Divine Power Energy IPO
NSE SMEListed On: Jul 2, 2024 at ₹ 155.0
₹ 240000 /6000 Shares
*Min Investment
25 Jun, 2024
Open Date27 Jun, 2024
Close Date28 Jun, 2024
Allotment Date02 Jul, 2024
Listing DateDivine Power Energy IPO Issue Details
- Issue Price ₹36-40 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 56,90,000 shares(aggregating up to ₹22.76 crore)
- Fresh Share 56,90,000 shares(aggregating up to ₹22.76 crore)
- Listing at NSE SME
- List Price 155.0
- Listing Date 2024-07-02
- Lead Manager Khambatta Securities Limited
- Registrar Bigshare Services Pvt Ltd
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 offers total 6,142,222 shares. Out of which 1,217,110 (19.82%) allocated to QIB, 905,134 (14.74%) allocated to NII,2,111,978 (34.38%) allocated to RII, NA (NA%) allocated to employees and 1,620,000 (26.37%) allocated to 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 Details
Divine Power Energy IPO is an SME IPO, priced at ₹36-40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 56,90,000 equity shares, aggregating up to ₹22.76 crores..
The IPO bidding window is open from Jun 25, 2024 to Jun 27, 2024. The allotment is expected to be finalized on Jun 28, 2024, and the tentative listing date is Jul 2, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Khambatta Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Divine Power Energy IPO Subscription Analysis And 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
Divine Power Energy Company Financials
| 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 |
About Divine Power Energy Company
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
Pre Issue Share Holding : %
Post Issue Share Holding : %
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 Details
Divine Power Energy
Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar New Delhi-110092,
011-36001992
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Divine Power Energy IPO is 5,690,000 shares(aggregating up to ₹22.76 Cr).
Ans. The Divine Power Energy IPO price band is set between ₹36-40 per equity share.
Ans. To apply for Divine Power Energy 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 Divine Power Energy IPO allotment status online.
