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Divine Power Energy IPO vs Visaman Global Sales IPO

Comparison between Divine Power Energy IPO and Visaman Global Sales IPO.

IPO Details

Divine Power Energy IPO is a SME Fixed Price IPO proposed to list at NSE SME while Visaman Global Sales IPO is a SME Fixed Price proposed to list at NSE SME.

 Divine Power Energy IPOVisaman Global Sales IPO
LogoDivine Power Energy IPO LogoVisaman Global Sales IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersKhambatta Securities Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Divine Power Energy IPO is up to ₹21.60 Cr whereas the issue size of the Visaman Global Sales IPO is up to ₹15.22 Cr. The final issue price of Divine Power Energy IPO is ₹40.00 per share and of Visaman Global Sales IPO is ₹43.00 per share.

 Divine Power Energy IPOVisaman Global Sales IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹40.00 per share₹43.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares3000 shares
Fresh Issue Size54,00,000 shares35,40,000 shares
Fresh Issue Size (Amount)up to ₹21.60 Crup to ₹15.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total54,00,000 shares35,40,000 shares
Issue Size Total (Amount)up to ₹21.60 Crup to ₹15.22 Cr

IPO Timetable

Divine Power Energy IPO opens on Jun 25, 2024, while Visaman Global Sales IPO opens on Jun 24, 2024. The closing date of Divine Power Energy IPO and Visaman Global Sales IPO is Jun 27, 2024, and Jun 26, 2024, respectively.

 Divine Power Energy IPOVisaman Global Sales IPO
Anchor Bid DateJun 24, 2024
Issue OpenJun 25, 2024Jun 24, 2024
Issue CloseJun 27, 2024Jun 26, 2024
Basis Of Allotment (Tentative)Jun 28, 2024Jun 27, 2024
Initiation of Refunds (Tentative)Jul 01, 2024Jun 28, 2024
Credit of Share (Tentative)Jul 01, 2024Jun 28, 2024
Listing date (Tentative)Jul 02, 2024Jul 01, 2024
Anchor Lockin End date 1Jul 28, 2024
Anchor Lockin End date 2Sep 26, 2024

Financials & KPIs

Divine Power Energy IPO P/E ratio is 9.85, as compared to Visaman Global Sales IPO P/E ratio of 38.25.

 Divine Power Energy IPOVisaman Global Sales IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets88.8972.5362.76
Total Income222.72150.84122.90
Profit After Tax6.412.850.81
NET Worth25.5719.1612.46
Reserves and Surplus9.793.3812.32
Total Borrowing57.8547.6444.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets80.0258.6439.8227.27
Total Income206.91376.05324.07136.36
Profit After Tax1.021.130.950.33
NET Worth10.959.946.605.66
Reserves and Surplus3.952.941.800.86
Total Borrowing56.9143.4613.867.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100.00%
Promoter Shareholding (Post-Issue)73.5%72.98%
P/E Ratio9.8538.25
Market Cap₹85.88 Cr.₹59.39 Cr.
ROE25.069.28
ROCE16.258.02
Debt/Equity2.265.20
EPS₹4.06₹1.12
RoNW25.069.28

Shares Offered

In the Divine Power Energy IPO Retail Individual Investors (RII) are offered 18,90,000 shares while in Visaman Global Sales IPO retail investors are offered 18,90,000 shares. Qualified Institutional Buyers (QIB) are offered 10,80,000 shares in Divine Power Energy IPO and 0 shares in Visaman Global Sales IPO.

 Divine Power Energy IPOVisaman Global Sales IPO
Anchor Investor Reservation16,20,000 shares0 shares
Market Maker Reservation2,88,000 shares1,92,000 shares
QIB10,80,000 shares0 shares
NII8,10,000 shares17,70,000 shares
RII18,90,000 shares17,70,000 shares
Employee0 shares
Total54,00,000 shares35,40,000 shares

Bids Received (Subscription)

Divine Power Energy IPO subscribed 308.68x in total, whereas Visaman Global Sales IPO subscribed 39.83x.

 Divine Power Energy IPOVisaman Global Sales IPO
QIB (times)153.09x
NII (times)529.38x28.12x
RII (times)567.59x51.54x
Total (times)308.68x39.83x

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Divine Power Energy IPO Vs Visaman Global Sales IPO