Divyadhan Recycling Industries Limited IPO has a ₹0 Grey Market Premium as of September 25, 2024, with a price range from ₹60 to ₹64 per share. Offering lots of 2000 shares, the subscription window is open from September 26 to September 30, 2024.
Divyadhan Recycling Industries Limited IPO GMP Today
The Grey Market Premium (GMP) for Divyadhan Recycling Industries Limited is ₹0 as of September 25, 2024. This assessment coincides with a price from ₹60 to ₹64 per share for the IPO.
Divyadhan Recycling Industries Limited IPO Review
Divyadhan Recycling Industries Ltd demonstrates robust financial health with consistent revenue growth and enhanced profitability. Revenue rose from ₹5,777.70 lakhs in 2022 to ₹5,612.99 lakhs in 2024, while profit after tax increased from ₹52.91 lakhs in 2022 to ₹237.80 lakhs in 2024, reflecting the company’s effective business expansion.
The company’s equity strengthened from ₹637.05 lakhs in 2022 to ₹1,291.03 lakhs in 2024, boosting shareholder returns as the diluted EPS grew from ₹0.54 in 2022 to ₹2.41 in 2024. With a healthy balance sheet, an improved current ratio of 1.14, and a debt-equity ratio of 0.47, Divyadhan Recycling Industries showcases strong liquidity and reduced reliance on debt.
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Divyadhan Recycling Industries Limited IPO Date
Divyadhan Recycling Industries Limited will start accepting subscriptions from September 26, 2024, to September 30, 2024.
Divyadhan Recycling Industries Limited IPO Price
Divyadhan Recycling Industries Limited’s price range is from ₹60 to ₹64 per share with a face value of ₹10 each.
Divyadhan Recycling Industries Limited
The company, established in 2018-19, produces recycled polyester staple fibre (R-PSF) and recycled pellets from post-consumer PET bottles at its Baddi, Himachal Pradesh facility with a capacity of 8030 metric tons annually. Its recycled fibre, used in packaging, home furnishings, and textiles, is FSSAI-approved for food packaging under new guidelines issued in June 2022.
How To Apply For Divyadhan Recycling Industries Limited IPO?
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1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
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3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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