Divyadhan Recycling Industries IPO Allotment Status

resr 5paisa Research Team

Last Updated: 1st October 2024 - 11:52 am

Listen icon

Summary

Divyadhan Recycling Industries IPO has received a strong response from investors, closing with a subscription of 40.93 times by 30th September 2024 at 5:16:01 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 76.03 times.

The Retail Investors segment was subscribed 32.43 times. The Qualified Institutional Buyers (QIB) portion demonstrated good engagement, subscribing 29.39 times. The Anchor Investors and Market Maker portions were fully subscribed. This strong response across all categories underscores the positive market sentiment towards Divyadhan Recycling Industries' offering and suggests optimistic investor expectations for the company's future performance.

How to Check Divyadhan Recycling Industries IPO Allotment Status:

How to Check Divyadhan Recycling Industries IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Skyline Financial Services Private Ltd (https://www.skylinerta.com/ipo.php)

Step 2: From the dropdown menu, select Divyadhan Recycling Industries IPO.

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security purposes, fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Divyadhan Recycling Industries IPO Allotment Status on NSE SME?

On the website of the National Stock Exchange (NSE) SME, investors who placed a bid for the Divyadhan Recycling Industries IPO can monitor the allotment status:

Step 1: Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Divyadhan Recycling Industries Limited" from the dropdown menu under "Company Name."

Step 4: Enter your application number and PAN ID.

Step 5: Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections.

Offer Required Information: Provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: Use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio."

Verify IPO Allotment Status: Check if the allocated shares are visible in your Demat account.

Verify with Registrar:  If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Divyadhan Recycling Industries IPO Timeline:

Event Indicative Date
Divyadhan Recycling Industries IPO Open Date 26th September 2024
Divyadhan Recycling Industries IPO Close Date 30th September 2024
Divyadhan Recycling Industries IPO Allotment Date 1st October 2024
Divyadhan Recycling Industries IPO Initiation of Refunds 3rd October 2024
Divyadhan Recycling Industries IPO Credit of Shares to Demat 3rd October 2024
Divyadhan Recycling Industries IPO Listing Date 4th October 2024

 

Divyadhan Recycling Industries IPO Subscription Status

Divyadhan Recycling Industries IPO received 40.93 subscriptions. By 30th September 2024 at 5:16:01 PM (Day 3), the public issue had been subscribed 32.43 times in the retail category, 29.39 times in the QIB category, and 76.03 times in the NII category.

Subscription Day 3 (as of 5:16:01 PM)
Total Subscription: 40.93 times
QIB: 29.39 times
NII: 76.03 times
Retail investors: 32.43 times

Subscription Day 2
Total Subscription: 4.89 times
QIB: 1.87 times
NII: 1.70 times
Retail investors: 7.99 times


Subscription Day 1
Total Subscription: 2.38 times
QIB: 1.86 times
NII: 0.64 times
Retail investors: 3.42 times

Divyadhan Recycling Industries IPO Details

Divyadhan Recycling Industries' initial public offering (IPO) is a book built issue amounting to ₹24.17 crores. This offering consists of a fresh issue of 37.76 lakh shares.

The bidding process for the Divyadhan Recycling Industries IPO commenced on 26th September 2024 and concluded on 30th September 2024. The allotment results for this IPO are anticipated to be finalised on 1st October 2024.

Furthermore, the shares of Divyadhan Recycling Industries are set to be listed on the NSE SME, with a provisional listing date scheduled for 4th October 2024.

The Divyadhan Recycling Industries IPO price band has been established between ₹60 and ₹64 per share. Investors must apply for a minimum lot size of 2000 shares, which requires a minimum investment of ₹128,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹256,000.

Narnolia Financial Services Ltd serves as the book running lead manager for the Divyadhan Recycling Industries IPO. Skyline Financial Services Private Ltd is designated as the registrar for this offering.

Read more about Recycling Industries IPO

Also Check: Diffusion Engineers IPO Allotment Status

 

How do you rate this article?
Characters remaining (1500)

FREE Trading & Demat Account
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

IPO Related Articles

Khyati Global Ventures IPO Allotment Status

by 5paisa Research Team 8th Oct 2024

NeoPolitan Pizza and Foods IPO Allotment Status

by 5paisa Research Team 4th Oct 2024

Paramount Dye Tec IPO Allotment Status

by 5paisa Research Team 4th Oct 2024

Subam Papers IPO Allotment Status

by 5paisa Research Team 4th Oct 2024

Saj Hotels IPO Allotment Status

by 5paisa Research Team 3rd Oct 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Want to Use 5paisa
Trading App?