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IPO Synopsis

Divyadhan Recycling Industries Ltd
  • Registered Office: 1803 Lodha Supremus Saki Vihar,-Road Opp. Telephone.Exg Powai, Mumbai - 400072, Maharashtra, India.
  • Phone : +91 89284 34702   Fax:
  • 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
Opens On Closes On
26-Sep-24 30-Sep-24
Money Payable On
Application Allotment
64.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Narnolia Financial Services Ltd
Project Financed through Current Offer (.Cr) 24.17  
Post Issue Equity Share Capital (.Cr) 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
No Data Available
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