Divyadhan Recycling Industries Limited IPO
Divyadhan Recycling Industries Limited IPO
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Divyadhan Recycling Industries Limited's completed its IPO journey with a successful listing on NSE on 04-10-2024. 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 26-09-2024 to 30-09-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 01-10-2024, 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 IPO About Company
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."
Divyadhan Recycling IPO Strength Factors
- 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.
Divyadhan Recycling IPO Risk Factors
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.
Divyadhan Recycling IPO Lead Manager(s)
- Narnolia Financial Services Limited
Divyadhan Recycling IPO Promoter(s)
- Mr. Pratik Gupta
- Mr. Varun Gupta
Divyadhan Recycling IPO FAQs
Divyadhan Recycling Industries Limited IPO subscribed 41.04 times. The public issue subscribed 32.49 times in the retail category,29.39times in QIB, and -- times in the HNI (10+) category byMarch 1, 2025 10:38:06 AM (Day 1).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Divyadhan Recycling IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Divyadhan Recycling IPO FAQs
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