Divyadhan Recycling Industries SME IPO Details, Financials, Valuation & Peers
Explore Divyadhan Recycling Industries IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Divyadhan Recycling Industries Limited is a leading manufacturer of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets, specializing in converting post-consumer PET (Polyethylene Terephthalate) bottles into eco-friendly products. The company began its operations in 2018-19, focusing on the production of R-PSF at its Baddi-based facility in Himachal Pradesh, with an annual capacity of 8,030 metric tons. In November 2023, it expanded into the manufacturing of recycled pellets, although this production is currently in the trial stage. Divyadhan sources its raw material from waste collectors and junk dealers, transforming PET waste into high-quality recycled fibres and pellets used across various industries, including home furnishings, textiles, packaging, and automotive.
Key Points:
- Business Verticals:
- Recycled Fibre (R-PSF): Manufacturing of hollow and solid polyester staple fibres used in products like pillows, cushions, quilts, automotive components, and insulation materials.
- Recycled Pellets: Production of pellets, currently in the trial stage, used in manufacturing bottles for non-food industries, with plans to expand into food-grade packaging.
- Manufacturing Process: Includes collection, sorting, cleaning, shredding, melting, extrusion, spinning, drawing, and baling of PET bottles to create recycled fibres and pellets.
- Facility: The manufacturing unit is based in Baddi, Himachal Pradesh, with a capacity of 8,030 metric tons per annum.
- Market Applications: R-PSF is used for packaging, clothing, insulation, and non-woven fabrics, while recycled pellets have diverse applications in automotive, packaging, and fiber manufacturing industries.
Objects of the Issue
- To meet out the Capital Expenditure.
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses.
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 26 Sep - 30 Sep 2024 |
| IPO Price Band | ₹60 - ₹64 per share |
| Fresh Issue | 37,76,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹24.17 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
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| Event | Date |
|---|---|
| IPO Opening Date | 26 Sep 2024 |
| IPO Closing Date | 30 Sep 2024 |
| Basis Of Allotment | 01 Oct 2024 |
| Refunds | 03 Oct 2024 |
| Demat Transfer | 03 Oct 2024 |
| IPO Listing Date | 04 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 44.33 | 59.82 | 58.16 | 59.13 |
| Total Expenses | 44.02 | 59.09 | 55.15 | 55.83 |
| Net Profit/Loss | 0.23 | 0.53 | 2.16 | 2.38 |
| NPM (*) | 0.55 | 0.92 | 3.77 | 4.24 |
| Total Assets | 20.81 | 17.68 | 19.39 | 24.12 |
| Total Liabilities | 14.97 | 11.31 | 10.85 | 11.21 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.46 | 0.54 | 2.20 | 2.41 |
| ROE (%) | 3.92 | 8.31 | 25.34 | 18.42 |
| ROCE (%) | 7.41 | 10.30 | 25.48 | 20.76 |
| D/E Ratio | 1.77 | 1.26 | 0.64 | 0.47 |
| Current Ratio | 1.00 | 0.90 | 0.94 | 1.14 |
| EBITDA MARGIN (%) | 6.09 | 5.01 | 8.84 | 10.16 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Divyadhan Recycling Industries Limited | 56.13 | 26.56 | 2.41 | 18.42 | 13.06 |
| Ganesha Ecosphere Limited | 975.34 | 68.36 | 27.90 | 5.74 | NA |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 29.39 |
| Non-Institutional Investor (NII/HNI) | 76.03 |
| Retail Individual Investor (RII) | 32.43 |
| Total | 40.93 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Lead Managers
- NARNOLIA FINANCIAL SERVICES LIMITED
Company Address
Divyadhan Recycling Industries Limited
1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai, Mumbai City, Maharashtra - 400072, India
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: www.divyadhan.in
FAQs
- What is the issue size of the Divyadhan Recycling Industries SME IPO?The Divyadhan Recycling Industries SME IPO has an issue size of ₹24.17 crore. This includes a fresh issue of 37,76,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Divyadhan Recycling Industries IPO?The price band for the Divyadhan Recycling Industries IPO is ₹60 - ₹64 per share.
- What are the bidding dates for the Divyadhan Recycling Industries IPO?The Divyadhan Recycling Industries IPO will open for bidding on 26 Sep 2024 and close on 30 Sep 2024.
- What is the allotment date for the Divyadhan Recycling Industries IPO?The allotment date for the Divyadhan Recycling Industries IPO is 01 Oct 2024.
- What is the listing date for the Divyadhan Recycling Industries IPO?The listing date for the Divyadhan Recycling Industries IPO is 04 Oct 2024.
- What is the Divyadhan Recycling Industries IPO grey market premium?The grey market premium (GMP) for the Divyadhan Recycling Industries IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.