Divine Power Energy Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Jun 2024

Close Date

27 Jun 2024

Allotment

28 Jun 2024

Listing Date

02 Jul 2024

Exchange

NSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

56,88,000 shares (aggregating up to ₹22.75 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,57,79,080 shares

Promoters

Post-IPO Holding

2,14,69,080 shares

Promoters

P/E (Pre)

9.85x

P/E (Post)

13.41x

EPS (Pre)

₹4.06

EPS (Post)

₹2.98

UPI Deadline

2024-06-27

Mandate

Anchor AllotmentMon, 24 Jun 2024

Basis of AllotmentFri, 28 Jun 2024

Refund InitiationMon, 01 Jul 2024

Demat CreditMon, 01 Jul 2024

Listing DayTue, 02 Jul 2024

UPI Mandate Deadline2024-06-27

Sale TypeFresh Capital

Net Offer to Public54,00,000 shares (aggregating up to ₹21.60 Cr)

Market Maker Quota2,88,000 shares (aggregating up to ₹1.15 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Divine Power Energy Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Jun 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	288,000	—	₹1.15
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,688,000	100%	₹22.75

IPO Shares Offered

Divine Power Energy Ltd IPO total issue size: ₹22.75 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	288,000	₹1.15	5.06%
Total	5,688,000	₹22.75	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

24 Jun 2024

✓ Done

IPO Open

25 Jun 2024

✓ Done

IPO Close

27 Jun 2024

✓ Done

Allotment

28 Jun 2024

✓ Done

Refunds

01 Jul 2024

✓ Done

Demat Credit

01 Jul 2024

✓ Done

Listing Day

02 Jul 2024

✓ Done

₹40.00

INR · NSE

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Issue ₹40.00 Live Price

About Divine Power Energy Ltd

Incorporated in 2001, Divine Power Energy Limited manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc.The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra.The company primarily sells winding wires to power distribution companies and transformer manufacturers.The company's clients include 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.The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month.DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.As of June 2024, the company employs a total of 40 people in various departments.

Objects of the Issue

To meet the working capital requirements of the Company; and

General Corporate Purpose

Divine Power Energy Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹12,290.4

31 Mar 2022

₹15,084.2

31 Mar 2023

₹22,272.0

31 Mar 2024

Profit After Tax (PAT)

₹80.5

31 Mar 2022

₹284.9

31 Mar 2023

₹640.6

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	22272.00	15084.20	12290.38
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	640.59	284.94	80.51
Net Worth	2556.53	1915.94	1246.00
Total Assets	8889.24	7253.31	6276.46
Reserves & Surplus	978.62	338.03	123172.01
Borrowings	5785.44	4763.84	4466.34
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	2.88%	—	—

P/BV Ratio

2.47

RoE

25.06%

RoCE

16.25%

RoNW

25.06%

PAT Margin

2.88%

Debt/Equity

2.26

Issue Structure & Shareholding

Total Shares Offered56,88,000 (100.00%)

Net Offer to Public54,00,000 shares (aggregating up to ₹21.60 Cr)

Reserved for Market Maker2,88,000 shares (aggregating up to ₹1.15 Cr)

Pre-Issue Promoter Holding1,57,79,080 shares

Post-Issue Promoter Holding2,14,69,080 shares

P/BV Ratio2.47

RoE25.06%

RoCE16.25%

Debt / Equity2.26

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Khambatta Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Divine Power Energy Ltd IPO subscribed? ▲

Divine Power Energy Ltd IPO is subscribed 1.00 times by Jun 27, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Divine Power Energy Ltd IPO retail subscription status? ▼

The Divine Power Energy Ltd IPO retail category is subscribed 1.00 times as of 27 Jun 2024. The retail portion is oversubscribed.

How to subscribe Divine Power Energy Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Jun 2024 and closes 27 Jun 2024. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2024-06-27.

How many times Divine Power Energy Ltd IPO subscribed? ▼

The Divine Power Energy Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Divine Power Energy Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Jun 2024. Refunds: on 01 Jul 2024.

When Divine Power Energy Ltd IPO will be listed? ▼

The Divine Power Energy Ltd IPO listing date is 02 Jul 2024, Tuesday. Listed on: NSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Divine Power Energy Ltd IPO close? ▼

The Divine Power Energy Ltd IPO closes on 27 Jun 2024, Thursday. UPI mandate: 2024-06-27. Allotment: 28 Jun 2024. Listing: 02 Jul 2024.

Quick Actions

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Live Price LIVE

Last Price₹40.00

Change—

Issue Price₹40.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date25 Jun 2024

Close Date27 Jun 2024

Allotment28 Jun 2024

Listing Date02 Jul 2024

ExchangeNSE SME

UPI Deadline2024-06-27