Divine Power IPO Date, Review, Price, Allotment Details

Divine Power IPO Details: Divine Power IPO date is fixed, The IPO will open on June 25 and will close on June 27. Divine Power Energy is a NSE SME IPO to raise ₹22.76 crores via IPO. The Divine Power IPO price band is fixed at ₹36 to ₹40 with a market lot of 3000 shares.

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Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹120,000
Retail Maximum13000₹120,000
S-HNI Minimum26000₹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
YearRevenueExpensePAT
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/

Divine Power IPO FAQs


What is Divine Power IPO?

Divine Power IPO is an NSE SME IPO. They are going to raise ₹22.76 Crores via IPO. The issue is priced at ₹36 to ₹40 per equity share. The IPO is to be listed on NSE.

When Divine Power IPO will open?

The IPO is to open on June 25, 2024 for QIB, NII, and Retail Investors.

What is Divine Power IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Divine Power IPO?

You can apply Divine Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Divine Power IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Divine Power”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Divine Power IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Divine Power”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Divine Power IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Divine Power”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Divine Power IPO Size?

Divine Power IPO size is ₹22.76 crores.

What is Divine Power IPO Price Band?

Divine Power IPO Price Band is ₹36 to ₹40 per equity share.

What is Divine Power IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹120,000.

What is Divine Power IPO Allotment Date?

Divine Power IPO allotment date is June 28, 2024.

What is Divine Power IPO Listing Date?

Divine Power IPO listing date is July 2, 2024. The IPO to list on NSE SME.

Note: The Divine Power IPO details are announced officially. The IPO grey market premium (Divine Power IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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