Divyadhan Recycling Industries Limited

Company Name	Divyadhan Recycling Industries Limited
Open Date	26-09-2024
Close Date	30-09-2024
Exchange	NSE SME
Lot Size	2,000 Shares
Issue Price	₹60 to ₹64 per share
Issue Size	3,776,000 shares
Application Amount	₹ 1,31,200 (1,600 shares)
Recommendation	Apply

Divyadhan Recycling Industries Limited was originally incorporated in the year 2010. The registered office is located at Mumbai City, Maharashtra, India. ▪ Business Model: The company is into the business of manufacturing of Recycled Polyester Staple Fibre (RPSF) and Recycled Pellets. ▪ Geographical Presence: The company generates revenue and operates from 11 states of India. ▪ The company had 83 fulltime employees as of August 31, 2024

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Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24
Revenue	5,777.70	5,733.83	5,612.99
EBITDA	85.83	424.99	270.30
Net Profit	52.93	216.19	237.80
RoCE	-4.90%	24.03%	6.84%
ROE	8.31%	25.34%	18.42%
P/E	118.52	29.09	26.56

Tentative Timeline

Opening Date	26-09-2024
Closing Date	30-09-2024
Basis of Allotment	01-10-2024
Initiation of Refunds	03-10-2024
Credit of Shares to Demat	03-10-2024
Listing Date	04-10-2024

Objects of the Issue

Funding capital expenditure of the Company

Issue Expenses

General Corporate Purposes

Contact Information

Registered Office	Divyadhan Recycling Industries Limited 1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange Powai, Mumbai City - 400072
Phone	+ 91- 8928434702
Email	cs@divyadhan.in
Website	http://www.divydhan.in/

IPO Reservation

Anchor Investor Shares Offered	10,70,000 (28.34%)
Market Maker Shares Offered	2,00,000 (5.3%)
QIB Shares Offered	7,16,000 (18.96%)
NII (HNI) Shares Offered	5,38,000 (14.25%)
Retail Shares Offered	12,52,000 (33.16%)
Total Shares Offered	37,76,000 (100%)

Shareholding Pattern

Shareholding Pre Issue (Promoters)	94.06%
Shareholding Post Issue (Promoters)	69.24%