Divyadhan Recycling Industries Limited IPO GMP

DRIL was formed by executives from textiles industry with experience in Yarn spinning and home textiles. The vision was set up a state of the art manufacturing unit which would adhere to the highest quality parameters which was missing from the Indian recycled market. Since, DRIL has established itself as the premium Indian supplier for Fiber for Fiber-fill and Carpet yarn applications. 

DRIL, an Book Built Issue amounting to ₹24.16 Crores, consisting entirely an Fresh Issue of 37.76 Lakh Shares. The subscription period for the dril IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment is expected to be finalized on or about Tuesday, October 01, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, October 04, 2024.

The Share price band of DRIL IPO is set at ₹60 to ₹64 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹1,28,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹2,56,000.

NARNOLIA FINANCIAL SERVICES LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. Kantilal Chhaganlal Securities Private Limited is the Market Maker for the DRIL.

Divyadhan Recycling Industries Limited IPO GMP Today
The Grey Market Premium of Divyadhan Recycling Industries Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Divyadhan Recycling Industries Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:47 PM on 30 September 2024, the Divyadhan Recycling Industries Limited IPO live subscription status shows that the IPO subscribed 37.97 times on Third day of subscription period. Check the Divyadhan Recycling Industries Limited IPO Live Subscription Status Today at NSE.

Divyadhan Recycling Industries Limited IPO Anchor Investors Report
Divyadhan Reccling Industries has raised ₹6.84 Crore from Anchor Investors at a price of ₹64 per shares in consultation of the Book Running Lead Managers. The company allocated 10,70,000 equity shares to the Anchor Investors. Check Full list of Divyadhan Recycling Industries Anchor Investors List

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Divyadhan Recycling Industries Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
DRIL IPO allotment date is 01 October, 2024, Tuesday. DRIL IPO Allotment will be out on 1st October 2024 and will be live on Registrar Website from the allotment date. Check Divyadhan Recycling Industries Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Divyadhan Recycling Industries Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Divyadhan Recycling Industries Limited IPO
DRIL Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹ 1,703.71 Lakhs will be used to meet out the Capital Expenditure. 
2. To meet out the General Corporate Purposes; and 
3. To meet out the Issue Expenses.

Refer to Divyadhan Recycling Industries Limited RHP for more details about the Company.