31 Mar 2022
Assets17.68
Total Income59.82
Profit After Tax0.53
NET Worth6.37
Reserves and Surplus1.37
Total Borrowing8.00
At a glance
Updated 2026-08-24The shares listed at ₹84.00, a 31.25% move from the issue price. Divyadhan Recycling Industries is a SME IPO with an issue size of ₹24.17 crore, proposed for listing on NSE SME. The offer opens on 26th Sep 2024 and closes on 30th Sep 2024. The issue structure includes a fresh issue of ₹22.89 crore. The current listing schedule points to 4th Oct 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹24.17 Cr
Fresh issue₹22.89 Cr
Face value₹10
Price band₹60.00–₹64.00
Allotment1st Oct 2024
Listing4th Oct 2024
Listing performance
Full performance ↗Issue price₹64.00
Listing price₹84.00
Current price—
Listing gain31.25%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹64.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Sep 2024
Closes30th Sep 2024
Allotment1st Oct 2024
Refund3rd Oct 2024
Demat3rd Oct 2024
Listing4th Oct 2024
Subscription demand
Full bidding ↗Total40.93×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹128,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| To meet out the Capital Expenditure | ₹17.04 Cr |
| To meet out the General Corporate Purposes; and | ₹3.98 Cr |
Financials
Full financials ↗31 Mar 2023
Assets19.39
Total Income58.16
Profit After Tax2.16
NET Worth8.53
Reserves and Surplus3.53
Total Borrowing5.46
31 Mar 2024
Assets24.12
Total Income59.13
Profit After Tax2.38
NET Worth12.91
Reserves and Surplus7.64
Total Borrowing6.07
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt / Equity | 0.47% |
| RoNW | 18.42% |
| PAT Margin | 4.24% |
| Price to Book Value | 4.9 |
Valuation & shareholding
Pre-IPO EPS2.26
Post-IPO EPS1.66
Pre-IPO P/E28.34
Post-IPO P/E38.5
Promoter holding pre94.06%
Promoter holding post69.24%
Market cap₹91.56 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.50 Cr |
| Escrow Bank Fees | ₹0.01 Cr |
| Registrars to the issue | ₹0.02 Cr |
| Legal Advisors | ₹0.05 Cr |
| Printing and advertising expenses | ₹0.07 Cr |
| Regulators including stock exchanges | ₹0.05 Cr |
| Market Maker Fees | ₹0.06 Cr |
| Others (Fees payable to the marketing and distributing expenses, Selling Commission, Brokerage, Processing Fees, Underwriting Fees, Peer Review Auditors, and other misc. expenses) | ₹2.39 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Narnolia Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.