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Divine Power IPO vs Petro Carbon and Chemicals IPO

Comparision between Divine Power IPO and Petro Carbon and Chemicals IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Petro Carbon and Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

  Divine Power IPO Petro Carbon and Chemicals IPO
Logo Divine Power IPO Logo Petro Carbon and Chemicals IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Khambatta Securities Limited GYR Capital Advisors Private Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Divine Power IPO is up to ₹22.76 Cr whereas the issue size of the Petro Carbon and Chemicals IPO is up to ₹113.16 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of Petro Carbon and Chemicals IPO is ₹171.00 per share.

  Divine Power IPO Petro Carbon and Chemicals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹36.00 per share ₹162.00 per share
Issue Price (Upper) ₹40.00 per share ₹171.00 per share
Issue Price (Final) ₹40.00 per share ₹171.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 800 shares
Fresh Issue Size 56,90,000 shares
Fresh Issue Size (Amount) up to ₹22.76 Cr
OFS Issue Size 66,17,600 shares
OFS Issue Size (Amount) up to ₹113.16 Cr
Issue Size Total 56,90,000 shares 66,17,600 shares
Issue Size Total (Amount) up to ₹22.76 Cr up to ₹113.16 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while Petro Carbon and Chemicals IPO opens on Jun 25, 2024. The closing date of Divine Power IPO and Petro Carbon and Chemicals IPO is Jun 27, 2024, and Jun 27, 2024, respectively.

  Divine Power IPO Petro Carbon and Chemicals IPO
Anchor Bid Date Jun 24, 2024 Jun 24, 2024
Issue Open Jun 25, 2024 Jun 25, 2024
Issue Close Jun 27, 2024 Jun 27, 2024
Basis Of Allotment (Tentative) Jun 28, 2024 Jun 28, 2024
Initiation of Refunds (Tentative) Jul 01, 2024 Jul 01, 2024
Credit of Share (Tentative) Jul 01, 2024 Jul 01, 2024
Listing date (Tentative) Jul 02, 2024 Jul 02, 2024
Anchor Lockin End date 1 Jul 28, 2024 Jul 28, 2024
Anchor Lockin End date 2 Sep 26, 2024 Sep 26, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to Petro Carbon and Chemicals IPO P/E ratio of 66.02.

  Divine Power IPO Petro Carbon and Chemicals IPO
Financial

Divine Power Energy Limited Financial Information (Restated)

Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets8,889.247,253.316,276.46
Revenue22,272.0015,084.2012,290.38
Profit After Tax640.59284.9480.51
Net Worth2,556.531,915.941,246.00
Reserves and Surplus978.62338.031,231.72
Total Borrowing5,785.444,763.844,466.34
Amount in ₹ Lakhs

Petro Carbon and Chemicals Limited Financial Information (Restated Standalone)

Petro Carbon and Chemicals Limited's revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets27,432.3526,379.1227,703.5615,992.29
Revenue44,711.1151,760.9927,990.7015,528.68
Profit After Tax7,031.16672.65570.9911.64
Net Worth10,653.343,752.813,080.172,509.17
Reserves and Surplus12,528.215,561.064,973.204,489.97
Total Borrowing8,063.0217,582.7819,418.008,182.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue)
P/E Ratio 9.85 66.02
Market Cap ₹85.88 Cr.
ROE 25.06%%
ROCE 16.25%% 60.36%%
Debt/Equity 2.26 0.54
EPS ₹4.06
RoNW 25.06%% 66.00%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in Petro Carbon and Chemicals IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 12,36,800 shares in Petro Carbon and Chemicals IPO.

  Divine Power IPO Petro Carbon and Chemicals IPO
Anchor Investor Reserveration 16,20,000 shares 18,55,200 shares
Market Maker Reserveration 2,88,000 shares 4,30,400 shares
QIB 12,17,110 shares 12,36,800 shares
NII 9,05,134 shares 9,28,800 shares
RII 21,11,978 shares 21,66,400 shares
Employee 0 shares 0 shares
Others
Total 42,34,222 shares 43,32,000 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas Petro Carbon and Chemicals IPO subscribed 92.01x.

  Divine Power IPO Petro Carbon and Chemicals IPO
QIB (times) 135.84x 94.49x
NII (times) 473.74x 129.91x
Big NII (times)
Small NII (times)
RII (times) 507.94x 74.34x
Employee (times)
Other (times)
Total (times) 393.67x 92.01x

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