Divyadhan Recycling Industries IPO

Divyadhan Recycling Industries' IPO offers 37.76 lakh shares worth ₹24.17 Cr to fund capital expenditure and for general corporate purposes.

Important Details

Open Date : September 26, 2024 Close Date : September 30, 2024 Allotment Date: October 1, 2024 Listing Date: October 4, 2024

Important Details

IPO Price: INR 60-64 per share Lot Size: 2000 Shares Total Issue Size: INR 24.17 crores

Fundamental Analysis

Divyadhan Recycling Industries IPO shows mixed performance: 1. Stable Revenues, Improved Profitability. 2. Increasing Equity, Reduced Debt. 3. Declining Turnover. 4. Positive Outlook: Financial health is promising.

Peer Comparison

Divyadhan Recycling: Moderate profit after tax, RoNW: 18.42%,No P/E ratio indicates growth potential. Ganesha Ecosphere: Significantly higher profit, Strong EPS, Lower RoNW: 5.74%.

Objective

1. Primary Objective: Utilize ₹17.03 crores to purchase plant and machinery for the Baddi facility. 2. Remaining Funds: Cover general corporate purposes.

Risks And Challenges

Divyadhan Recycling Industries IPO Risks: Revenue Concentration: Relies heavily on Himachal Pradesh. Customer Dependence: 88% of revenue from PV Fibers LLP. Quality Risks: Inconsistent product quality may harm sales and reputation.