Divine Power Energy Limited 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.
Divine Power IPO – Details
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 56,90,000 Shares Worth ₹22.76 Crore Fresh Issue: 56,90,000 Shares Worth ₹22.76 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 – ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot ) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Divine Power IPO – Date Schedule
| IPO Open Date | 25 June 2024 |
| IPO Close Date | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Initiation of Refund | 01 July 2024 |
| Credit of Shares to Demat Account | 01 July 2024 |
| IPO Listing Date | 02 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Divine Power IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | ₹1,20,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,20,000 |
| HNI (Minimum) | 2 | 6000 | ₹2,40,000 |
Competitive Strengths
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance.
- Strong long-standing relationships with clients & suppliers within the industry.
- Strong, experienced and dedicated senior management team and qualified workforce.
Company Promoters
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
Object Of The Issue
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 122.90 | 121.79 | 0.80 | 44.66 |
| 31 March 2023 | 150.84 | 146.19 | 2.84 | 47.63 |
| 31 March 2024 | 222.72 | 214.56 | 6.40 | 57.85 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| P/BV | 2.47 |
| PAT Margin (%) | 2.88 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.06 | 2.98 |
| P/E (x) | 9.85 | 13.41 |
Divine Power IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Divine Power IPO Prospectus
Company Contact Information
| Divine Power Energy Limited 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 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 Lead Manager(s)
| 1. Khambatta Securities Limited |
Divine Power IPO FAQs
| What is Divine Power IPO? Divine Power IPO is a SME IPO. The issue is priced at ₹63 – ₹40 per equity share. The IPO is to be listed on NSE SME. |
| When Divine Power IPO will open? The IPO is to open on 25 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Divine Power IPO? You can apply for Divine Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Divine Power IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Divine Power”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Divine Power IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Divine Power”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Divine Power IPO Size? Divine Power IPO size is ₹22.76 crores. |
| What is Divine Power IPO Price Band? Divine Power IPO Price Band is ₹36 – ₹40. |
| What is Divine Power IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the Divine Power IPO Allotment Date? Divine Power IPO allotment date is 28 June 2024. |
| What is the Divine Power IPO Listing Date? Divine Power IPO listing date is 02 July 2024. The IPO is to list on NSE SME. |
