Stay updated with the latest on Divyadhan Recycling Industries IPO GMP (Grey Market Premium). We provide live data and key information to help you make informed investment decisions.
Divyadhan Recycling Industries IPO GMP Overview
- IPO Open Date: September 26, 2024
- IPO Close Date: September 30, 2024
- Price Band: ₹60 to ₹64 per share
- Issue Size: ₹24.17 Crores
- Listing Date: October 4, 2024
- Lot Size: Minimum 2000 shares(₹128,000)
Divyadhan Recycling Industries IPO GMP Live Rates
| Dates | IPO GMP |
|---|---|
| October 04, 2024 | ₹- |
| October 03, 2024 | ₹- |
| October 02, 2024 | ₹- |
| October 01, 2024 | ₹- |
| September 30, 2024 | ₹- |
| September 29, 2024 | ₹- |
| September 28, 2024 | ₹- |
| September 27, 2024 | ₹- |
| September 26, 2024 | ₹- |
| September 25, 2024 | ₹- |
| September 24, 2024 | ₹- |
| September 23, 2024 | ₹- |
| September 22, 2024 | ₹- |
| September 21, 2024 | ₹- |
| September 20, 2024 | ₹- |
| September 19, 2024 | ₹- |
IPO Timeline
| Events | Date |
|---|---|
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Basis of Allotment | October 1, 2024 |
| Refunds | October 3, 2024 |
| Credit to Demat Account | October 3, 2024 |
| IPO Listing Date | October 4, 2024 |
About Divyadhan Recycling Industries
Divyadhan Consultants Private Limited was founded in 2010, and in 2013, the current promoters acquired the company in Himachal Pradesh from its original owners as a distressed asset under the SARFAESI Act, 2002, through Axis Bank Limited. In 2023, the company changed its name to Divyadhan Recycling Industries Private Limited, with the Registrar of Companies (ROC) in Mumbai issuing a new Certificate of Incorporation on November 10, 2023.
Following this, the company transitioned into a public entity named Divyadhan Recycling Industries Limited, after shareholders passed a resolution on December 13, 2023. The company received its new Certificate of Incorporation on March 02, 2024. Specializing in producing both hollow and solid recycled polyester staple fiber, Divyadhan is known for the excellent resilience properties of its products, which are widely used in premium pillows, cushions, and quilts. The company supplies these recycled fibers to industries such as packaging, home furnishing, and textiles.
Additionally, Divyadhan ventured into producing recycled pellets, which have applications in automotive, packaging, and fiber industries. Although pellet production is currently in the trial stage, Divyadhan Recycling Industries envisions becoming a leader in the collection, segregation, recycling, and treatment of PET waste. Committed to promoting environmental sustainability, the company aims to set new standards in responsible PET waste management and inspire positive change across industries for the well-being of the planet.
Disclaimer
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