Divine Power Energy IPO: Decoding The IPO in Detail, Know Here

Divine Power Energy IPO is open for subscription starting Tuesday, June 25, 2024, and closing on Thursday, June 27, 2024. Divine Power Energy IPO is a book-built issue of Rs 2276 lakh equity shares. This upcoming IPO is entirely a fresh issue. The allotment for this new IPO is expected to be finalised on Friday, June 28, 2024. Divine Power Energy IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, July 2, 2024. The price band of this upcoming IPO is yet to be announced. Other important details, like lot size and minimum investment, are yet to be announced. The book-running lead manager of Divine Power Energy IPO is Khambatta Securities Limited. The registrar for this IPO is Bigshare Services Private Limited. 

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About Divine Power Energy Limited

Divine Power Energy Limited was incorporated in 2001 and manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. The company primarily sells winding wires to power distribution companies and transformer manufacturers. The company has sent fibreglass-covered wires to Punjab, Bengaluru and Ahmedabad markets. It sees the potential to grow in states like Maharashtra. Divine Power Energy's clients include TATA Power Limited, Paschimanchal 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. Divine's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 sq. metres. The facility can handle 300 MT of aluminium and 400 MT of copper per month. As of latest data gathered in June 2024, the company has a team of 40 people in various departments.

Objectives of Divine Power Energy IPO

The primary objective of this IPO is to raise funds from the public to meet the company's day-to-day working capital needs and ensure its smooth functioning. In addition, general corporate purposes will also be fulfilled. 

Financials of Divine Power Energy Limited (Amt in Rs Lakhs)

Divine Power Energy posted revenue of Rs 22.272 lakhs and net profit of Rs 640.59 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2022, the firm reported a revenue of Rs 15,084.20 lakhs and PAT of Rs 284.94 lakhs. Divine Power Energy’s revenue increased by 47.65% and profit after tax rose by 124.82% between the FY ending on 31st March 2024 and 31st March 2023. 

Other Important Details of Divine Power Energy IPO

Time-Table of Divine Power Energy IPO

IPO Reservation of Divine Power Energy Limited

Performance Indicator of Divine Power Energy Limited

The market capitalization of Divine Power Energy is Rs 49.28 crore.

Promoters of Divine Power Energy Limited and Their Holdings

The promoters of Divine Power Energy company are Rajesh Giri, Vikas Talwar and Dali Giri.

Lead Manager(s) of Divine Power Energy IPO

The lead manager for Divine Power Energy IPO is Khambatta Securities Limited.

How do you apply for the Divine Power Energy IPO?

Wait for the public issue to open for subscription, then click here to apply for the Divine Power Energy Limited IPO with Bigul.

How do you check the allotment status of Divine Power Energy IPO?

Bigshare Services Private Limited is the registrar for Divine Power Energy IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Divine Power Energy IPO?

Divine Power Energy IPO is a book-built issue of Rs 2276 lakh equity shares. This upcoming IPO is entirely a fresh issue. The allotment for this new IPO is expected to be finalised on Friday, June 28, 2024.

2. Who are the lead managers for the Divine Power Energy Limited IPO?

Khambatta Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Divine Power Energy Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Divine Power Energy IPO?

The public subscription of this new IPO will open on July 2, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The primary objective of this IPO is to raise funds from the public to meet the company's day-to-day working capital needs and ensure its smooth functioning. In addition, general corporate purposes will also be fulfilled. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Divine Power Energy Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Divine Power Energy Limited?

Divine Power Energy posted revenue of Rs 22.272 lakhs and net profit of Rs 640.59 lakhs for the period ending on 31 Jan 2024. Divine Power Energy’s revenue increased by 47.65% and profit after tax rose by 124.82% between the FY ending on 31st March 2024 and 31st March 2023. 

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