Divyadhan Recycling Industries Limited

26 Sep 2024 - 30 Sep 2024 Individual Category SME NSE

Min Investment

₹240000

Price Band

₹60-₹64

Issue Size

27.06 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
img

26 Sep 2024

Open Date

img

30 Sep 2024

Close Date

img

01 Oct 2024

Allotment Date

img

04 Oct 2024

Listing Date

Divyadhan Recycling Industries is open for subscription from Thursday, September 26, 2024, and closes on Monday, September 30, 2024. The price band for this IPO is set at Rs 60 – Rs 64 per share. Divyadhan Recycling Industries' IPO is offering a fresh issue of 37.76 lakh equity shares worth up to Rs 24.17 crore. The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024. The listing of this IPO will be done on Friday, October 4, 2024, at the NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 128,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 256,000. The IPO is managed by Narnolia Financial Services Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.

Know Before Investing

Strengths icon

Weaknesses icon

About Divyadhan Recycling Industries Limited

Divyadhan Recycling Industries Limited is an incorporated company in May 2010. The company primarily produces Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. Business segments include recycled fibre gathered from post-consumer PET bottles and recycled pellets from the same material. These two products lead to sustainable manufacturing and environmental conservation. With a production unit at Village Kalyanpur, Tehsil Baddi, Himachal Pradesh, Divyadhan has an annual capacity of 8,030 metric tons for fibre and 4,320 metric tons for pellets. The Company is ISO 9001:2015 certified for Quality Management and ISO 14001:2015 certified for Environmental Management and as of August 31, 2024, it has about 83 employees.

Founded

2010

Managing Director

Mr. Pratik Gupta and Mr. Varun Gupta

Parent Organization

IPO Objectives

The objectives of the issue are to meet capital expenditure requirements, address general corporate purposes, and cover Issue-related expenses.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account