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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 bidding started from June 25, 2024 and ended on June 27, 2024. The allotment for Divine Power IPO was finalized on Friday, June 28, 2024. The shares got listed on NSE SME on July 2, 2024.
Divine Power IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
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.
Refer to Divine Power IPO RHP for detailed information.
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| 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 |
| Share holding pre issue | 15,779,080 |
| Share holding post issue | 21,469,080 |
| Market Maker portion | 288,000 shares Nikunj Stock Brokers |
Divine Power IPO offers 6,142,222 shares. 1,217,110 (19.82%) to QIB, 905,134 (14.74%) to NII, 2,111,978 (34.38%) to RII and 1,620,000 (26.37%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,620,000 (26.37%) |
| Market Maker Shares Offered | 288,000 (4.69%) |
| QIB Shares Offered | 1,217,110 (19.82%) |
| NII (HNI) Shares Offered | 905,134 (14.74%) |
| Retail Shares Offered | 2,111,978 (34.38%) |
| Total Shares Offered | 6,142,222 (100%) |
Divine Power IPO raises Rs 6.48 crore from anchor investors. Divine Power IPO Anchor bid date is June 24, 2024. Divine Power IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 1,620,000 |
| Anchor Portion Size (In Cr.) | 6.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 26, 2024 |
Divine Power IPO opens on June 25, 2024, and closes on June 27, 2024.
| 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 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 2001, 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 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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,889.24 | 7,253.31 | 6,276.46 |
| Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
| Profit After Tax | 640.59 | 284.94 | 80.51 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves and Surplus | 978.62 | 338.03 | 1,231.72 |
| Total Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
| Amount in ₹ Lakhs | |||
The market capitalization of Divine Power IPO is Rs 85.88 Cr.
KPI as of March 31, 2024.
| 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 |
The company intend to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of bare copper/aluminium wires/strips etc. It marked growth in top lines for the reported periods, but the sudden boost in its bottom line for FY24 raise eyebrows. Based on FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate fund for long term. Read detail review...
The Divine Power IPO is subscribed 393.67 times on June 27, 2024 6:19:56 PM. The public issue subscribed 507.94 times in the retail category, 135.84 times in the QIB category, and 473.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 135.84 |
| NII | 473.74 |
| Retail | 507.94 |
| Total | 393.67 |
Total Application : 357,584 (507.93 times)
| Listing Date | July 2, 2024 |
| BSE Script Code | |
| NSE Symbol | DPEL |
| ISIN | INE0SCO01019 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹155.00 |
| ₹147.25 |
| ₹162.75 |
| ₹152.30 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Divine Power IPO is a SME IPO of 5,690,000 equity shares of the face value of ₹10 aggregating up to ₹22.76 Crores. The issue is priced at ₹36 to ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on June 25, 2024, and closes on June 27, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Divine Power IPO using UPI as a payment gateway. Zerodha customers can apply in Divine Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divine Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divine Power IPO opens on June 25, 2024 and closes on June 27, 2024.
Divine Power IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Divine Power IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Divine Power IPO will be done on Friday, June 28, 2024, and the allotted shares will be credited to your demat account by Monday, July 1, 2024. Check the Divine Power IPO allotment status.
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