Divyadhan Recycling Industries IPO Allotment: Ipo Gmp Stand at 64 (0.0%

Divyadhan Recycling Industries IPO Allotment is expected to be finalized on Tuesday, October 1, It was oversubscribed 41 times during its three-day subscription window from September 26 to September 30. This initial public offering consisted entirely of a fresh issue of 37.76 lakh shares, amounting to ₹24.17 crore. The shares of Divyadhan Recycling Industries Ltd are set to be listed on the NSE SME platform Emerge on October 4.

Allotment Status Announcement

The allotment of shares for the Divyadhan Recycling Industries IPO is expected to be finalized on Tuesday, October 1, following a strong demand during the public offering. The IPO was well-received, with investors applying for a total of 10.27 crore shares against the 25.06 lakh shares available.

Subscription Breakdown

• Retail Segment: Oversubscribed 32.43 times, with 4.06 crore shares applied for compared to the 12.52 lakh shares allocated.
• Non-Institutional Investors (NIIs): Oversubscribed 76.4 times, with 4.11 crore shares bid for against the 5.38 lakh shares available.

How to Check Allotment Status

Investors awaiting the Divyadhan Recycling Industries IPO allotment can check their status online via the NSE and the registrar, Skyline Financial Services Private Ltd. Here’s how:

On Skyline Financial Services Website:

1. Visit the Skyline Financial Services website.
2. Select “Divyadhan Recycling Industries” from the dropdown menu under the “Check Application Status” section.
3. Choose one of the options: DP ID/Client ID, Application Number, or PAN.
4. Enter the relevant details based on your selection.
5. Click the “Search” button to view your allotment status.

On NSE Website:

1. Navigate to the NSE IPO allotment status page (NSE IPO Status).
2. Log in with your username and password. Register if you don’t have an account.
3. Select “Divyadhan Recycling Industries” from the dropdown menu under Issue Name.
4. Verify your PAN and enter your IPO Application Number.
5. Click the “Submit” button to view your allotment details.

IPO Objectives

Divyadhan Recycling Industries plans to utilize the proceeds from the IPO for capital expenditure and general corporate purposes, as well as to cover issue-related expenses.

Key IPO Details

• Total Issue Size: 37.76 lakh shares valued at ₹24.17 crore.
• Price Band: Set at ₹60 to ₹54 per share.
• Minimum Lot Size: 2,000 shares, requiring a minimum investment of ₹1,28,000 for retail investors.

Manager and Market Maker

Narnolia Financial Services Limited served as the book-running lead manager for the IPO, while Kantilal Chhaganlal Securities acted as the market maker.

Refunds and Share Transfer

Refunds for non-allottees will be processed on October 3, with shares transferred to successful bidders’ accounts on the same day. Divyadhan Recycling Industries shares are expected to debut on the NSE SME platform Emerge on October 4.

About Divyadhan Recycling Industries Limited

Incorporated in May 2010, Divyadhan Recycling Industries Limited specializes in manufacturing Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. The company’s manufacturing facility, located in Solan, Himachal Pradesh, has an annual capacity of 8,030 metric tonnes for fibre and 4,320 metric tonnes for pellets.