Divyadhan Recycling IPO subscription status started on September 26, 2024, and closed on September 30, 2024. The company aims to raise approximately ₹24.17 crore via this IPO. The retail quota is 35%, and QBI is 50%. The price band is ₹60 to ₹64 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹128,000. Divyadhan Recycling is an SME IPO that will be listed on the NSE.
Also read: Divyadhan Recycling Industries IPO: Dates, Pricing, Allotment 2024
Table of contents
About Company
Divyadhan Consultants Private Limited was originally founded in 2010. In 2013, the current promoters acquired the company in Himachal Pradesh as a distressed asset under the SARFAESI Act, 2002, through Axis Bank Limited. In 2023, the company changed its name to Divyadhan Recycling Industries Private Limited, receiving a new Certificate of Incorporation from the Registrar of Companies (ROC) in Mumbai on November 10, 2023.
Following this, the company transitioned into a public entity named Divyadhan Recycling Industries Limited, as the shareholders passed a resolution on December 13, 2023. Moreover, The Registrar issued a new Certificate of Incorporation on March 02, 2024. The company specializes in producing both hollow and solid recycled polyester staple fiber, known for its excellent resilience properties, which are widely used in premium pillows, cushions, and quilts. Divyadhan Recycling supplies these recycled fibers to various industries, including packaging, home furnishing, and textiles.
Additionally, the company has ventured into producing recycled pellets for applications across industries such as automotive, packaging, and fiber. Although the production of these pellets is currently in the trial stage, Divyadhan Recycling Industries pursues a clear vision for the future. The company aims to lead in the collection, segregation, recycling, and treatment of PET waste, promoting environmental sustainability. Its mission is to set new standards in responsible PET waste management while inspiring positive change across industries for the well-being of the planet.
IPOGMP.IN View
We therefore advise investors to consider applying for the IPO with a long-term perspective. Furthermore, it is essential for investors to review the QIB, NII, and retail participation figures before making an investment decision.
Divyadhan Recycling IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.86 | 1.87 | 29.39 |
| NII | 0.64 | 1.70 | 76.03 |
| RII | 3.42 | 7.99 | 32.43 |
| Total | 2.38 | 4.89 | 40.93 |
Divyadhan Recycling IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Divyadhan Recycling
- May Apply
Divyadhan Recycling IPO Form
To apply for the Divyadhan Recycling IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription for Divyadhan Recycling starts on September 26, 2024, for QIB, NII, and retail investors.
Additionally, Investors can choose ASBA or non-ASBA options. Log into your bank account to apply online via ASBA, or download and submit the application form to your broker or bank.
Additionally, Check live IPO subscription numbers on our portal, which are updated hourly, or visit the official IPO page.
Firstly, Log in to the Zerodha Console or app, select the “Divyadhan Recycling” IPO, click the Bid button, enter your details, and submit. Finally, approve the mandate via your UPI app.
Log in to the Upstox app, select the “Divyadhan Recycling” IPO, click the Bid button, and confirm your application. Then, approve the mandate using your UPI app.
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