Wagons Learning IPO: A Comprehensive Overview...
30 Apr, 2025
Divine Power Energy Limited IPO
Divine Power Energy Limited manufactures Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, etc. Winding wires/strips are manufactured by annealing and insulating wires/strips and covering them with paper, cotton, fiberglass, etc. Winding wires/ strips covered with paper, crepe paper, and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and fix normal wear and tear. In the current calendar year, their company started manufacturing wires/strips covered with fiberglass which are used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery, etc. Divine Power IPO is a book-built issue of Rs 22.76 crores.
The issue is entirely a fresh issue of 56.9 lakh shares. Divine Power IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the Divine Power IPO is expected to be finalized on Friday, June 28, 2024. Divine Power IPO price band is set at â¹36 to â¹40 per share. The minimum lot size for an application is 3000 Shares. Khambatta Securities Limited is the book-running lead manager of the Divine Power IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Divine Power IPO is Nikunj Stock Brokers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Divine Power Energy Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Divine Power Energy Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Fresh Issue | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 15,779,080 |
| Shareholding post issue | 21,469,080 |
| Market Maker portion | 288,000 shares Nikunj Stock Brokers |
Divine Power Energy Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Divine Power Energy Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6000 | ₹240,000 |
Divine Power Energy Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Competitive Strength:
- To meet the working capital requirements of the Company.
- General Corporate Purpose.
Divine Power Energy Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 8,889.24 | 22,272.00 | 640.59 | 2,556.53 | 5,785.44 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 7,253.31 | 15,084.20 | 284.94 | 1,915.94 | 4,763.84 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 6,276.46 | 12,290.38 | 80.51 | 1,246.00 | 4,466.34 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| PAT Margin (%) | 2.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.06 | 2.98 |
| P/E (x) | 9.85 | 13.41 |
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What is Divine Power IPO?
Divine Power IPO is an NSE SME IPO. They are going to raise ₹22.76 Crores via IPO. The issue is priced at ₹36 to ₹40 per equity share. The IPO is to be listed on NSE.
-
When will the Divine Power IPO open?
The IPO is to open on June 25, 2024 for QIB, NII, and Retail Investors.
