Divine Power IPO

Divine Power IPO will open for subscription from 25 June 2024. The company aims for an issue size of ₹22.76 Cr through this IPO.

Company Overview

Full nameDivine Power Energy Limited
SectorNon – Ferrous Metals
IndustryMetal – Non-Ferrous
Company Websitehttps://www.dpel.in/

About Company

Divine Power Energy manufactures Bare Copper and Aluminium Wire, Bare Copper and Aluminium Strip, Winding Copper and Aluminium Wire, and Winding Copper and Aluminium Strip. Winding wires and strips undergo a process that includes annealing, insulation, and covering with materials such as paper, cotton, and fibreglass.

The company has distributed fiberglass-covered wires and strips to various markets, including Punjab, Bengaluru, and Ahmedabad, with promising opportunities in Maharashtra. Not able clients of the company include TATA Power, BSES, Madhyanchal Vidyut Vitaran Nigam, Purvanchal Vidyut Vitaran Nigam, Uttarakhand Power Corporation, and more operating in states such as Uttar Pradesh, Haryana, and Rajasthan.

As of June 2024, the company’s manufacturing facility boasts an installed capacity to process 300 metric tonnes of aluminum and 400 metric tonnes of copper each month. The company has a total of 40 permanent employees.

The Objectives of the Issue

  • To meet the working capital requirements of the Company; and
  • General Corporate Purpose

Divine Power IPO Timetable

IPO Opening date25 June 2024
IPO Closing27 June 2024
Basis of Allotment28 June 2024
Initiation Refund01 July 2024
Credit to Demat Account01 July 2024
Listing Date02 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 27, 2024)

Divine Power IPO details

Issue typeBook Built Issue IPO
IPO issue size₹22.76 Cr – 5,690,000 shares
Fresh Issue₹22.76 Cr – 5,690,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹36 to ₹40 per share
Lot size3000 Shares
Market Maker portion288,000 shares
Shareholding pre-issue15,779,080
Shareholding post-issue21,469,080
Listing ExchangeNSE SME

Divine Power IPO Lot Size

Retail (Min)13000₹120,000
Retail (Max)13000₹120,000
HNI (Min)26,000₹240,000

Divine Power Offer Documents

Divine Power IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,620,000 (26.37%)
Market Maker Shares Offered288,000 (4.69%)
QIB Shares Offered1,217,110 (19.82%)
NII (HNI) Shares Offered905,134 (14.74%)
Retail Shares Offered2,111,978 (34.38%)
Total Shares Offered6,142,222 (100%)

Divine Power Financial Performance

 FY 2022FY 2023FY 2024
Net income0.902.856.41
(Amount in ₹ Crore)

Divine Power Valuations & Margins

FY 2022FY 2023FY 2024
PE ratio8.87 – 9.85
RONW (%)6.4614.8725.06
ROCE (%)8.8714.7718.05
EBITDA (%)4.666.876.76

Company Promoters

  • Mr Rajesh Giri
  • Mr Vikas Talwar
  • Ms Dali Giri.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Divine Power Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
27 June 2024601,31,000
26 June 2024581,28,000
25 June 2024511,07,500
24 June 2024501,05,000
22 June 20244093,000
21 June 20244093,000
20 June 20242562,500

Divine Power IPO Subscription Update

Shares Offered12,17,1109,05,13421,11,97842,34,222
27 Jun 2024135.84474.06507.94393.74
26 Jun 20240.1463.07102.5464.67
25 Jun 20240.0615.3622.1814.37
(The market maker reservation portion of 2,88,000 shares and anchor allocation portion of 16,20,000 shares are not included)

Divine Power IPO Allotment Status

Divine Power IPO allotment status will be available on the Bigshare Services website. Click on this link to get allotment status.

Divine Power IPO Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Divine Power IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Divine Power Lead Manager(s)

806, 8th Floor, Tower-B, World Trade Tower, Noida
Sector-16, Uttar Pradesh-201301, India
Phone: +91-9953989693
Email: ipo@khambattasecurities.com
Website: www.khambattasecurities.com

Divine Power Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Divine Power Contact Details

Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal
Vihar, New Delhi-110092, India
Phone: 011-36001992/ 2842
E-mail: info@dpel.in
Website: www.dpel.in

Divine Power IPO FAQs

What is the Divine Power offer size?

Divine Power’s offer size is ₹ 20.48 – 22.76 crores.

What is the Divine Power offer price band?

Divine Power’s public offer price is ₹ 36 – 40 per share.

What is the lot size of the Divine Power Offer?

Divine Power offer a lot size is 3,000 shares.

What is Divine Power Offer GMP today?

Divine Power IPO GMP today is ₹ 60 per share.

What is the Divine Power kostak rate today?

Divine Power kostak rate today is ₹ NA per application.

What is Divine Power Subject to the Sauda rate today?

Divine Power is Subject to the Sauda rate today is ₹ 1,31,000 per application.

Final thoughts

Divine Power IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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