The Divine Power IPO has begun on 25-June-2024. It will close on 27-June-2024. The Total IPO Size is 22.76 Crores.
Divine Power has set its IPO price is 36-40 Rs Per Share. They divided IPO into three general categories 1) QIB 2) Retail 3) NII.
Divine Power is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, Winding Copper / Aluminium Strip.
Winding wires / strips are manufactured by annealing and insulating wires / strips and covering them with paper, cotton, fiberglass etc
Company mainly sells winding wires to the power distribution companies and transformer manufacturers.
The Company has supplied wires / strips covered with fiberglass to markets like Punjab, Bengaluru, Ahmedabad and see good prospects from markets like Maharashtra.
clients such as 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.
Peers
1) Shera Energy Limited
2) Bhagyanagar India Limited
3) Rajnandini Metal Limited
4) Ram Ratna Wires Limited
5) Precision Wires India Limited
Check :- Upcoming SME IPO 2024
Divine Power IPO Promotor Holding
Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri are the promoters of the company.
Divine Power IPO Date, Details & Price Band
| IPO Opening Dates | 25-June-2024 |
| IPO Closing Dates | 27-June-2024 |
| Price Band | 36-40 Rs |
| Fresh Issue | 22.76 Crore |
| Total IPO size | 22.76 Crore |
| Minimum bid (lot size) | 3000 Shares |
| Face Value | 10 INR Per Share |
| Listing On | NSE SME |
Divine Power IPO Market Lot
The Divine Power IPO minimum market lot is 3000 shares With 120,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 3000 | 120,000 Rs |
| Maximum | 1 | 3000 | 120,000 Rs |
| S-HNI (Min) | 2 | 6,000 | 240,000 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-24 | 8,889.24 | 22,272.00 | 640.59 |
| 31-Mar-23 | 7,253.31 | 15,084.20 | 284.94 |
| 31-Mar-22 | 6,276.46 | 12,290.38 | 80.51 |
Divine Power IPO GMP Grey Market Premium
Divine Power IPO GMP Grey market premium has been started today. Check Latest Divine Power IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Divine Power IPO Prospectus
| DRHP | Download |
| RHP | Download |
Divine Power IPO Reviews
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Divine Power IPO Form Download
Divine Power IPO is available on NSE Website as well as on our Portal. Please click here
Divine Power IPO form Download.
Divine Power IPO Allotment Date & Details
| Allotment Date | 28-June-2024 |
| Initiation of refunds | 01-July-2024 |
| Transfer of shares to Demat accounts | 01-July-2024 |
| Listing Date | 02-July-2024 |
| Check Allotment Status | Click here |
Registrar of Divine Power IPO
Bigshare Services Private Limited
S6-2, 6th Pinnacle Business Park, Mahakali Caves
Road, next to Ahura Centre, Andheri East, Mumbai–
400093, Maharashtra, India.
Tel.: +91 22 6263 8200, Fax: +91 22 6263 8299
E-Mail: [email protected]
Investor Grievance Email:
[email protected]
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale
SEBI Regn. No.: INR000001385
Divine Power Contact Details
Divine Power Energy Limited
Unit No. Offices, 1st Floor
CSC-II, B-Block, Surajmal Vihar
New Delhi-110092,
Phone: 011-36001992
Email: [email protected]
Website: https://www.dpel.in/
Divine Power IPO Lead Managers
KHAMBATTA SECURITIES LIMITED
806, 8th Floor, Tower-B, World Trade Tower, Noida
Sector-16, Uttar Pradesh-201301, India.
Tel: +91-9953989693, 0120-4415469
Email: [email protected]
Investor Grievance Email:
[email protected]
Website: www.khambattasecurities.com
Contact Person: Mr. Chandan Mishra;
Mr. Vipin Aggarwal
SEBI Registration No.: INM000011914