Divine Power Energy IPO
Divine Power Energy is an NSE SME IPO listed on the NSE SME platform, priced at ₹36–₹40 per share. The stock debuted at ₹155, delivering a listing gain of 287.5%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
Divine Power Energy IPO
- IPO Dates
- Jun 25, 2024 – Jun 27, 2024
- Price band
- ₹36-40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹22.76 Cr
- Lot size
- 3000
- Allotment Date
- Jun 28, 2024
- Listing
- Jul 2, 2024
- Listing At
- NSE SME
IPO timeline
-
Jun 25, 2024
Open Date
Completed
-
Jun 27, 2024
Close Date
Completed
-
Jun 28, 2024
Allotment Date
Completed
-
Jul 2, 2024
Listing Date
Completed
Divine Power Energy IPO Essentials
Divine Power Energy IPO Details
Divine Power Energy IPO is priced at ₹36-40 per share with a total issue size of 22.76 crore. The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹36-40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,690,000 shares(aggregating up to ₹22.76 Cr)
- Total issue size
- 56,90,000 shares
(aggregating up to ₹22.76 crore) - Fresh issue
- 56,90,000 shares
(aggregating up to ₹22.76 crore) - Listing at
- NSE SME
- List price
- 155.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Khambatta Securities Limited
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,20,000 |
| Retail(max) | 1 | 3000 | ₹1,20,000 |
| NII (min) | 2 | 6000 | ₹2,40,000 |
Divine Power Energy IPO Reservation
Divine Power Energy IPO reservation details show category-wise allocation of shares. Out of the total 6,142,222 shares, approximately 19.82% are reserved for QIB, 14.74% for NII, 34.38% for retail investors, 4.69% for market maker, and 26.37% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,620,000 (26.37%) | |
| Market Maker Shares Offered | 288,000 (4.69%) | |
| QIB Shares Offered | 1,217,110 (19.82%) | |
| NII (HNI) Shares Offered | 905,134 (14.74%) | |
| Retail Shares Offered | 2,111,978 (34.38%) | |
| Total Shares Offered | 6,142,222 (100%) |
Divine Power Energy IPO Analytics
Divine Power Energy IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Divine Power Energy IPO Subscription Status
Divine Power Energy IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.06/-
- EPS Post IPO
- ₹2.98/-
- P/E Pre IPO
- 9.85
- P/E Post IPO
- 13.41
Returns
- ROE
- 25.06%
- ROCE
- 16.25%
- RoNW
- 25.06%
- PAT Margin
- 2.88
Fundamentals
- Debt / Equity
- 2.26
- Price / Book
- 2.47
Divine Power Energy Financials( In Lakhs)
| 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 & Surplus | 978.62 | 338.03 | 1,231.72 |
| Total Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
Divine Power Energy Company & Offer Insights
About Divine Power Energy
The Company Divine Power Energy Limited was established in 2001. It has a product list that includes Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are manufactured by annealing and insulating wires/strips and applying coverings to them using paper, cotton, fiberglass, etc.
The company sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. The company feels that market potential exists for Maharashtra.
The major sale of winding wires is made to power distribution companies and transformer manufacturers.
The major clients are 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 manufacturing facility of the company is located at Sahibabad, Ghaziabad. The total area it covers is 1,777 square meters. The facility can process 300 metric tonnes of aluminum and 400 metric tonnes of copper in a month.
DPEL is ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.
As of June 2024, the company has a total of 40 employees working in different departments.
Divine Power Energy Promoter(s)
Mr Rajesh Giri, Mr Vikas Talwar, Ms Dali Giri are the company's promoters of Divine Power Energy.
Divine Power Energy IPO Issue Objectives
- •
- To meet the working capital requirements of the Company
- •
- General Corporate Purpose
Divine Power Energy IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Divine Power Energy | 4.06 | 4.06 | 16.2 | N/A | 25.06 | N/A | N/A |
| Shera Energy Limited | 5.21 | 5.21 | 56.02 | 34.17 | 11 | N/A | Consolidated |
| Bhagyanagar India Ltd. | 14.29 | 14.29 | 60.44 | 7.63 | 23.65 | N/A | Consolidated |
| Rajnandini Metal Limited | 0.55 | 0.55 | 2.05 | 19.49 | 26.87 | N/A | Consolidated |
| Ram Ratna Wires Ltd. | 11.88 | 11.88 | 98.2 | 32.83 | 12.64 | N/A | Consolidated |
| Precision Wires India Ltd. | 4.08 | 4.08 | 28.35 | 33.6 | 14.39 | N/A | Consolidated |
Notes:
- The P/E Ratio for peers is based on the closing market price as of June 13, 2024, from NSE, divided by the Basic EPS for FY 2024.
- Return on Net Worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
- Net Asset Value per share = Net worth at the end of the year / Number of shares outstanding at the end of the year.
Contact Information
Contact Details
Divine Power Energy
011-36001992
Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar New Delhi-110092,
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Divine Power Energy IPO is a book-built IPO worth ₹22.76 crore. The price band is ₹36–₹40 per share. The IPO opens on Jun 25, 2024 and closes on Jun 27, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Divine Power Energy IPO is ₹36 to ₹40 per share.
The lot size of Divine Power Energy IPO is 3000 shares.
The minimum investment for Divine Power Energy IPO is approximately ₹1,20,000 based on the upper price band .
Divine Power Energy IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.
The allotment date of Divine Power Energy IPO is Jun 28, 2024.
Divine Power Energy IPO is expected to be listed on Jul 2, 2024, on NSE SME Platform.
Divine Power Energy IPO valuation snapshot: P/E 13.41, EPS ₹2.98/-, P/B 2.47, RoNW 25.06%, and market cap N/A.
To apply for Divine Power Energy IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Divine Power Energy IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Divine Power Energy IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Divine Power Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Divine Power Energy IPO allotment status on IPO Ji for quick and easy access.