Divyadhan Recycling Industries Limited

IPO Details

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.