The Divine Power Energy IPO minimum market lot is 3000 shares with ₹120,000 application amount. The Divine Power Energy IPO is a SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Divine Power Energy IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.06 | 0.14 | 135.84 |
| NII | 16.65 | 63.18 | 473.74 |
| RII | 28.26 | 104.66 | 507.94 |
| Total | 17.67 | 65.75 | 393.67 |
Divine Power Energy IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Divine Power Energy IPO Review
- May Apply
Divine Power Energy IPO Form
How to apply for the Divine Power Energy IPO? You can apply for Divine Power Energy 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 Energy IPO in the Invest section. The other option is you can apply for Divine Power Energy IPO via IPO forms downloaded online. Check out the Divine Power Energy forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
