IPO Details

Divyadhan Recycling Industries Ltd
Registered Office: 1803 Lodha Supremus Saki Vihar,-Road Opp. Telephone.Exg Powai,Mumbai-400072, Maharashtra
Tel. No: +91 89284 34702
Fax No:
Email: cs@divyadhan.in
Website: www.divyadhan.in
Initial public offering up to 37,76,000 equity shares of Rs. 10/- each ("Equity Shares") of Divyadhan Recycling Industries Limited ("DRIL" or the "Company") for cash at a price of Rs. 64/- per equity share (the "Issue Price"), aggregating to Rs. 24.17 crores ("The Issue"). Out of the issue, 2,00,000 equity shares aggregating to Rs. 1.28 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 35,76,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 64/- per equity share aggregating to Rs. 22.89 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.39% and 25.00%, respectively of the post issue paid up equity share capital of the company.

	Issue	Money Payable On
Opens On	Closes On	Application	Allotment
26-Sep-2024	30-Sep-2024	₹64.00 - 0.00	₹0.00 - 0.00

Minimum Application for shares in Nos : 2000	Further Multiples of : 2000

	(₹ Cr)	Lead Managers to the Issue
Project Cost	0.00	Narnolia Financial Services Ltd
Project Financed through Current Offer	24.17
Post Issue Equity Share Capital	14.31
Issue Price	64.00

Projects
Purchase of Plant and Machinery
General Corporate Purposes

Promoted By
Pratik Gupta
Varun Gupta

Listing At
NSE - SME

Registrar To The Issue
Skyline Financial Services Pvt