Divine Power Energy Limited

25 Jun 2024 - 27 Jun 2024 Individual Category IPO NSE

Min Investment

₹216000

Price Band

₹36-₹40

Issue Size

45.22 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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25 Jun 2024

Open Date

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27 Jun 2024

Close Date

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28 Jun 2024

Allotment Date

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02 Jul 2024

Listing Date

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.

Founded

2001

Managing Director

Mr Rajesh Giri

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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