Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Tue, Jun 25, 2024 - Thu, Jun 27, 2024
Divine Power Energy IPO is a book build issue of ₹22.75 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹22.75 crore.
Divine Power Energy IPO bidding started from Jun 25, 2024 and ended on Jun 27, 2024. The allotment for Divine Power Energy IPO was finalized on Jun 28, 2024. The shares got listed on NSE SME on Jul 2, 2024.
Divine Power Energy IPO price band is set at ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Khambatta Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Divine Power Energy IPO RHP for detailed Information.
IPO Open
Tue, Jun 25, 2024
IPO Close
Thu, Jun 27, 2024
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹85.88 Cr
| IPO Date | 25 to 27 Jun, 2024 |
| Listed on | Tue, Jul 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 56,88,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,88,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 54,00,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 54,00,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,57,79,080 shares |
| Share Holding Post Issue | 2,14,69,080 shares |
| NSE Symbol | DPEL |
| ISIN | INE0SCO01019 |
Divine Power Energy IPO comprises a total issue size of 56,88,000 shares. The net offer to the public is 54,00,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 27,00,000 (50.00%) are allocated to QIB, 8,10,000 (15.00%) allocated to NII 18,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,00,000 | 50.00% | 47.47% |
| − Anchor Investor Shares Offered | 16,20,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 10,80,000 | 18.99% | |
| NII (HNI) Shares Offered | 8,10,000 | 15.00% | 14.24% |
| Retail Shares Offered | 18,90,000 | 35.00% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.06% | |
| Total Shares Offered | 56,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Divine Power Energy IPO raises ₹6.48 crore from anchor investors. Divine Power Energy IPO Anchor bid date is June 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 24, 2024 |
| Shares Offered | 16,20,000 |
| Anchor Portion (₹ Cr.) | 6.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jul 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Sep 26, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 88.89 | 72.53 | 62.76 |
| Total Income | 222.72 | 150.84 | 122.90 |
| Profit After Tax | 6.41 | 2.85 | 0.81 |
| NET Worth | 25.57 | 19.16 | 12.46 |
| Reserves and Surplus | 9.79 | 3.38 | 12.32 |
| Total Borrowing | 57.85 | 47.64 | 44.66 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement including margin money | 18.00 |
| 2 | General Corporate Purpose | 3.50 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| PAT Margin | 2.88% |
| Price to Book Value | 2.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.06 | 2.98 |
| P/E (x) | 9.85 | 13.41 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹85.88 Cr. |
The Divine Power IPO is subscribed 393.67 times on June 27, 2024 6:19:56 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 135.84 | 12,17,110 | 16,53,36,000 |
| NII* | 473.74 | 9,05,134 | 42,87,99,000 |
| Retail | 507.94 | 21,11,978 | 1,07,27,52,000 |
| Total | 393.67 | 42,34,222 | 1,66,68,87,000 |
Total Application : 3,57,584
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker | 0.40 |
| 2 | Fees Payable to Registrar to the Issue | 0.08 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.40 |
| 4 | Fees Payable to Market Maker, Escrow Bank Account Fees, Peer Review Auditor, Legal Counsel fee, Statutory Expenses, expenses towards printing, Fee towards Market Maker, Underwriting commission, Regulators including Stock Exchanges and other Intermediaries | 0.37 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹162.75 |
| Last Trade | ₹152.30 |
Lead Manager Reports
Divine Power Energy IPO is a SME IPO of 56,88,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jun 25, 2024, and closes on Thu, Jun 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 Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Divine Power Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divine Power Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divine Power Energy IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024.
Divine Power Energy IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Divine Power Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Divine Power Energy IPO will be done on Friday, June 28, 2024, and the allotted shares will be credited to your demat account by Mon, Jul 1, 2024. Check the Divine Power Energy IPO allotment status.
The Divine Power Energy IPO listing date is on Tue, Jul 2, 2024.
