July 2, 2024
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Divine Power Energy IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Divine Power Energy IPO Post Listing Review:
On 2nd July 2024, the scrip is listed at Rs. 155, premium of 287.50% over the issue price Rs. 40. The listing has been very impressive and much above the expectations of the grey market.
What was the last GMP of Divine Power Energy IPO?*
GMP Rs. 61
Subscription status of Divine Power Energy IPO
Divine Power IPO Subscription ClosedPrice Rs. 40 Lot 3000 shares |
||||
| QIB | NII X | RII X | Total X | Applications |
| 135.84 | 473.74 | 507.94 | 393.67 | 3,57,584 / 507.93x |
| Amount wise subscription recd. Rs. Crore | ||||
| NII | ||||
What is the business of Divine Power Energy?
Divine Power Energy Limited is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, Winding Copper / Aluminium Strip. Winding wires / strips are manufactured by annealing and insulating wires / strips and covering them with paper, cotton, fiberglass etc. Winding wires/ strips covered with paper, crepe paper and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and also to fix normal wear and tear. In the current calendar year the company started manufacturing wires / strips covered with fiberglass which are used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery etc. The Company has supplied wires / strips covered with fiberglass to markets like Punjab, Bengaluru, Ahmedabad. In the recent past the Company has started trading in super enamelled wires and strips in an effort to cater customer demand and remain competitive.
The Company mainly sells winding wires to the power distribution companies and transformer manufacturers.
The Company enjoys the patronage of reputed clients such as 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., which ensure stable demand for its products. Also, the Company sources its raw material from reliable and reputed suppliers such as NALCO (through National Small Industries Corporation Limited), Birla Copper (through third party), Hindalco etc. With reliable suppliers, the Company has never faced supply disruption in the past and also aspect the same in the future.
It has one manufacturing plant which is strategically located at Plot No 56/1&2, Site-IV Industrial Area
Sahibabad, Ghaziabad having total area of 1,777 square meters (Sq. m.). The manufacturing facility is built in an area of 1550 sq. m with an open area of 277 sq. m. Its manufacturing facility constitutes two floors which takes its covered area to 3,100 sq. m. in which the company conducts its operations.
As on date, the Manufacturing Facility has a total installed capacity to handle 300 metri tonnes per month of Aluminium and 400 metric tonnes per month of Copper.
Get more information about the company @ https://www.dpel.in/
| Divine Power Energy IPO Details | |
| IPO opens on | 25 June 2024 |
| IPO closes on | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 56900000 Shares / Rs 22.76 Crore |
| * Fresh Issue | 5690000 Shares / Rs 22.76 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 288000 Shares |
| Net offer to Public | 5402000 Shares/ Rs.21.61 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.36-40 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
| Shares offered in Divine Power Energy IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2701000 | 10.81 |
| NII (15%) | 810300 | 3.24 |
| RII (35%) | 1890700 | 7.56 |
| Total Shares | 227600000 | 21.61 |
| Retail portion will be oversubscribed by | 630 | |
| Forms | ||
| How much Shares to Apply in Divine Power Energy IPO? | ||
| Min Retail Application | 3000 Shares | Rs.120000 |
| Min HNI Application | 6000 Shares | Rs.240000 |
Who are the Promoters of Divine Power Energy IPO?
The promoters of the company are Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.
What are the Objects of Divine Power Energy IPO?
The Offer comprises of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1. To meet the working capital requirements of the Company; and
2. General Corporate Purpose
| Divine Power Energy IPO Tentative timetable | |
| IPO opens on | 25 June 2024 |
| IPO Closes on | 27 June 2024 |
| IPO Allotment on | 28 July 2024 |
| Refund Initiation | 1 July 2024 |
| Credit of Shares | 1 July 2024 |
| Listing on | 2 July 2024 |
| Registered Office of the Company Divine Power Energy Unit No. Offices, 1st Floor CSC-II, B-Block, Surajmal Vihar New Delhi-110092, |
| Who is the Lead Manager of Divine Power Energy IPO? Khambatta Securities Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Divine Power Energy IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 123 | 0.81 | 0.66 | 6.46 |
| 2022-23 | 151 | 2.85 | 2.31 | 14.87 |
| 2023-24 | 223 | 6.41 | 4.06 | 25.06 |
| Book Value of the Share on | 31.03.2024 | Rs 16.20 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 40 | |||
| Divine Power Energy IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 9.85 |
| Price/BV Ratio | 2.47 |
| Upper price/BV after IPO | – |
How Divine Power Energy IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Divine Power | 10 | 223 | 9.85 |
| Shera Energy | 10 | 876 | 34.17 |
| Bhagyanagar India | 2 | 1475 | 7.63 |
| Rajnandini Metal | 1 | 1221 | 19.49 |
| Ram Ratna Wires | 5 | 2983 | 32.83 |
| Precision Wires | 1 | 3321 | 33.60 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Divine Power Energy IPO To the point Guidance
Divine Power Energy Limited is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, Winding Copper / Aluminium Strip. Winding wires / strips are manufactured by annealing and insulating wires / strips and covering them with paper, cotton, fiberglass etc. Winding wires/ strips covered with paper, crepe paper and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and also to fix normal wear and tear.
Size: The net size of the IPO is Rs. 21.61 Crore/ 5402000 shares and retail portion is only 7.56 crore. With just 630 applications retail portion can get one time subscription. So oversubscription is not an issue.
Financial Snapshot: The company has shown sharp rise in the bottom-line during last 3 years. In the year 2022-23 the net profits has been Rs. 6.41 crore compared to net profit of Rs. 81 lac in the year 2020-21. We are not sure whether the company can maintain such high topline and bottom-line. If the profits can be maintained in the coming year, then the share is offered at reasonable valuation. May apply. It may be prudent to sell the application in the grey market and then apply.
Quicklinks
Divine Power Energy IPO GMP today details?
Divine Power Energy IPO
Divine Power Energy IPO FAQs
What is Divine Power Energy IPO?
Divine Power Energy is a SME IPO of 5690000 equity shares of the face value of Rs. 10 aggregating up to Rs.22.76 Crores. The issue is priced at Rs.36-40 per share. The minimum order quantity is 3000 Shares.
When will Divine Power Energy IPO open?
Divine Power Energy IPO opens on June 25, 2024, and closes on June 27, 2024.
What is the lot size of Divine Power Energy IPO?
Divine Power Energy IPO lot size is 3000 Shares, and the minimum amount required is Rs.120000.
How to apply for Divine Power Energy IPO?
You can apply in Divine Power Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Divine Power Energy IPO allotment?
The finalization of Basis of Allotment for Divine Power Energy IPO will be done on 28 June, 2024, and the allotted shares will be credited to your demat account by July 1, 2024.
When is Akiko Global Services IPO listing date?
Divine Power Energy IPO listing date is July 2, 2024.
