Divine Power Energy IPO

NSE SME

Listed On: Jul 2, 2024 at ₹ 155.0

₹ 120000 /3000 Shares

Check Allotment

Divine Power Energy IPO Details

25 Jun, 2024

Open Date

27 Jun, 2024

Close Date

28 Jun, 2024

Allotment Date

02 Jul, 2024

Listing Date

Issue Price

₹36-40 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

155.0

Listing Date

2024-07-02

Market Lot

3000 Shares (₹120,000/-)

Lead Manager

Khambatta Securities Limited

Issue Size

5,690,000 shares(aggregating up to ₹22.76 Cr)

Retail Portion

35%

Subscription

393.74 times

IPO Docs

DRHP RHP

The IPO of Divine Power Energy is priced at ₹36-40 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Divine Power Energy IPO bid opening date is from Jun 25, 2024 and the bid closing date was Jun 27, 2024.
Divine Power Energy IPO allotment result will be available on Jun 28, 2024. The tentative listing date for Divine Power Energy is Jul 2, 2024.

The total issue size is 5,690,000 shares(aggregating up to ₹22.76 Cr).

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

Total No. of Applications: 357,584 (Approx)

Divine Power Energy Valuations

EPS Pre IPO

₹4.06/-

EPS Post IPO

₹2.98/-

P/E Pre IPO

9.85

P/E Post IPO

13.41

ROE

25.06%

ROCE

16.25%

Debt/Equity

2.26

RoNW

25.06%

PAT Margin

2.88

Price to Book Value

2.47

Divine Power Energy Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Mr Rajesh Giri
Mr Vikas Talwar
Ms Dali Giri

Divine Power Energy IPO - Issue Objectives

To meet the working capital requirements of the Company
General Corporate Purpose

Other Details

Company Contact Details

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: https://www.dpel.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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. The size of Divine Power Energy IPO is 5,690,000 shares(aggregating up to ₹22.76 Cr).

Ans. The IPO price band is set between ₹36-40 per equity share.

Ans. To apply for Divine Power Energy IPO 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 allotment status for Divine Power Energy IPO here.