Divyadhan Recycling Industries Limited
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Divyadhan Recycling Industries Limited's completed its IPO journey with a successful listing on NSE on Oct 04, 2024. The public offering mobilized 37,76,000 Shares in total capital, comprising 37,76,000 Shares in fresh equity.
The offering was conducted within the price band of ₹60 to ₹64, with minimum application lots of 2000 shares. Investor participation during the Sep 26, 2024 to Sep 30, 2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on Oct 01, 2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Divyadhan Recycling Industries Limited, established in May 2010, is dedicated to producing recycled materials in an eco-friendly way. The company specializes in making Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets from used PET bottles, like those from beverages. Certified for quality (ISO 9001:2015) and environmental management (ISO 14001:2015), Divyadhan focuses on both sustainability and high standards. Its manufacturing unit in Kalyanpur, Baddi, Himachal Pradesh, has an annual production capacity of 8,030 metric tons for fibre and 4,320 metric tons for pellets. As of August 31, 2024, the company had about 83 employees working across different departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Sustainable Approach: Recycling PET bottles helps the business stay eco-friendly while ensuring a steady supply of materials for the future.
- Eco-Friendly Commitment: The company follows ISO 14001:2015 standards, showing its dedication to green and responsible manufacturing.
- Customer Trust: Building good relationships with customers creates trust and supports steady business growth.
Leased Office Space: Since the company doesn't own its registered office, any unexpected move could affect business operations.
Legal Issues: If the promoters are involved in legal cases, it could lead to fines or harm the company’s reputation.
Revenue Dependence: A large share of the company’s income comes from Himachal Pradesh, so any negative changes there could impact the business.
- Mr. Pratik Gupta
- Mr. Varun Gupta
Divyadhan Recycling Industries Limited
Skyline Financial Services Private Limited