Divyadhan Recycling Industries Ltd - IPO

Divyadhan Recycling Industries Ltd IPO Details

Initial public offering up to 37,76,000 equity shares of Rs. 10/- each (Equity Shares) of Divyadhan Recycling Industries Limited (DRIL or the Company) for cash at a price of Rs. 64/- per equity share (the Issue Price), aggregating to Rs. 24.17 crores (The Issue). Out of the issue, 2,00,000 equity shares aggregating to Rs. 1.28 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 35,76,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 64/- per equity share aggregating to Rs. 22.89 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.39% and 25.00%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Purchase of Plant and Machinery. General Corporate Purposes.

Divyadhan Recycling Industries Ltd Contact Details

Divyadhan Recycling Industries Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@divyadhan.in

Website - www.divyadhan.in