Divine Power IPO Details: Divine Power Energy Limited has announced the dates for its upcoming Initial Public Offering (IPO). Scheduled to commence on June 25 and conclude on June 27, the IPO aims to raise ₹22.76 crores. Operating under the NSE SME platform, Divine Power’s IPO has set a price band of ₹36 to ₹40 per share, with a market lot of 3000 shares.
Specializing in the production of various wires and strips, Divine Power Energy manufactures Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, and Winding Copper / Aluminium Strip. These products, essential for the manufacturing of transformers, are insulated and covered with materials like paper, cotton, and fiberglass. Recently, the company has also introduced wires and strips covered with fiberglass, specifically used in electromagnetic coils such as those found in lifting magnets used for heavy-duty applications like lifting containers and machinery.
In addition to its core products, Divine Power Energy has expanded its offerings to include super-enameled wires and strips to meet growing customer demands and maintain competitiveness in the market.
The company primarily serves power distribution entities and transformer manufacturers, critical players in the electricity supply chain. Transformers, vital for voltage regulation and minimizing power loss during transmission, rely heavily on components like coils, which convert electric energy into magnetic energy. Divine Power’s insulated wires and strips are integral in the construction of these coils, underscoring their pivotal role in facilitating efficient power transmission and distribution.
Divine Power Energy’s IPO marks a significant opportunity for investors looking to participate in the growth of a company deeply embedded in India’s electrical infrastructure sector.
Divine Power IPO Objectives:
The company intend to utilize the proceeds of the Issue to meet the following objects: –
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
Divine Power IPO Review (Apply or Not)
- Apply
Divine Power IPO Date & Price Band Details:
| IPO Open: | June 25, 2024 |
| IPO Close: | June 27, 2024 |
| IPO Size: | Approx ₹22.76 Crores, 5,690,000 Equity Shares |
| Fresh Issue: | Approx ₹22.76 Crores, 5,690,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 to ₹40 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Divine Power IPO Lot Size:
The Divine Power IPO requires a minimum market lot of 3000 shares, translating to an application amount of ₹120,000. This structure ensures that investors participate in the IPO with a substantial commitment, reflecting confidence in the company’s growth prospects and market positioning within the electrical infrastructure sector.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
Divine Power IPO Timeline:
The Divine Power IPO is scheduled to open on June 25 and will close on June 27. The allotment date for the IPO is set for June 28, with tentative plans for the IPO to be listed on July 2. These dates mark important milestones for investors and stakeholders interested in participating in Divine Power’s initial public offering.
| IPO Open Date: | June 25, 2024 |
| IPO Close Date: | June 27, 2024 |
| Basis of Allotment: | June 28, 2024 |
| Refunds: | July 1, 2024 |
| Credit to Demat Account: | July 1, 2024 |
| IPO Listing Date: | July 2, 2024 |
Divine Power IPO GMP Today:
The latest Grey Market Premium (GMP) for the Divine Power SME IPO is ₹51. Given the IPO’s price band of ₹36 to ₹40, the estimated listing price is anticipated to be ₹91 per share (cap price + current GMP). This suggests a potential percentage gain of approximately 127.50% per share upon listing.
Divine Power Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹122.90 | ₹121.79 | ₹0.81 |
| 2023 | ₹150.84 | ₹146.20 | ₹2.85 |
| 2024 | ₹222.72 | ₹214.56 | ₹6.41 |
Divine Power IPO Valuation – FY2023
Check Divine Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.06 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 25.06% |
| Net Asset Value (NAV): | ₹16.20 per Equity Share |
Peer Group
- Shera Energy Limited
- Bhagyanagar India Limited
- Rajnandini Metal Limited
- Ram Ratna Wires Limited
- Precision Wires India Limited
Company Promoters
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
Divine Power IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Divine Power IPO Allotment Status
Check Divine Power IPO allotment status on Bigshare website URL. Click Here
Divine Power IPO Lead Managers aka Merchant Bankers
- Khambatta Securities Limited
Company Address
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/
Divine Power IPO FAQs
1. What is the Divine Power IPO? The Divine Power IPO refers to the Initial Public Offering of Divine Power Energy Limited, a company specializing in the manufacturing of wires and strips essential for transformers and other electrical applications.
2. When will the Divine Power IPO open and close? The Divine Power IPO is scheduled to open on June 25 and will close on June 27, 2024.
3. What is the price band for the Divine Power IPO? The price band for the Divine Power IPO is set at ₹36 to ₹40 per share.
4. What is the minimum market lot for the Divine Power IPO? Investors are required to apply for a minimum of 3000 shares in the Divine Power IPO, amounting to ₹120,000 based on the price band.
5. How can I apply for the Divine Power IPO? Investors can apply for the Divine Power IPO through their respective stock brokers using the ASBA (Applications Supported by Blocked Amount) process.
6. What is the Grey Market Premium (GMP) for the Divine Power IPO? As of June 24th, 2024, the last reported Grey Market Premium (GMP) for the Divine Power IPO was ₹51 per share.
7. When will the Divine Power IPO allotment take place? The allotment of shares for the Divine Power IPO is scheduled for June 28, 2024.
8. When is the expected listing date of the Divine Power IPO? The Divine Power IPO is expected to be listed on the stock exchanges on July 2, 2024, subject to regulatory approvals and market conditions.
9. What is the estimated listing price of the Divine Power IPO? Based on the cap price of ₹40 and the current Grey Market Premium (GMP) of ₹51, the estimated listing price for the Divine Power IPO is ₹91 per share.
10. What is the expected percentage gain/loss per share for the Divine Power IPO? At the estimated listing price of ₹91 per share, the expected percentage gain per share would be approximately 127.50% compared to the upper end of the price band.
