Divyadhan Recycling Industries
Listed
Listed
IPO Timeline
Issue open date
26 Sep 2024Issue close date
30 Sep 2024UPI mandate deadline
30 Sep 2024Allotment finalization
1 Oct 2024Refund initiation
3 Oct 2024Share credit
3 Oct 2024Listing date
4 Oct 2024Mandate end date
15 Oct 2024Lock-in end date for anchor investors (50%)
30 Oct 2024Lock-in end date for anchor investors (remaining)
29 Dec 2024Key Dates
Open
26 Sep 2024Close
30 Sep 2024Listing
4 Oct 2024Quick Stats
Issue Size:24cr
Lot Size:2000 shares
About the Company
Divyadhan Recycling Industries Limited (DRIL) was established in 2010. It manufactures Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. The company’s primary raw material is recycled post-consumer PET bottles. DRIL began operations in the financial year 2018-19. The company aims to contribute to environmental sustainability by reducing plastic waste through recycling.
Strengths
- Focus on recycling PET bottles and contributing to environmental conservation.
- It operates in the expanding recycled polyester market, which has demand globally.
- It Offers both recycled polyester staple fibre and pellets, catering to diverse industries.
- The company is led by experienced promoters and management, ensuring sound business strategies.
Risks
- Relies heavily on the availability of post-consumer PET bottles as raw material.
- The majority of the state-wise revenues from operations come only from Himachal Pradesh.
- Approximately 80% of revenue from operations comes from one customer.
- Certain corporate regulatory filings and records are not traceable as the relevant information is unavailable in the company’s records or on the Ministry of Corporate Affairs’ online portal.
Divyadhan Recycling Industries IPO – Frequently Asked Questions
- The Divyadhan Recycling Industries IPO opens on September 26, 2024 and closes on September 30, 2024.
- The tentative listing date for the Divyadhan Recycling Industries IPO is October 4, 2024.
- You can apply for the Divyadhan Recycling Industries IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Divyadhan Recycling Industries, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Divyadhan Recycling Industries IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).