Divyadhan Recycling Industries Limited IPO Review
Neutral64-64 · SME
✦
Analyst Verdict
Divyadhan Recycling Industries Limited IPO
Neutral
IPO at a Glance
Price Band
64-64
Issue Size
24cr
Min. Investment
₹1,28,000
Opens
2024-09-24
Closes
2024-09-28
Listing
2024-10-02
Category
SME
Key Strengths
✓Focus on recycling PET bottles and contributing to environmental conservation.
✓It operates in the expanding recycled polyester market, which has demand globally.
✓It Offers both recycled polyester staple fibre and pellets, catering to diverse industries.
✓The company is led by experienced promoters and management, ensuring sound business strategies.
Key Risks
⚠Relies heavily on the availability of post-consumer PET bottles as raw material.
⚠The majority of the state-wise revenues from operations come only from Himachal Pradesh.
⚠Approximately 80% of revenue from operations comes from one customer.
⚠Certain corporate regulatory filings and records are not traceable as the relevant information is unavailable in the company’s records or on the Ministry of Corporate Affairs’ online portal.
Frequently Asked Questions
Should I apply for Divyadhan Recycling Industries Limited IPO?
Based on our analysis, our rating for Divyadhan Recycling Industries Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Divyadhan Recycling Industries Limited IPO?
Relies heavily on the availability of post-consumer PET bottles as raw material. The majority of the state-wise revenues from operations come only from Himachal Pradesh. Approximately 80% of revenue from operations comes from one customer.
What are the strengths of Divyadhan Recycling Industries Limited IPO?
Focus on recycling PET bottles and contributing to environmental conservation. It operates in the expanding recycled polyester market, which has demand globally. It Offers both recycled polyester staple fibre and pellets, catering to diverse industries.
What is the price band of Divyadhan Recycling Industries Limited IPO?
The price band for Divyadhan Recycling Industries Limited IPO is 64-64. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more