Divine Power Energy Limited is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, and Winding Copper / Aluminium Strip. Winding wires/strips are manufactured by annealing and insulating wires/strips and covering them with paper, cotton, fiberglass, etc. Winding wires/ strips covered with paper, crepe paper, and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and also to fix normal wear and tear. In the current calendar year, their company started manufacturing wires/strips covered with fiberglass which are used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery, etc. The Company has supplied wires/strips covered with fiberglass to markets like Punjab, Bengaluru, and Ahmedabad. In the recent past, the Company has started trading in super-enameled wires and strips to cater to customer demand and remain competitive.
The Company mainly sells winding wires to power distribution companies and transformer manufacturers. Transformers play a critical role in power distribution by regulating the voltage from the generation source to the consumer end. The transformer steps up the voltages to higher voltages before transmission at the generator, reducing the power loss during transmission, and steps down the higher voltage to lower as required before transmitting the power to the end user. One of the critical components of a transformer is its coil which plays the role of converting electric energy to magnetic energy and then to electric energy and changes the voltage and current at the same time. The coil is made by winding the wires in a given ratio as per the capacity and ability of the transformer. Their company manufactures winding wires by insulating bare conductors (wires/strips of copper/aluminum) with paper, cotton, super enamel, fiberglass, etc. which are used to make coils of the transformers. Therefore, making their product indispensable for manufacturing transformers and hence power transmission and distribution.
Objects of the Issue:
- To meet the working capital requirements of the Company
- General Corporate Purpose
Divine Power IPO Review
- May Apply
Divine Power Energy IPO Date & Price Band Details
| IPO Open: | June 25, 2024 |
| IPO Close: | June 27, 2024 |
| IPO Size: | Approx ₹22.76 Crores, 5,690,000 Equity Shares |
| Fresh Issue: | Approx ₹22.76 Crores, 5,690,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 to ₹40 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Divine Power IPO Market Lot
The Divine Power IPO minimum market lot is 3000 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
Divine Power Energy IPO Dates
The Divine Power IPO date is June 25 and the IPO close date is June 27. The IPO allotment date is June 28 and the IPO might list on July 2.
| IPO Open Date: | June 25, 2024 |
| IPO Close Date: | June 27, 2024 |
| Basis of Allotment: | June 28, 2024 |
| Refunds: | July 1, 2024 |
| Credit to Demat Account: | July 1, 2024 |
| IPO Listing Date: | July 2, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Divine Power IPO Form
How to apply Divine Power IPO? You can apply Divine Power IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Divine Power IPO in the Invest section. The other option you can apply Divine Power IPO via IPO forms download via the BSE website. Check out the Divine Power forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Divine Power Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹122.90 | ₹121.79 | ₹0.81 |
| 2023 | ₹150.84 | ₹146.20 | ₹2.85 |
| 2024 | ₹222.72 | ₹214.56 | ₹6.41 |
Divine Power IPO Valuation – FY2023
Check Divine Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.06 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 25.06% |
| Net Asset Value (NAV): | ₹16.20 per Equity Share |
Peer Group
- Shera Energy Limited
- Bhagyanagar India Limited
- Rajnandini Metal Limited
- Ram Ratna Wires Limited
- Precision Wires India Limited
Company Promoters
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
Divine Power IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Divine Power IPO Allotment Status
Check Divine Power IPO allotment status on Bigshare website URL. Click Here
Divine Power IPO Lead Managers aka Merchant Bankers
- Khambatta Securities Limited
Company Address
Divine Power Energy
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/
