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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Avax Apparels & Ornaments Limited, TechEra Engineering Limited, Unilex Colours & Chemicals Limited, Thinking Hats Entertainment Solutions Limited, KRN Heat Exchanger Refrigerator Limited, Divyadhan Recycling Industries Limited, Archit Nuwood Industries Limited.

The current active IPO is WOL 3D India Limited, Rappid Valves (India) Limited, Manba Finance Limited, Avi Ansh Textiles Limited, Phoenix Overseas Limited, BikeWo GreenTech Limited, SD Retail Limited.

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About Divyadhan Recycling Industries Limited

Divyadhan Recycling Industries is into the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. The company started its operations in the financial year 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their manufacturing facility based in Baddi, Himachal Pradesh. However, the company is in the trial stage of manufacturing the recycled pellets.

They produce Hollow and Solid Recycled Polyester Staple Fibre, which gives good resilience properties and is used to make premium pillows, cushions and quilts. The recycled fibre is supplied to various industries such as Packaging, home furnishing and Textiles. Its hollow structure adds to its insulating properties, making it suitable for use in a wide range of products including clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials. The recycled pellets are used to manufacture food grade and non-food grade bottles. FSSAI has issued latest instructions dated June 15, 2022, for acceptance criteria for recycled PET for food packaging. Further, they are currently catering to non-food industries requiring recycled bottles for their packaging.

Indian Polyester Fibre Industry
India Polyester Staple Fibre Market has reached USD1.54 billion by 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.25% through 2029. Polyester Staple Fibre (PSF) is extensively used in spinning and other textile applications due to its durability, cost-effectiveness, and versatility. In the Indian PSF market, there are two main categories: solid and hollow products. Solid PSF is widely popular in traditional textile manufacturing, known for its strength and resilience. On the other hand, hollow PSF is gaining traction for its unique properties such as lightweightness and excellent insulation. 

However, the widespread use of synthetic fibers like polyester has raised environmental concerns. These fibers are non-biodegradable, posing a significant threat to our ecosystems. To address this issue, the industry must focus on innovation and invest in recycling technologies to ensure the sustainability of PSF production. By adopting these recycling methods, we can minimize the environmental impact and promote a circular economy.

Looking ahead, the future of the Indian PSF market appears promising. The market is expected to witness substantial growth due to rising consumer demand and advancements in manufacturing technologies. Additionally, the growing emphasis on sustainable fashion and the development of recycled PSF present exciting new avenues for growth and expansion. As the industry continues to evolve, it is crucial to prioritize sustainability and explore eco-friendly alternatives to meet the demands of both consumers and the environment.

Polyester Staple Fibre (PSF) is a versatile material derived primarily from raw materials such as Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG). The prices of these commodities have experienced significant fluctuations, introducing a level of instability in the PSF market. 

The market's uncertainties are further compounded by the volatility of upstream MEG, which is anticipated to contribute to increased price fluctuations in the upcoming quarters. This unpredictability not only affects production costs but also poses challenges for manufacturers in accurately forecasting their operational expenses. Consequently, such unpredictability can potentially impede the market's growth in the years to come. Additionally, the PSF market faces additional challenges in the form of alternative fibres like nylon. Unlike PSF, these alternative fibres are less affected by price volatility. This disparity in price stability could potentially lead to a shift in consumer preference, thereby impacting the market for PSF. 

To summarize, while the Indian Polyester Staple Fibre market exhibits significant potential, the volatility in raw material prices remains a prominent challenge. In order to ensure sustainability and foster growth, it is crucial for stakeholders within the industry to devise effective strategies that mitigate the adverse impact of this volatility and navigate through these uncertain market conditions. By doing so, they can position themselves for success and capitalize on the market's opportunities.

Based on the category of product, the solid segment emerged as the dominant player in the Indian market for Polyester Staple Fibre in 2023. Solid Polyester Staple Fibre (PSF) finds ubiquitous use across a wide array of industries, including automotive, textiles, and furniture. Its versatility is one of the key reasons why it dominates the market. Solid PSF is used in various applications ranging from apparel manufacturing to home furnishings due to its high resilience, excellent bulkiness, good insulation properties, and easy blendability with other fibres. 

In the automotive industry, solid PSF is utilized in the production of car seats, carpets, and interior fabrics, providing durability and comfort to passengers. In the textile industry, it is commonly used to create garments, upholstery, and bedding, offering a soft and luxurious feel. Additionally, in the furniture industry, solid PSF is employed to make cushions, pillows, and mattresses, ensuring optimal support and longevity. 

Moreover, solid PSF is not only versatile but also cost-effective, further enhancing its appeal. The production process for solid PSF is relatively straightforward and less expensive compared to other types of fibres. This costeffectiveness translates into lower prices for the end consumer, making solid PSF a preferred choice for many manufacturers. 
Overall, the exceptional attributes and wide-ranging applications of solid PSF make it an indispensable material in various industries, catering to the needs of both manufacturers and consumers alike.

West India emerged as the dominant player in the India Polyester Staple Fibre Market in 2023, holding the largest market share in terms of value. In West India, particularly in states like Maharashtra and Gujarat, there exists a thriving and robust textile industry. This industry stands as one of the largest consumers of PSF (polyester staple fibre) in the country. The region boasts some of the biggest textile mills, which not only contribute significantly to the demand for PSF but also play a vital role in shaping the overall textile and apparel sector. 

The strategic geographical location of West India also adds to its dominance in the PSF market. Situated along the western coastline, this region enjoys the advantage of easy importation of raw materials and seamless exportation of finished goods. This accessibility gives a competitive edge to manufacturers based in this area, propelling their growth and success in the industry. 

With its well-established textile industry, thriving apparel sector, and strategic location, West India continues to be a major player in the demand for polyester staple fibre.

DIVYADHAN RECYCLING INDUSTRIES LIMITED COMPETITIVE STRENGTHS
1. Own Manufacturing facilities
2. Experienced management and Promoter
3. Small order size help in getting more orders from small scale buyers
4. Established relationship with customers

DIVYADHAN RECYCLING INDUSTRIES LIMITED STRATEGIES
1. To increase their manufacturing capacity by purchase of plant and machineries
2. Capitalize the opportunity in the Recycled polyester Fiber and Pellets Industry
3. Focus on consistently meeting quality standards
4. Customer Acquisition

DIVYADHAN RECYCLING INDUSTRIES LIMITED RISK FACTORS & CONCERNS
1. Majority of their state wise revenues from operations for the last 3 years is majorly derived from Himachal Pradesh.
2. The company is dependent on one of its customers named PV Fibers LLP, who contributes significant portion of revenue of the company during the last 3 financial years and stub period.
3. The Company derive signification portion of revenue from Recycled PET Fiber and any reduction in the sale of such products could have an adverse the business, result of operations and financial condition.
4. The Company’s operation and growth is dependent upon successful implementation of the business strategies.