Divyadhan Recycling Industries’ IPO is a book-built issue worth Rs 24.17 crores. The entire issue consists of a fresh offering of 37.76 lakh shares.
The subscription for the Divyadhan Recycling Industries IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment of shares is expected to be finalized on Tuesday, October 1, 2024. The company plans to list on the NSE SME, with a tentative listing date set for Friday, October 4, 2024.
Divyadhan Recycling Industries Limited operates in the recycling and manufacturing sector. The company specializes in producing Recycled Polyester Staple Fibre (R-PSF) and recycled pellets from post-consumer PET bottles. These products are used in various industries, including packaging, home furnishing, and textiles.
The price band for the Divyadhan Recycling Industries IPO is set between ₹60 and ₹64 per share. Investors must apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹128,000 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (4,000 shares), amounting to ₹256,000.
Narnolia Financial Services Ltd is the book-running lead manager for the Divyadhan Recycling Industries IPO, while Skyline Financial Services Private Ltd is the registrar. The market maker for the IPO is Kantilal Chhaganlal Securities.
Divyadhan Recycling Industries IPO Details:
| Company Name | Divyadhan Recycling Industries Limited |
| Sector | Recycling and Manufacturing |
| IPO Type | SME |
| IPO Open date | 26th Sep 2024 |
| IPO Close date | 30th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Divyadhan Recycling Industries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,28,000 |
| HNI (Min) | 2 | 4000 | 2,56,000 |
Divyadhan Recycling Industries IPO Timeline:
| IPO Open Date | 26th Sep 2024 |
| IPO Close Date | 30th Sep 2024 |
| Basis of Allotment | 01st Oct 2024 |
| Refund Initiation Date | 03rd Oct 2024 |
| Shares Credit to Demat | 03rd Oct 2024 |
| Listing Date | 04th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Divyadhan Recycling Industries’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Recycling and Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Divyadhan Recycling Industries and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
