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Divine Power Energy Limited, founded in 2001 makes various types of copper and aluminum wires and strips. They specialize in winding wires and strips which are created by heating, insulating and wrapping them with materials like paper, cotton and fiberglass.
The company mainly supplies these winding wires to power distribution companies and transformer manufacturers.
Some of their clients are TATA Power, BSES and several regional electricity boards including those in Pashchimanchal, Dakshinanchal, Madhyanchal, Purvanchal and Uttarakhand.
Divine Power Energy IPO Overview
Divine Power Energy is planning to raise ₹22.76 crores through IPO selling fresh shares at the price band between ₹36 -₹40 each. The IPO will be open from June 25 to June 27. Share allotment is expected to be completed by June 28, 2024 and shares are scheduled to be listed on NSE SME segment by July 2, 2024.
Currently, company’s promoters own 100% of the company. Bigshare Services is responsible for handling the IPO registration.
Divine Power Energy IPO GMP
As of June 24, Divine Power Energy IPO has a Grey Market Premium of ₹51. With the upper price band set at ₹40, the estimated listing price is ₹91 (Upper price band + today’s GMP). Indicating a gain of 127.5% per share.
Stay tuned with Trade Target for daily updates on Divine Power Energy IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Divine Power Energy GMP: ₹61 (152.5%)
- Date: 26– June – 2024
- Divine Power Energy GMP: ₹61 (152.5%)
- Date: 25– June – 2024
- Divine Power Energy GMP: ₹61 (152.5%)
- Date: 24– June – 2024
- Divine Power Energy GMP: ₹51 (127.5%)
How can one apply for Divine Power Energy IPO?
For retail investors minimum investment starts with 1 lot including 3000 shares at a cost of ₹120,000 and this is the maximum limit for retail investors to apply in Divine Power Energy IPO.
For HNIs minimum investment in Divine Power Energy’s IPO is set at 2 lots which includes 6000 shares and costs ₹240,00.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
3000 |
₹120,000
|
|
Retail (Max) |
1 |
3000 |
₹120,000
|
|
S-HNI (Min) |
2 |
6000 |
₹240,000
|
Divine Power Energy IPO Financial
As of March 31, 2024, Divine Power Energy reported a profit after tax of ₹640.59 lakhs. This marks an increase compared to previous years with a PAT of ₹284.94 lakhs on March 31, 2023, and ₹80.51 lakhs on March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
8,889.24
|
7,253.31
|
6,276.46
|
|
Revenue (₹ Lakhs) |
8,889.24
|
7,253.31
|
6,276.46
|
|
PAT (₹ Lakhs)
|
640.59
|
284.94
|
80.51
|
|
Total Borrowing (₹ Lakhs)
|
5,785.44
|
4,763.84
|
4,466.34
|
Divine Power Energy IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Divine Power Energy IPO
- Subscription Period: 25 June to 27 June
- Basis of Allotment Finalization: 1 July 2024
- Initiation of Refunds: 1 July 2024
- Demat Credits: 1 July 2024
- Listing Date: 2 July 2024
- Listing on: NSE SME
