Divyadhan Recycling Industries IPO Details
The Divyadhan Recycling Industries IPO is a book build issue with a total issue size of ₹24.17 cr, comprising of fresh issue of 3776000 equity shares. Divyadhan Recycling Industries IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. Divyadhan Recycling Industries IPO is set price band at ₹60 to ₹64 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹256,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 01, 2024, and listed on the NSE on Oct 04, 2024.
Skyline Financial Services Private Ltd has been appointed as the registrar. Narnolia Financial Services are the Book Running Lead Manager for the issue.
Before investing in the Divyadhan Recycling Industries IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 60 – 64
- Lot Size
- 2000
- Issue Size
- ₹24.17 Cr
- Minimum Investment
- ₹256000 (4000 Shares)
- Listing Date
- 04 October 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Divyadhan Recycling Industries Limited
Divyadhan Recycling is dedicated to producing recycled polyester staple fiber (R-PSF) and recycled pellets, which are utilized in creating high-quality pillows, cushions, and quilts. These recycled fibers are distributed to various industries, including Packaging, Home Furnishing, and Textiles. The unique hollow structure of the fiber enhances its insulating capabilities, making it appropriate for a broad spectrum of products such as clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials.
Located in Baddi, Himachal Pradesh, Divyadhan Recycling's manufacturing facility has an annual capacity of 8,030 metric tons. The company obtains raw materials (post-consumer PET bottles) from various junk collectors and converts them into Recycled Polyester Staple Fiber and Recycled Pellets at its factory. At present, Divyadhan Recycling is primarily serving non-food industries that require recycled bottles for their packaging needs.
Divyadhan Recycling Industries IPO Promoters
- Mr. Pratik Gupta
- Mr. Varun Gupta
Promoters Holding
Holding Pre Issue
94.06%
Holding Post Issue
69.24%
Divyadhan Recycling Industries IPO Objective
The objects of the Issue are:-
- To meet the Capital Expenditure.
- To meet the General Corporate Purposes; and
- To meet out the Issue Expenses.
Address / Contact Info
Divyadhan Recycling Industries Limited
1803, Lodha Supremus,
Saki Vihar Road, Opp. Telephone Exchange
Powai, Mumbai City - 400072,
Phone: + 91- 8928434702
Email: cs@divyadhan.in
Website: https://divyadhan.in
IPO Snapshot
Divyadhan Recycling Industries IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Narnolia Financial Services
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Divyadhan Recycling Industries IPO is a Book-building IPO with a total issue size of ₹24.17 crore. The Divyadhan Recycling Industries IPO price band is ₹60 to 64 per share. The Divyadhan Recycling Industries IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Divyadhan Recycling Industries IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Divyadhan Recycling Industries IPO.
The Divyadhan Recycling Industries IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
Divyadhan Recycling Industries IPO Price Band is ₹60 to 64 per share.
Divyadhan Recycling Industries IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
The minimum investment for Divyadhan Recycling Industries IPO is ₹256000, based on one lot of 2000 shares at the upper price band of ₹64 per share.
Investors can apply for the Divyadhan Recycling Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Divyadhan Recycling Industries IPO allotment is finalized.
Divyadhan Recycling Industries IPO issue size is ₹24.17 crores.
Divyadhan Recycling Industries IPO allotment date is Wed, Jul 1, 2026.
The registrar for Divyadhan Recycling Industries IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Divyadhan Recycling Industries IPO allotment status, refund processing, and other IPO-related information.
The Divyadhan Recycling Industries IPO GMP (Grey Market Premium) is ₹0 as of Fri, Oct 4, 2024. Based on the upper price band of ₹64 per share, the estimated Divyadhan Recycling Industries IPO listing price is ₹64, indicating a potential listing gain of approximately 0% over the issue price.