IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Divyadhan Recycling Industries IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Recycling sector. Narnolia Financial Services is the merchant banker of Divyadhan Recycling Industries IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th June 2024.
Divyadhan Recycling Industries IPO open date is 26th September 2024 and close date is 30th September 2024. IPO Allotment Date is 1st October 2024 and Listing date is 4th October 2024.Divyadhan Recycling Industries IPO size is Rs 24.17 Cr. crores with IPO price of Rs 64.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Narnolia Financial Services Limited is the book-running lead manager of the Divyadhan Recycling Industries IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Kantilal Chhaganlal Securities Private Limited for Divyadhan Recycling Industries IPO.
Divyadhan Recycling Industries IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 312,000.00 | ₹64.00 | ₹19,968,000.00 |
| Meru Investment Fund | 300,000.00 | ₹64.00 | ₹19,200,000.00 |
| Zeta Global Fund | 158,000.00 | ₹64.00 | ₹10,112,000.00 |
| Kingsman Wealth Fund | 300,000.00 | ₹64.00 | ₹19,200,000.00 |
Divyadhan Recycling Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Divyadhan Recycling Industries IPO, based in Mumbai, operates in the Recycling sector with a focus on manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Divyadhan Recycling Industries IPO size is ₹ 24.17 Cr. Crores with fresh issue size of Rs 24.17 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Divyadhan Recycling Industries IPO is expected to be 1st October 2024, after the finalization of basis of allotment. Investors can check Divyadhan Recycling Industries IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Divyadhan Recycling Industries IPO refund dates are 3rd October 2024.
Divyadhan Recycling Industries IPO is expected to be listed on 4th October 2024.
The upper price band for the Divyadhan Recycling Industries IPO is set at ₹ 64.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Divyadhan Recycling Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Divyadhan Recycling Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th September 2024. After submission, funds are blocked until the basis of allotment of Divyadhan Recycling Industries IPO is finalised.
The merchant banker for Divyadhan Recycling Industries IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Divyadhan Recycling Industries IPO RHP for further details.
The registrar for Divyadhan Recycling Industries IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Divyadhan Recycling Industries IPO through their official website or helpline.
Divyadhan Recycling Industries IPO was subscribed 40.93 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 24.17 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.28 Cr.
Sector: Recycling
SME IPO so far:
3
Merchant Banker:
Narnolia Financial
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 0.56 cr.
PE
Ratio:
38.50x
Average Sector PE Ratio: 20.06x
Divyadhan Recycling Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Divyadhan Recycling Industries Financial Review Page
Merchant Banker(s) of Divyadhan Recycling Industries IPO: Narnolia Financial Services Limited
Divyadhan Recycling Industries IPO subscription was 40.93 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Divyadhan Recycling Industries IPO listed at a listing price of 88.20 against the offer price of 64.00.
The current market price of Divyadhan Recycling Industries is 41.45.
Why Us?
