Divine Power Energy IPO
NSE SMEListed On: Jul 2, 2024 at ₹ 155.0
₹ 120000 /3000 Shares
Check AllotmentDivine Power Energy IPO Details
25 Jun, 2024
Open Date27 Jun, 2024
Close Date28 Jun, 2024
Allotment Date02 Jul, 2024
Listing DateIssue Price
₹36-40 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
155.0Listing Date
2024-07-02Market Lot
3000 Shares (₹120,000/-)Lead Manager
Khambatta Securities LimitedIssue Size
5,690,000 shares(aggregating up to ₹22.76 Cr)Retail Portion
35%Subscription
393.74 timesDivine Power Energy IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 1,217,110 / 905,134 | 2,111,978 | 4,234,222 |
Day 1 - 25-06-24 06:00 PM | 0.06 / 16.65 x | 28.26 x | 17.67 x |
Day 2 - 26-06-24 06:00 PM | 0.14 / 63.18 x | 104.66 x | 65.75 x |
Day 3 - 27-06-24 06:00 PM | 135.84 / 474.06 x | 507.94 x | 393.74 x |
Divine Power Energy Valuations
EPS Pre IPO
₹4.06/-EPS Post IPO
₹2.98/-P/E Pre IPO
9.85P/E Post IPO
13.41RoNW
25.06%Divine Power Energy Company Financials All values are in ₹ Lakh
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
Assets | 8,889.24 | 7,253.31 | 6,276.46 |
Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
Profit After Tax | 640.59 | 284.94 | 80.51 |
About The Company
Divine Power Energy manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc.
The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra.
The company primarily sells winding wires to power distribution companies and transformer manufacturers.
The company's 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, Uttarakhand Power Corporation Limited, etc.
The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month.
DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.
As of June 2024, the company employs a total of 40 people in various departments.
Divine Power Energy - Promoter(s)
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Promoter(s)
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
Divine Power Energy IPO - Issue Objectives
- To meet the working capital requirements of the Company
- General Corporate Purpose
Other Details
Divine Power Energy
Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar New Delhi-110092,Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Divine Power Energy IPO - FAQs
Ans. Divine Power Energy IPO is a SME IPO. The issue is priced at ₹36-40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jun 25, 2024, and closes on Jun 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Divine Power Energy IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.
Ans. The size of Divine Power Energy IPO is 5,690,000 shares(aggregating up to ₹22.76 Cr).
Ans. The IPO price band is set between ₹36-40 per equity share.
Ans. To apply for Divine Power Energy IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Divine Power Energy IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Divine Power Energy IPO is Jun 28, 2024.
Ans. The Divine Power Energy IPO will be listed on Jul 2, 2024.
Ans. Follow the steps to check the allotment status for Divine Power Energy IPO here.