Last updated on June 27th, 2024 at 09:05 am
Divine Power IPO Details: The Divine Power IPO date is fixed, opening on June 25 and closing on June 27. Divine Power Energy aims to raise ₹22.76 crores through this NSE SME IPO. The price band is set at ₹36 to ₹40 per share, with a market lot of 3000 shares.
Company Overview
Divine Power Energy Limited manufactures Bare Copper/Aluminium Wire, Bare Copper/Aluminium Strip, Winding Copper/Aluminium Wire, and Winding Copper/Aluminium Strip. The winding wires/strips are produced by annealing, insulating, and covering them with materials such as paper, cotton, or fiberglass. These products are sold to power distribution companies and transformer manufacturers for use in transformers and repair work. Recently, the company began manufacturing fiberglass-covered wires/strips used in electromagnetic coils for lifting heavy objects and has started trading super-enameled wires and strips to meet customer demand.
The company primarily sells winding wires to power distribution companies and transformer manufacturers, which are essential for power distribution. Transformers regulate voltage from the generation source to the consumer end, stepping up voltages for transmission and stepping them down as needed. A critical component of a transformer is its coil, which converts electric energy to magnetic energy and changes voltage and current. Divine Power manufactures winding wires by insulating bare conductors with various materials, making their products crucial for transformer manufacturing and power transmission and distribution.
Objects of the Issue
To meet the working capital requirements of the company
General corporate purposes
Divine Power IPO Review
May Apply
Divine Power IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total 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 | 1,57,79,080 |
| Share holding post issue | 2,14,69,080 |
| Market Maker portion | 288,000 shares |
Divine Power IPO Market Lot
The minimum market lot for the Divine Power IPO is 3000 shares, with an application amount of ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹ 1,20,000 |
| Retail (Max) | 1 | 3000 | ₹ 1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹ 2,40,000 |
Divine Power Energy IPO Dates
The Divine Power Energy IPO opens on June 25 and closes on June 27. The allotment date is June 28, with the IPO expected to list on July 2.
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Divine Power Energy Valuation – FY2023
Review the valuation details for Divine Power IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹4.06 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 25.06% |
| Net Asset Value (NAV): | ₹16.20 per Equity Share |
Financial Information of Divine Power Limited
| Amount in ₹ Lakhs | |||
| Period Ended | 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 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves and Surplus | 978.62 | 338.03 | 1,231.72 |
| Total Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
Key Performance Indicator
| KPI | Values |
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| P/BV | 2.47 |
| PAT Margin (%) | 2.88 |
Peer Group
Shera Energy Limited
Bhagyanagar India Limited
Rajnandini Metal Limited
Ram Ratna Wires Limited
Precision Wires India Limited
Company Promoters
Mr. Rajesh Giri
Mr. Vikas Talwar
Ms. Dali Giri
Divine Power Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: Bigshare IPO Status
Divine Power IPO Allotment Status
Check Divine Power IPO allotment status on the Bigshare website.
Divine Power IPO Lead Managers
Khambatta Securities Limited
Company Address
Divine Power Energy
Unit No. Offices, 1st Floor
CSC-II, B-Block, Surajmal Vihar
New Delhi-110092
Phone: 011-36001992
Email: info@dpel.in
Website: Divine Power Energy
Divine Power IPO FAQs
What is Divine Power IPO?
Divine Power IPO is an NSE SME IPO aiming to raise ₹22.76 Crores. The issue price ranges from ₹36 to ₹40 per equity share. The IPO will be listed on NSE.
When will Divine Power Energy IPO open?
The IPO opens on June 25, 2024, for QIB, NII, and Retail Investors.
What is the Investors’ Portion in Divine Power Energy IPO?
The investors’ portion is 50% for QIB, 15% for NII, and 35% for Retail Investors.
How to Apply for the Divine Power Energy IPO?
You can apply for the Divine Power IPO via ASBA online through your bank account or via UPI through your stock brokers. Offline applications are also accepted through stock brokers.
How to Apply for the Divine Power IPO through Zerodha?
Log in to Console on the Zerodha website or application. Navigate to Portfolio and click on IPO. Select “Divine Power” and click on Bid. Enter your UPI ID, Quantity, and Price, then submit the IPO application form. Approve the mandate in your UPI App or Net Banking/BHIM App. Open a Demat Account with Zerodha if needed.
How to Apply for the Divine Power IPO through Upstox?
Log in to the Upstox application. Choose the IPO section and select “Divine Power.” Click on Bid, confirm your application, and approve the mandate in your UPI App or Net Banking/BHIM App. Open a Demat Account with Upstox if required.
How to Apply for the Divine Power IPO through Paytm Money?
Log in to the Paytm Money application. Select the IPO section, choose “Divine Power,” and click on Bid. Confirm your application and approve the mandate in your UPI App or Net Banking/BHIM App. Open a Demat Account with Paytm Money if necessary.
What is the size of the Divine Power IPO?
The Divine Power IPO size is ₹22.76 crores.
What is the price band for the Divine Power IPO?
The price band for the Divine Power IPO is ₹36 to ₹40 per equity share.
What is the minimum and maximum lot size for the Divine Power IPO?
The IPO bid requires 3000 shares with an application amount of ₹120,000.
What is the allotment date for the Divine Power IPO?
The Divine Power IPO allotment date is June 28, 2024.
What is the listing date for the Divine Power IPO?
The Divine Power IPO is scheduled to list on July 2, 2024, on NSE SME.
