Divine Power IPO description – Divine Power Energy manufactures Bare Copper and Aluminium Wire, Bare Copper and Aluminium Strip, Winding Copper and Aluminium Wire, and Winding Copper and Aluminium Strip. Winding wires and strips undergo a process that includes annealing, insulation, and covering with materials such as paper, cotton, and fiberglass.
The company has distributed fiberglass-covered wires and strips to various markets, including Punjab, Bengaluru, and Ahmedabad, with promising opportunities in Maharashtra. Not able clients of the company include TATA Power, BSES, Madhyanchal Vidyut Vitaran Nigam, Purvanchal Vidyut Vitaran Nigam, Uttarakhand Power Corporation, and more operating in states such as Uttar Pradesh, Haryana, and Rajasthan.
As of June 2024, the company’s manufacturing facility boasts an installed capacity to process 300 metric tonnes of aluminum and 400 metric tonnes of copper each month. The company has a total of 40 permanent employees.
Promoters of Divine Power – Mr. Rajesh Giri, Mr. Vikas Talwar and Ms. Dali Giri
Table of Contents
Divine Power IPO Details
| Divine Power IPO Dates | 25 – 27 June 2024 |
| Divine Power Issue Price | INR 36 – 40 per share |
| Fresh issue | 56,90,000 shares (INR 20.48 – 22.76 crore) |
| Offer For Sale | NIL |
| Total IPO size | 56,90,000 shares (INR 20.48 – 22.76 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Divine Power Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 122.49 | 150.59 | 222.08 |
| Expenses | 121.66 | 146.20 | 214.56 |
| Net income | 0.90 | 2.85 | 6.41 |
Divine Power Offer News
- Divine Power RHP
- Divine Power Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Divine Power Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.66 | 2.31 | 4.06 |
| PE ratio | – | – | 8.87 – 9.85 |
| RONW (%) | 6.46 | 14.87 | 25.06 |
| NAV | 10.15 | 15.51 | 16.20 |
| ROCE (%) | 8.87 | 14.77 | 18.05 |
| EBITDA (%) | 4.66 | 6.87 | 6.76 |
| Debt/Equity | 3.57 | 2.46 | 2.24 |
Divine Power IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 July 2024 | 60 | – | 1,32,000 |
| 29 June 2024 | 60 | – | 1,32,000 |
| 28 June 2024 | 62 | – | 1,35,000 |
| 27 June 2024 | 60 | – | 1,31,000 |
| 26 June 2024 | 58 | – | 1,28,000 |
| 25 June 2024 | 51 | – | 1,07,500 |
| 24 June 2024 | 50 | – | 1,05,000 |
| 22 June 2024 | 40 | – | 93,000 |
| 21 June 2024 | 40 | – | 93,000 |
| 20 June 2024 | 25 | – | 62,500 |
Divine Power IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,17,110 | 9,05,134 | 21,11,978 | 42,34,222 |
| 27 Jun 2024 | 135.84 | 474.06 | 507.94 | 393.74 |
| 26 Jun 2024 | 0.14 | 63.07 | 102.54 | 64.67 |
| 25 Jun 2024 | 0.06 | 15.36 | 22.18 | 14.37 |
The market maker reservation portion of 2,88,000 shares and anchor allocation portion of 16,20,000 shares are not included in the above calculations.
Divine Power IPO Allotment Status
Divine Power IPO allotment status is now available on the Bigshare Services website. Click on this link to get allotment status.
Divine Power IPO Dates & Listing Performance
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Finalization of Basis of Allotment | 28 June 2024 |
| Initiation of refunds | 1 July 2024 |
| Transfer of shares to demat accounts | 1 July 2024 |
| IPO Listing Date | 2 July 2024 |
| Opening Price on NSE Emerge | INR 155 per share (up 287.50%) |
| Closing Price on NSE Emerge | INR 152.30 per share (up 280.75%) |
Divine Power Offer Lead Manager
KHAMBATTA SECURITIES LIMITED
806, 8th Floor, Tower-B, World Trade Tower, Noida
Sector-16, Uttar Pradesh-201301, India
Phone: +91-9953989693
Email:Â [email protected]
Website:Â www.khambattasecurities.com
Divine Power Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Divine Power Energy IPO Contact Details
DIVINE POWER ENERGY LIMITED
Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal
Vihar, New Delhi-110092, India
Phone: 011-36001992/ 2842
E-mail: [email protected]
Website: www.dpel.in
IPO FAQs
What is the Divine Power offer size?
Divine Power’s offer size is INR 20.48 – 22.76 crores.
What is the Divine Power offer price band?
Divine Power’s public offer price is INR 36 – 40 per share.
What is the lot size of the Divine Power IPO?
Divine Power offer a lot size is 3,000 shares.
What is Divine Power IPO GMP today?
Divine Power IPO GMP today is INR 60 per share.
What is the Divine Power kostak rate today?
Divine Power kostak rate today is INR NA per application.
What is Divine Power Subject to the Sauda rate today?
Divine Power is Subject to the Sauda rate today is INR 1,32,000 per application.
