A Sustainable Investment Opportunity

 Divyadhan Recycling Industries Limited is set to launch its much-awaited Initial Public Offering (IPO), aiming to raise ₹24.17 crores through a fully fresh issue of 37.76 lakh equity shares. The IPO will be open for subscription from September 26, 2024, to September 30, 2024. Investors can expect the allotment of shares to be finalized by October 1, 2024, with the shares listing on the NSE SME platform on October 4, 2024. 

  Key Details of Divyadhan Recycling Industries IPO:

• IPO Price Band: ₹60 to ₹64 per share
• Minimum Lot Size (Retail): 2,000 shares
• Minimum Investment (Retail): ₹128,000
• Minimum Investment (HNI): 4,000 shares (2 lots), requiring ₹256,000
• Total Issue Size: 37.76 lakh shares, aggregating to ₹24.17 crores
• Issue Type: Book Built Issue IPO
• Face Value: ₹10 per share
• Pre-Issue Shareholding: 10,530,714 shares
• Post-Issue Shareholding: 14,306,714 shares
• Market Maker Portion: 2,00,000 shares (managed by Kantilal Chhaganlal Securities)

Divyadhan Recycling Industries IPO Timeline:

• IPO Open Date: Thursday, September 26, 2024
• IPO Close Date: Monday, September 30, 2024
• Basis of Allotment: Tuesday, October 1, 2024
• Refund Initiation: Thursday, October 3, 2024
• Credit of Shares to Demat Accounts: Thursday, October 3, 2024
• Listing Date: Friday, October 4, 2024
• UPI Mandate Confirmation: By 5 PM on September 30, 2024

This IPO offers investors a chance to invest in a growing company within the recycling sector, playing a key role in sustainable development. 

  About Divyadhan Recycling Industries Limited 

 Founded in May 2010, Divyadhan Recycling Industries Limited is committed to promoting sustainability through the production of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company specializes in converting post-consumer PET bottles into valuable materials, helping to reduce plastic waste and contributing to environmental sustainability.

 The company operates in two primary areas:

1. Recycled Fiber: Produces Recycled Polyester Staple Fiber (R-PSF) from post-consumer PET bottles (commonly used for beverages).
2. Recycled Pellets/Chips: Manufactures recycled pellets from PET bottles, serving as raw materials for various industries.

Manufacturing Capabilities:

Located in Kalyanpur village, Himachal Pradesh, the company boasts a production capacity of 8,030 metric tons per annum for recycled fiber and 4,320 metric tons per annum for recycled pellets. 

 With a dedicated workforce of 83 employees, Divyadhan Recycling is at the forefront of the circular economy movement, supporting environmentally sustainable practices in the recycling industry.

  Divyadhan Recycling Industries Financial Overview:

Over the past few years, Divyadhan Recycling Industries Limited has shown impressive financial growth, with a consistent increase in both revenue and profits.

Key Highlights:

• Revenue Growth: A modest increase in revenue from ₹5,815.51 lakhs in FY 2023 to ₹5,912.88 lakhs in FY 2024.
• Profit After Tax (PAT): A notable rise of 10% in PAT from ₹216.18 lakhs in FY 2023 to ₹237.80 lakhs in FY 2024.
• Net Worth: A significant increase in net worth, reflecting strong financial health.
• Reserves & Surplus: Substantial growth in reserves, indicating financial stability.

Objects of the Divyadhan Recycling IPO: 

 The proceeds from this IPO will be used for:

1. Capital Expenditure: To enhance the company's production capacity and improve operational efficiency.
2. General Corporate Purposes: To meet various operational needs and ensure the company’s long-term growth.
3. IPO-related Expenses: To cover the costs associated with the public offering.

These objectives highlight Divyadhan's commitment to expanding its operations and solidifying its position in the recycling industry. 

  Conclusion: 

 The Divyadhan Recycling Industries Limited IPO offers an excellent opportunity for investors to tap into the recycling industry, which is not only growing but also vital for sustainable development. As the company looks to expand its production and operational capabilities, this IPO represents a timely investment for those looking to support environmentally conscious businesses.

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