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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 ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares). The minimum lot size investment for 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 Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹40 per share |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,88,000 shares (aggregating up to ₹22.75 Cr) |
| Reserved for Market Maker | 2,88,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.15 Cr) |
| Net Offered to Public | 54,00,000 shares (aggregating up to ₹21.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,57,79,080 shares |
| Share Holding Post Issue | 2,14,69,080 shares |
Divine Power IPO offers total 56,88,000 shares. Out of which 27,00,000 (47.47%) allocated to QIB, 10,80,000 (18.99%) allocated to QIB, 8,10,000 (14.24%) allocated to NII, 18,90,000 (33.23%) allocated to RII and 16,20,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.06%) |
| QIB Shares Offered | 27,00,000 (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 (14.24%) |
| Retail Shares Offered | 18,90,000 (33.23%) |
| Total Shares Offered | 56,88,000 (100.00%) |
Divine Power Energy IPO raises ₹6.48 crore from anchor investors. Divine Power Energy IPO Anchor bid date is June 24, 2024. Divine Power Energy IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 16,20,000 |
| 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 Energy IPO opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tue, Jun 25, 2024 |
| IPO Close Date | Thu, Jun 27, 2024 |
| Tentative Allotment | Fri, Jun 28, 2024 |
| Initiation of Refunds | Mon, Jul 1, 2024 |
| Credit of Shares to Demat | Mon, Jul 1, 2024 |
| Tentative Listing Date | Tue, Jul 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 27, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 Energy IPO is ₹85.88 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 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...
| Listing Date | July 2, 2024 |
| BSE Script Code | |
| NSE Symbol | DPEL |
| ISIN | INE0SCO01019 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹162.75 |
| Last Trade | ₹152.30 |
Divine Power Energy Ltd.
Unit No. Offices, 1st Floor
CSC-II, B-Block,
Surajmal Vihar
New Delhi, 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
Divine Power Energy IPO is a SME IPO of 56,88,000 equity shares of the face value of ₹10 aggregating up to ₹22.75 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
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 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 June 25, 2024 and closes on June 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 Monday, July 1, 2024. Check the Divine Power Energy IPO allotment status.
The Divine Power Energy IPO listing date is on Tuesday, July 2, 2024.
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