Divyadhan Recycling Industries Limited IPO
Divyadhan Recycling Industries Limited was a SME IPO in the Other Textile Products sector, offered at ₹60–₹64 per share to raise ₹24 crore. It listed on 4 Oct 2024 at ₹84 and closed its first day at ₹88, a listing gain of +37.8% versus the ₹64 issue price. It now trades around ₹36 (-44.5% versus the issue price).
Frequently asked questions
- What were the Divyadhan Recycling Industries Limited IPO listing gains?
- Divyadhan Recycling Industries Limited listed on 4 Oct 2024 at ₹84, closing its first day at ₹88 — a listing gain of +37.8% versus the ₹64 issue price.
- What was the price band and lot size of the Divyadhan Recycling Industries Limited IPO?
- The price band was ₹60–₹64 per share, with a minimum lot of 2,000 shares (₹1,28,000 at the upper band).
- Who were the registrar and lead manager for the Divyadhan Recycling Industries Limited IPO?
- Skyline Financial Services Private Limited was the registrar, and Narnolia was the book-running lead manager.