ltd IPO Online?
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Step 2:
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Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.