Divine Power Energy Limited IPO (Divine Power IPO)

Divine Power Energy Limited IPO
Upcoming Divine Power IPO | New Divine Power IPO

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

Divine Power IPO – Details

IPO Opening Date25 June 2024
IPO Closing Date27 June 2024
Issue TypeBook Built Issue IPO
Issue SizeTotal 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 Lot3000 Shares
Min Order3000 Shares (1 Lot )
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Divine Power IPO – Date Schedule

IPO Open Date25 June 2024
IPO Close Date27 June 2024
Basis of Allotment28 June 2024
Initiation of Refund01 July 2024
Credit of Shares to Demat Account01 July 2024
IPO Listing Date02 July 2024
Cut-off time for UPI mandate confirmation5 PM on June 27, 2024

Divine Power IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)13000₹1,20,000
Retail (Maximum)13000₹1,20,000
HNI (Minimum)26000₹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
Divine Power IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2022122.90121.790.8044.66
31 March 2023150.84146.192.8447.63
31 March 2024222.72214.566.4057.85
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)2.88
EPS (Rs)4.062.98
P/E (x)9.8513.41

Divine Power IPO Promoter Holding

Pre Issue Share Holding100.00%
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

Divine Power IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Divine Power IPO Lead Manager(s)

1. Khambatta Securities Limited

Divine Power IPO FAQs

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.
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