Divyadhan Recycling Industries IPO Allotment Status Available Now

Divyadhan Recycling Industries Limited, which is engaged in recycling of polyester staple fibre and pellets, completed its IPO subscriptions with overflowing investor interest. This IPO, which was expected to raise around ₹24.17 crore by issuing 37.76 lakh shares at an issue price band of ₹60-64 per share, had opened for subscription from September 26 to September 30, 2024, and has now entered its allotment stage.

Subscription Highlights

The IPO witnessed an overwhelming response in the overall subscription of 40.96 times. The tremendous interest from investors was observed in all categories as given below:
Retail Individual Investors: It was oversubscribed more than 7 times, and the same was a clear indication of strong retail interest.
Qualified Institutional Buyers: Subscription rates also indicated strong interest on the part of larger investors.
Allotment Process

Basis of Allotment for Divyadhan Recycling Industries IPO was approved on October 1, 2024. Investors can now ascertain whether they have received the allotment of the shares by checking through these mediums:

Directly on investorspring.com: Log in to the IPO Allotment page and enter either the application number or your PAN to know the status.

Registrar’s Website: Alternatively, shareholders can also refer to the website of Skyline Financial Services Private Ltd., which have information of the same.

Post Allotment

The shares would probably be credited to the demat accounts of allottees on October 3, 2024.
Shares of Divyadhan Recycling Industries shall be listed on NSE SME platform on 4th October 2024.

**Market Sentiment

The high subscription rate, especially the subscriptions from the retail investor community, has huge optimism surrounding the listing. Investors are still advised to look at the market environment and the company’s fundamentals before investing.

Check Your Allotment Status

Visit investorspring.com/ipo-allotment and provide your application details to see if you have been allotted shares from the Divyadhan Recycling Industries IPO.

The strong subscription of IPO for Divyadhan Recycling Industries is an indication of a good market response toward sustainable businesses. Those who have applied must check allotment status. Get updated by Investorspring.com for all IPO allotment on your fingertips.