Issue Price
₹36- ₹40
per equity share
Issue Size
45.22 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
3000
equity share
Please note
Listing at NSE
Divine Power Energy Limited
Important Dates
IPO Open Date
25 Jun 2024
IPO Close Date
27 Jun 2024
Allotment Date
28 Jun 2024
Initiation of Refunds
01 Jul 2024
Credit of Shares to Demat Account
01 Jul 2024
IPO Listing Date
02 Jul 2024
UPI Mandate Expiry Date
27 Jun 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2001
Managing Director
Mr Rajesh Giri
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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