Divine Power Energy IPO Detail
Incorporated in 2001, Divine Power Energy manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc.
The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra.
The company primarily sells winding wires to power distribution companies and transformer manufacturers.
The company's clients include 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 company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month.
DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.
As of June 2024, the company employs a total of 40 people in various departments.
Company Promoters
Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.IPO Details
| IPO Opening Date | Jun 25, 2024 |
| IPO Closing Date | Jun 27, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 - 40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹22.76 Cr |
| Fresh Issue | ₹22.76 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.06x | 0.00x | 0.00x | 16.65x | 28.26x | 17.67x |
| Day 2 | 0.14x | 0.00x | 0.00x | 63.18x | 104.66x | 65.75x |
| Day 3 | 135.84x | 0.00x | 0.00x | 473.74x | 507.94x | 393.67x |
IPO Tentative Timetable
The Divine Power Energy IPO open date is Jun 25, 2024, and the close date is Jun 27, 2024. The issue may list on Jul 02, 2024.
| IPO Open Date | Jun 25, 2024 |
| IPO Close Date | Jun 27, 2024 |
| Basis of Allotment Date | Jun 28, 2024 |
| Initiation of Refunds | Jul 01, 2024 |
| Credit of Shares to Demat Account | Jul 01, 2024 |
| IPO Listing Date | Jul 02, 2024 |
IPO Lot Size
The Divine Power Energy IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 6276.46 | 12290.38 | 80.51 |
| 31-Mar-23 | 7253.31 | 15084.20 | 284.94 |
| 31-Jan-24 | 8889.24 | 22272.00 | 640.59 |
Objects of the Issue:
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 Energy IPO Registrar:
Bigshare Services Pvt Ltd
Divine Power Energy IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
Divine Power Energy
Unit No. Offices, 1st Floor
CSC-II, B-Block, Surajmal Vihar
New Delhi-110092
