Divine Power Energy IPO Details, Date, Allotment

Divine Power Energy IPO: Divine Power Energy Limited IPO is open for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the IPO is expected on June 28, 2024. Divine Power Energy IPO will be listed on NSE SME with a listing date fixed as July 02, 2024.

Divine Power Energy IPO is a fixed price issue amounting to Rs 16.05 crores. The entire issue comprises a fresh offering of 37.32 lakh shares. The price band for the IPO is fixed at ₹43 per share.

Source from Divine Power Energy IPO RHP

Divine Power Energy IPO Details, Date, Allotment

Divine Power Energy IPO Details

Open DateJune 25, 2024
Close DateJune 27, 2024
Listing DateJuly 02, 2024
IPO SizeAggregating up to ₹16.05 Cr.
Fresh Issue37.32 lakh shares
Face Value₹10 per share
IPO Price Band₹43 per share
IPO Listing onNSE SME
Lot Size3000 Shares
OFSNA
Share Offered to Retail35%
Share Offered to QBI50%
Share Offered to HNI15%

Divine Power Energy IPO Date

  • IPO Open Date: June 25, 2024
  • IPO Close Date: June 27, 2024
  • Allotment: June 28, 2024
  • Refunds: July 01, 2024
  • Shares Credit to Demat: July 01, 2024
  • Listing Date: July 02, 2024

Lot Size

Application TypeLotsSharesAmount (₹)
Retail (Min)13000₹120,000
Retail (Max)13000₹120,000
HNI (Min)26000₹240,000

Divine Power Energy IPO GMP (Grey Market Premium)

If you want to know Visaman Global Sales IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Divine Power Energy IPO Subscription Status

Divine Power Energy IPO subscription starts on June 25, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Divine Power Energy IPO Allotment Status

To check Divine Power Energy’s IPO allotment status go to the IPO registrar website ”Bigshare Services Pvt Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. Submit details and get the allotment status.

Know About Company

Divine Power Energy Limited specializes in manufacturing Bare Copper and Aluminum Wire, as well as Winding Wire and Strip. These products are insulated and covered with materials like paper and fibreglass.

The company serves markets including Punjab, Bengaluru, and Ahmedabad, and aims to expand into Maharashtra.

Divine Power Energy primarily supplies winding wires to power distribution companies and transformer manufacturers.

Its clients include TATA Power Limited and various state electricity boards.

Located in Sahibabad, Ghaziabad, the company’s manufacturing facility spans 1,777 square meters and can process 300 metric tonnes of aluminium and 400 metric tonnes of copper monthly.

DPEL holds ISO 9001:2015 certification from International Management Certification, accredited by the Global Accreditation Assessment Forum Series.

Objects of the Issue

  1. Funding Working Capital Requirements of our Company; and
  2. General corporate purposes.

Promoters Holding

Before the issue, Mr. Rajesh Giri, Mr. Vikas Talwar, and Ms. Dali Giri collectively hold 100% of the company’s shares.

Divine Power Energy Limited Financial Report

Financial Year Ended31 Mar 2024 (₹ Lakhs)31 Mar 2023 (₹ Lakhs)31 Mar 2022 (₹ Lakhs)
Assets8,889.247,253.316,276.46
Revenue22,272.0015,084.2012,290.38
Profit After Tax (PAT)640.59284.9480.51
Net Worth2,556.531,915.941,246.00
Reserves and Surplus978.62338.031,231.72
Total Borrowing5,785.444,763.844,466.34

This table provides a clear overview of Divine Power Energy Limited’s financial metrics for the years ending March 31, 2022, 2023, and 2024, including assets, revenue, profit after tax, net worth, reserves and surplus, and total borrowing.

KPI Of Divine Power Energy Limited

Key performance indicators for Divine Power Energy Limited as of March 31, 2024:

Financial Year EndedMarch 31, 2024 (₹ Lakhs)
Revenue from Operations22,208.00
Total Income22,272.00
EBITDA1,500.50
EBITDA Margin6.76%
PAT (Profit After Tax)640.59
PAT Margin2.88%
Operating Cash Flow(282.08)
Net Worth2,556.53
Net Debt5,738.86
Debt Equity Ratio2.26
ROCE (%)16.25%
ROE (%)25.06%

Peer Group

  • Shera Energy Limited
  • Bhagyanagar India Limited
  • Rajnandini Metal Limited
  • Ram Ratna Wires Limited
  • Precision Wires India Limited

Divine Power Energy Limited IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
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
Website: www.bigshareonline.com

Divine Power Energy Limited IPO Lead Manager

KHAMBATTA SECURITIES LIMITED
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

Divine Power Energy Limited Contact

Divine Power Energy Limited
Unit No. Offices, 1st Floor
CSC-II, B-Block, Surajmal Vihar
New Delhi-110092,
Phone: 011-36001992
Email: info@dpel.in
Website: https://www.dpel.in/

Divine Power Energy Limited IPO Application Form PDF

To download the Divine Power Energy Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs

When does Divine Power Energy Limited IPO open for subscription?

The Divine Power Energy Limited IPO opens for subscription on June 25, 2024.

What is the closing date for Divine Power Energy Limited’s IPO?

The closing date for Divine Power Energy Limited’s IPO is June 27, 2024.

When will the allotment of Divine Power Energy Limited IPO shares take place?

The allotment of Divine Power Energy Limited IPO shares is expected on June 28, 2024.

What is the price band for Divine Power Energy Limited IPO?

The price band for Divine Power Energy Limited IPO is ₹62 to ₹64 per share.

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