Detailed Thread on Divyadhan Recycling♻️🧐
#Divyadhanrecycling #IPO
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#Divyadhanrecycling #IPO
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COMPANY OVERVIEW
• The company, incorporated in 2010, is engaged in the business of manufacture of Recycled Polyester Staple Fibre for home furnishing and Recycled Pellets.
• The company, incorporated in 2010, is engaged in the business of manufacture of Recycled Polyester Staple Fibre for home furnishing and Recycled Pellets.
• The recycled fibers are used in industries like packaging and textiles while Recycled pellets have application in automotive, packaging and fiber industries.
REVENUE SPLIT
BUSINESS SEGMENT
They deal in the B2B segment.
They deal in the B2B segment.
BUSINESS PROCESS
• Company gets its raw material i.e clear PET bottles from junk collectors and recycle them into Recycled fiber and pellets. The manufacturing process for both is almost similar, and can be visualized below.
• Company gets its raw material i.e clear PET bottles from junk collectors and recycle them into Recycled fiber and pellets. The manufacturing process for both is almost similar, and can be visualized below.
CAPACITY
• They began manufacturing Recycled Pellets in Nov 23 and it is currently in the trial phase.
• They began manufacturing Recycled Pellets in Nov 23 and it is currently in the trial phase.
FINANCIALS
FUTURE OUTLOOK
• They are expanding operations by purchasing new machines. These machines will be used for both the verticals & will upgrade the existing washline from 1MT to 3MT per hour. For this they will utilise ₹17.03 Cr of Net proceeds.
• They are expanding operations by purchasing new machines. These machines will be used for both the verticals & will upgrade the existing washline from 1MT to 3MT per hour. For this they will utilise ₹17.03 Cr of Net proceeds.
•They will focus on customer acquisition through strategies like customer feedback and improving product quality.
RISK
• Though they have presence in 11 Indian states, majority of the revenue is derived from Himachal Pradesh which puts them at high concentration risk
• Though they have presence in 11 Indian states, majority of the revenue is derived from Himachal Pradesh which puts them at high concentration risk
• Their business requires working capital regularly and to run their business smoothly, they take short term loans in ordinary course of business which depends upon various factors including interest rates.
• Their top 10 customers contribute the majority to their revenue of which their 1 customer :PV Fibers LLP contributes around 75-80% towards their revenue.
IPO DETAILS
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