What you must know about Divine Power Energy IPO?
by 5paisa Research Team
19 Jun 2024
Divine Power Energy IPO Details
- Open Date 25-Jun-24
- Close Date 27-Jun-24
- Lot Size 3000
- IPO Size ₹ 22.76 Cr
- IPO Price Range ₹ 36 to ₹40
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 28-Jun-24
- Refunds 01-Jul-24
- Credit to Demat Account 01-Jul-24
- Listing Date 02-Jul-24
Divine Power Energy IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jun-24 | 0.06 | 16.57 | 27.96 | 17.50 |
| 26-Jun-24 | 0.14 | 63.06 | 104.02 | 65.40 |
| 27-Jun-24 | 135.84 | 473.74 | 507.94 | 393.67 |
Divine Power Energy IPO Synopsis
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 |
About Divine Power Energy
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
Divine Power Energy Financial Status
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 |
Divine Power Energy IPO Key Points
-
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.
Divine Power Energy
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Divine Power Energy IPO FAQs
When does Divine Power Energy IPO opens and closes?
Divine Power Energy IPO opens from 25th June to 27th June 2024.
What is the size of Divine Power Energy IPO?
The size of Divine Power Energy IPO is ₹22.76 cr.
How to apply for Divine Power Energy IPO?
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.
What is the price band of Divine Power Energy IPO?
The price band of Divine Power Energy IPO is fixed at ₹36 to ₹40 per share.
What is the minimum lot size and investment required for Divine Power Energy IPO?
The minimum lot size of Divine Power Energy IPO is 3000 shares and the investment required is ₹1,08,000.
What is the allotment date of Divine Power Energy IPO?
The share allotment date of Divine Power Energy IPO is 28th June 2024.
What is Divine Power Energy IPO listing date?
The Divine Power Energy IPO will be listed on 2nd July 2024.
Who are the book runners for Divine Power Energy IPO?
Khambatta Securities Limited is the book-running lead manager for Divine Power Energy IPO.
What is the objective of 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.
Contact Details of Divine Power Energy IPO
Contact Information
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/
Divine Power Energy IPO Register
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 Lead Manager
Khambatta Securities Limited
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