Divyadhan Recycling Industries IPO – On October 4, after listing at Rs 84, shares of Divyadhan Recycling Industries saw a strong start to the stock market. This is a 31.25 percent premium over the share price that was issued on the NSE SME platform, which was Rs 64. In the gray market, where shares were not trading at a premium, the listing profits have exceeded estimates. Shares trade in the grey market, an unofficial ecosystem, well in advance of the offer’s subscription opening and continue to do so until the listing day.
Divyadhan Recycling Industries IPO Details
| IPO Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,776,000 shares
(aggregating up to ₹24.17 Cr) |
| Fresh Issue | 3,776,000 shares
(aggregating up to ₹24.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Divyadhan Recycling Industries Financials
The profit after tax (PAT) of Divyadhan Recycling Industries Limited climbed by 10% and its sales by 2% during the fiscal year that ended on March 31, 2024, and March 31, 2023.
| FY 2024 | |
| Assets | 2,412.11 |
| Revenue | 5,912.88 |
| Profit After Tax | 237.8 |
| Net Worth | 1,291.03 |
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
How to check Divyadhan Recycling IPO Allotment Status?
- Go to BSEIndia.com, the NSE’s IPO allotment page.
- From the drop-down menu bar, choose “Divyadhan Recycling” as the IPO name.
- Choose a choice amongst the DP ID, Application, or PAN number options.
- Add a PAN, application, or demat account number according on your choice.
- Press the “Search” button. Verify your allowance on the desktop or mobile device.
About the Company – Divyadhan Recycling Industries
Divyadhan Consultants Private Limited was founded in 2010 and 2013. The company’s current promoters bought it from its founding founders in Himachal Pradesh and from Axis Bank Limited as a distressed asset under the terms of the SARFAESI Act, 2002. The firm also changed its name in 2023 from Divyadhan Consultants Private Limited to Divyadhan Recycling Industries Private Limited. As a result, on November 10, 2023, the ROC, Mumbai, issued a Certificate of Incorporation for the new company.
