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divine power energy ipo

Divine Power Energy IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 3000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    02 Jul 2024

  • Listing Price

    ₹ 155.00

  • Listing Change

    inf%

  • Last Traded Price

    ₹ 142.05

IPO Details

  • Open Date

    25 Jun 2024

  • Close Date

    27 Jun 2024

  • IPO Price Range

    ₹ 36 to ₹40

  • IPO Size

    ₹ 22.76 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    02 Jul 2024

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IPO Timeline

Divine Power Energy IPO Subscription Status

Last Updated: 05 July 2024 10:31 AM by 5Paisa

Last Updated: 27th June 2024, by 5paisa

Divine Power Energy IPO is all set to open from 25th June to 27th June 2024. The company manufactures different types of Copper and Aluminium wires and strips. The IPO includes a fresh issue of 5,690,000 shares worth ₹22.76 cr. The share allotment date is 28th June 2024, and the IPO will be listed on 2nd July 2024 on the stock exchanges. The price band is ₹36 to ₹40 and the lot size is 3000 shares.    

Khambatta Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Divine Power IPO

Divine Power Energy Limited plans to utilize the raised capital from the IPO to:
●    To fund the working capital requirement.
●    General corporate purposes.
 

Divine Power IPO Size

Types Size (₹Cr)
Total IPO size 22.76
Offer for sale 22.76
Fresh issue -

Divine Power IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
HNI (Min) 2 6000 ₹240,000

Divine Power IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 135.84 12,17,110 16,53,36,000 661.34
NII (HNI) 473.74 9,05,134 42,87,99,000 1,715.20
Retail 507.94 21,11,978 1,07,27,52,000 4,291.01
Total 393.67 42,34,222 1,66,68,87,000 6,667.55

Divine Power IPO Anchor Allocation

Anchor Bid Date 24 June, 2024
Total no. of shares offered 1,620,000
Portion Size for Anchor Investors 6.48 Cr. 
Lock in Period for 50% shares (30 days) 28 July, 2024
Lock in Period for rest of shares (90 days) 26 September, 2024

Divine Power Energy manufactures different types of Copper and Aluminium wires and strips. This includes Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, and Winding Copper / Aluminium Strip. 

The company sells the manufactured winding wires to power distribution companies and transformer manufacturers. Some of its rewed clients are 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

It supplies wires / strips covered with fibreglass in various geographical markets including Punjab, Bengaluru, and Ahmedabad. Its manufacturing unit is based in Sahibabad, Ghaziabad.

Peer Comparison

●    Shera Energy Limited
●    Bhagyanagar India Limited
●    Rajnandini Metal Limited
●    Ram Ratna Wires Limited
●    Precision Wires India Limited

For More Information
Webstory on Divine Power Energy IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 222.08 150.58 122.49
EBITDA 15.00 10.34 5.71
PAT 6.40 2.84 0.80
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 88.89 72.53 62.76
Share Capital 15.77 15.77 0.14
Total Borrowings 63.32 53.37 50.30
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities -2.82 1.90 4.71
Net cash from / (used in) investing activities -2.41 -4.14 -1.61
Net cash flow from / (used in) financing activities 5.25 2.55 -3.52
Net increase (decrease) in cash and cash equivalents 0.018 0.31 -0.42

Strengths

1.    The company has state-of-the-art manufacturing technology.
2.    It offers a wide range of our products.
3.    It also has the capability to customize products.
4.    It has International Accreditations and product approval.
5.    It is one of the growing brands in Copper Wire, Aluminium Wire and allied products.
6.    The company has a Multi-fold demand for its Products.
7.    It has a strong customer base.
8.    Experienced promoters and management team.
 

Risks

1.    It has significant working capital requirements.
2.    The industry is fragmented and competitive. 
3.    It has reported negative cash flow in the past. 
4.    Its profit margins are affected by the prices of Copper and Aluminium owing to their cyclical nature.
5.    The major source of revenue is generated from Uttar Pradesh and Punjab.
 

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FAQs

Divine Power Energy IPO opens from 25th June to 27th June 2024.
 

The size of Divine Power Energy IPO is ₹22.76 cr. 
 

To apply for Divine Power Energy IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Divine Power Energy IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.  

You will receive a mandate notification to block funds in your UPI app.
 

The price band of Divine Power Energy IPO is fixed at ₹36 to ₹40 per share. 
 

The minimum lot size of Divine Power Energy IPO is 3000 shares and the investment required is ₹1,08,000.
 

The share allotment date of Divine Power Energy IPO is 28th June 2024.
 

The Divine Power Energy IPO will be listed on 2nd July 2024.
 

Khambatta Securities Limited is the book-running lead manager for Divine Power Energy IPO.
 

Divine Power Energy plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes.