Divine Power Energy Limited
Book Built Issue IPO · NSE
- Price band
- ₹36 - ₹40
- Lot size
- 3,000 shares
- Issue amount
- ₹22.76 cr
- Total subscription
- 393.74×
- Opens
- 25 Jun 2024
- Closes
- 27 Jun 2024
- Allotment
- 28 Jun 2024
- Listing
- 2 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 56,90,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹22.76 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,57,79,080
- Shares after issue
- 2,14,69,080
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,20,000 |
| HNI | 2 | 6,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.87 | 661.34 |
| RETAIL | 8.45 | 4,291.01 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.06 | 2.31 | 0.66 |
| ROE | 25.06 | 17.97 | 6.64 |
| ROCE | 16.25 | 14.77 | 8.87 |
| RONW | 25.06 | 14.87 | 6.46 |
| PRE IPO(PE) | 9.85 | 0 | 0 |
| POST IPO(PE) | 13.41 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Divine Power Energy Limited, incorporated in 2001, manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip, utilizing annealing and insulating processes with materials like paper, cotton, and fiberglass. Supplying fiberglass-covered wires and strips to Punjab, Bengaluru, and Ahmedabad, the company aims to expand into Maharashtra. Serving power distribution companies and transformer manufacturers, its clientele includes TATA Power Limited, BSES, and various Vidyut Vitaran Nigams. Its Sahibabad, Ghaziabad facility spans 1,777 square meters, with a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. ISO 9001:2015 certified, Divine Power Energy Limited employs 40 people as of June 2024.
Strengths
- Growth Potential: Divine Power Energy Limited has the infrastructure and production capacity to scale its operations and expand its market reach.
- Strong Market Presence: The company has built a solid foundation in key regions like Punjab, Bengaluru, and Ahmedabad, with plans to enter Maharashtra.
- Steady Performance: With a history of consistent growth and strong financial results, Divine Power Energy Limited demonstrates stability and reliability in the industry.
Risk factors
- High Working Capital Needs: The company requires substantial funds to keep operations running smoothly. Any shortfall could affect sales, profitability, and cash flow.
- Reliance on Key Suppliers: Depending on a few major suppliers means that losing any of them could disrupt business operations.
- Customer Dependence: A large portion of revenue comes from a few key customers, so losing them could significantly impact earnings and profitability.
Promoters
Mr Rajesh Giri
Mr Vikas Talwar
Ms Dali Giri
Registrar & documents
Lead manager
Khambatta Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar New Delhi-110092,
011-36001992
[email protected]Company website ↗Understanding DPEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.