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Divyadhan Recycling Industries Ltd

Registered Office : 1803 Lodha Supremus Saki Vihar,-Road Opp. Telephone.Exg Powai,Mumbai Maharashtra 400072 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-2024

30-Sep-2024

Money Payable On

Application

Allotment

64.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

24.17

14.31

64.00

Narnolia Financial Services Ltd

Projects

Purchase of Plant and Machinery

General Corporate Purposes

Promoted By

Pratik Gupta

Varun Gupta

Listing At

NSE - SME

Registrar to the Issue

Skyline Financial Services Pvt