September 26, 2024 - September 30, 2024

Divyadhan Recycling Industries IPO Subscription Details

Divyadhan Recycling Industries IPO Subscription Status Live

Divyadhan Recycling Industries IPO subscribed 40.93 times. The public issue subscribed 32.43 times in the retail category, 29.39 times in QIB, and 76.03 times in the NII category by September 30, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	29.39	716,000	2,10,46,000	134.69
Non-Institutional Buyers*	76.03	538,000	4,09,06,000	261.80
Retail Investors	32.43	1,252,000	4,06,08,000	259.89
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	40.93	2,506,000	10,25,60,000	656.38

Total Application : 20,304 (32.43 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 200,000 equity shares not included.

Divyadhan Recycling Industries IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 26, 2024	1.86	0.64	3.42	2.38
Day 2 September 27, 2024	1.87	1.70	7.99	4.89
Day 3 September 30, 2024	29.39	76.03	32.43	40.93

Divyadhan Recycling Industries IPO Shares Offered

Divyadhan Recycling Industries IPO is a public issue of 3,776,000 equity shares. The issue offers 1,252,000 shares to retail investors, 716,000 shares to qualified institutional buyers, and 538,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,070,000	6.85	28.34%
Market Maker	200,000	1.28	5.30%
QIB	716,000	4.58	18.96%
NII*	538,000	3.44	14.25%
Retail	1,252,000	8.01	33.16%
Total	3,776,000	24.17	100%

Divyadhan Recycling Industries IPO Anchor Investor Allocation

A total of 10,70,000 shares at a price of Rs 0 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Persistent Growth Fund	3,12,000	64	29.16	1,99,68,000
2	Meru Investment Fund PCC	3,00,000	64	28.04	1,92,00,000
3	Zeta Global Fund	1,58,000	64	14.77	1,01,12,000
4	Kingsman Wealth Fund PCC	3,00,000	64	28.04	1,92,00,000
		10,70,000		100	6,84,80,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Divyadhan Recycling Industries IPO Subscription FAQs

The Divyadhan Recycling Industries IPO is subscribed 40.93 by September 30, 2024.