What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Divyadhan Recycling Industries Limited IPO allotment date?

The basis of allotment for Divyadhan Recycling Industries Limited IPO is scheduled to be finalized on 1 Oct 2024.

Where can I check Divyadhan Recycling Industries Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Ltd) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 2 Oct 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Divyadhan Recycling Industries Limited

ListedSME

Emerging SME Services · NSE

Divyadhan Recycling Industries Limited, established in May 2010, is dedicated to producing recycled materials in an eco-friendly way. The company specializes in making Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets from used PET bottles, like those from beverages. Certified for quality (ISO 9001:2015) and environmental management (ISO 14001:2015), Divyadhan focuses on both sustainability and high standards. Its manufacturing unit in Kalyanpur, Baddi, Himachal Pradesh, has an annual production capacity of 8,030 metric tons for fibre and 4,320 metric tons for pellets. As of August 31, 2024, the company had about 83 employees working across different departments.

Price Band

₹60 – ₹64

Issue Size

₹24.17 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹64

at current GMP

Subscribed

41.04x

overall

Open

26 Sep 2024

30 Sep 2024

Allotment

1 Oct 2024

Refund

2 Oct 2024

Demat Credit

3 Oct 2024

Listing

4 Oct 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Divyadhan Recycling Industries Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

1 Oct 2024

Basis finalization

Refunds Initiate

2 Oct 2024

Mandate release

Demat Credit

3 Oct 2024

Shares in demat

Listing Debut

4 Oct 2024

Trading begins

About Divyadhan Recycling Industries Limited Public Issue & Market Profile

Divyadhan Recycling Industries Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹24.17 Crores. The shares are offered at a price band of ₹60 to ₹64 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-30, the basis of allotment is scheduled to be finalized on 2024-10-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.