Divine Power IPO Details ( Divine Power Energy Limited IPO Review )
(25 June 2024 – 27 June 2024)
Founded in 2001, Divine Power Energy Limited specializes in manufacturing Bare Copper/Aluminum Wire and Strip, as well as Winding Copper/Aluminum Wire and Strip. These winding products are created through annealing and insulating processes, with coverings made from materials like paper, cotton, and fiberglass.
The company distributes its fiberglass-covered wires and strips to markets in Punjab, Bengaluru, and Ahmedabad, and is eyeing potential expansion into Maharashtra.
Divine Power Energy Limited primarily caters to power distribution companies and transformer manufacturers. Some of its notable clients include TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.
Their manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a monthly capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper.
Certified ISO 9001:2015 by International Management Certification, Divine Power Energy Limited is recognized for its quality management standards.
As of June 2024, the company employs 40 people across various departments.
Divine Power Energy Limited IPO Competitive Strength
- Cutting-edge Technology
- Wide Product Range
- Customization Capabilities
- Experienced Team
- International Accreditations and product approvals
Divine Power IPO Financials Performance ( Results )
Divine Power Energy Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 6,276.46 | 12,290.38 | 80.51 | 1,246.00 | 1,231.72 | 4,466.34 |
| 31-Mar-23 | 7,253.31 | 15,084.20 | 284.94 | 1,915.94 | 338.03 | 4,763.84 |
| 31-Mar-24 | 8,889.24 | 22,272.00 | 640.59 | 2,556.53 | 978.62 | 5,785.44 |
Objective of Divine Power IPO Issue
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
Divine Power IPO Basic Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Face Value | ₹10 per share |
| Price | ₹36 to ₹40 per share |
| Lot Size | 3000 shares |
| Issue Size | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Fresh Issue | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,779,080 |
| Share holding post issue | 21,469,080 |
| Company Promoters | Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri |
Divine Power IPO Reservation
| Anchor Investor Shares Offered | 26.37% of the Net Issue |
| Market Maker Shares Offered | 4.69% of the Net Issue |
| QIB Shares Offered | 19.82% of the Net Issue |
| NII (HNI) Shares Offered | 14.74% of the Net Issue |
| Retail Shares Offered | 34.38% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Divine Power IPO Timetable
Divine Power IPO will open on June 25, 2024 and close on June 27, 2024. You can join Divine Power IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 June 2024 (Tuesday) |
| Closing Date | 27 June 2024 (Thursday) |
| Basis of Allotment | 28 June 2024 (Friday) |
| Initiation of Refunds | 1 July 2024 (Monday) |
| Credit of Shares to Demat | 1 July 2024 (Monday) |
| Listing Date | 2 July 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 2 July 2024 |
Divine Power Energy IPO Lot Size
For retail investors in Divine Power Energy IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| S-HNI (Min) | 2 | 6000 | ₹240,000 |
Divine Power Energy IPO Promoter Holding
The company’s promoters include Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Divine Power Energy Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 85.88 |
| Earning Per Share (EPS) | ₹4.06 per Equity Share |
| Net Asset Value (NAV) | ₹16.20 per Equity Share |
| P/E Ratio (P/E) (x) | 9.85 |
| Post P/E Ratio (P/E) (x) | 13.41 |
| Return on Net Worth (RoNW) (%) | 25.06 |
| Return on equity (ROE) (%) | 25.06 |
| Return on Capital Employed (ROCE) (%) | 16.25 |
| Debt/Equity Ratio | 2.26 |
| Price/Book Value Ratio | 2.47 |
Divine Power IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹61 | – | – |
| 1 July 2024 | ₹60 | – | – |
| 30 June 2024 | ₹58 | – | – |
Divine Power IPO Detail Video:
link
Divine Power IPO Subscription Status (Bidding Detail)
The Divine Power IPO on June 27, 2024 at 7:02:00 PM was subscribed 393.67 times, with the retail category being subscribed 507.94 times, the NII (Non-Institutional Investor) category being subscribed 473.74 times, QIB (Qualified-Institutional Buyers) category being subscribed 135.84 times.
| Category | Subscription |
| QIB | 135.84x |
| NII | 473.74x |
| Retail | 507.94x |
| Total | 393.67x |
Divine Power Energy IPO Prospectus
| Divine Power Energy IPO DRHP | Download |
| Divine Power Energy IPO RHP | Download |
| Divine Power Energy IPO Anchor Investors Details PDF | Download |
Divine Power Energy IPO Rating
| Our Rating | 4.0/5.0 |
Divine Power Energy Company Contact Information
Divine Power Energy Limited
Registered Office: Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar, New Delhi-110092, India.
Tel.: 011-36001992/ 2842
Email: info@dpel.in
Website: www.dpel.in
Contact Person: Ms. Swati Bansal, Company Secretary & Compliance Officer
Promoters of Our Company: Mr. Rajesh Giri, Mr. Vikas Talwar, Ms. Dali Giri
Divine Power Energy IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai – 400093, Maharashtra, India.
Tel.: +91 22 6263 8200, Fax: +91 22 6263 8299
E-Mail: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale
SEBI Regn. No.: INR000001385
Divine Power Energy IPO Lead Manager
Khambatta Securities Limited
Registered Office: 806, 8th Floor, Tower-B, World Trade Tower, Noida Sector-16, Uttar Pradesh-201301, India.
Tel: +91-9953989693, 0120-4415469
Email: ipo@khambattasecurities.com
Investor Grievance Email: mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Chandan Mishra;
SEBI Registration No.: INM000011914
Divine Power IPO FAQs
What is the lot size of Divine Power IPO?
The total size of Divine Power IPO is ₹22.76 crores and this is a complete fresh Issue.
When will Divine Power IPO start?
Divine Power IPO will open from 25 June 2024 and IPO will close on 27 June 2024.
What is the open date of Divine Power IPO?
Divine Power IPO will open date from 25 June 2024.
What is the last date ( close date ) of Divine Power IPO?
Divine Power IPO will close from 27 June 2024.
What is the price band of Divine Power IPO?
Divine Power IPO price band is ₹36 to ₹40. ( Upper Price Band: ₹40, Lower Price Band: ₹36 )
What is the minimum amount required to apply for Divine Power IPO?
The minimum investment for retailers to apply for Divine Power IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Divine Power IPO?
View gray market premium of Divine Power IPO by Clicking Here
How much is the GMP of Divine Power IPO?
Watch Divine Power IPO GMP Today: Click Here
What is the allotment date of Divine Power IPO?
The allotment date of Divine Power IPO is 28 June 2024.
How to check allotment status in Divine Power IPO?
To check the allotment status of Divine Power IPO, first of all go to the registrar website by clicking here, select your bad Divine Power IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Divine Power IPO?
The listing date of Divine Power IPO is 2 July 2024.
How much will be the listing gain in Divine Power IPO?
View listing gain of Divine Power IPO by Clicking Here
How much time Divine Power IPO is subscribed?
Total 393.67 times subscribed in Divine Power IPO out of which 507.94 times subscription was done in retail quota, 473.74 times subscription in NII quota and 135.84 times subscription in QIB quota.
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How to apply for Divine Power IPO from Zerodha?
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