Divine Power Energy Ltd

Non Ferrous Metals

Offer Period :

25th to 6th Jun 2024

Divine Power Energy Ltd IPO Details

IPO Date 25th to 6th Jun 2024 Minimum Investment ₹120000 / 1 Lots
Listing Date 2024-07-02 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹22.76 Crores
Price ₹40 to ₹40 per share Fresh Issue ₹22.76 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 25th to 6th Jun 2024
Listing Date 2024-07-02
Face Value ₹10 per share
Price ₹40 to ₹40 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Total Issue Size ₹22.76 Crores
Fresh Issue ₹22.76 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

25th Jun

IPO Starts

27th Jun

IPO Ends

28th Jun

Allotment Date

1st Jul

Initiation of Refund

1st Jul

Credit of Shares to Demat Account

2nd Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 86 0
Public Group 14 100

Divine Power Energy Ltd IPO Reservation

QIB Shares Offered 1080400(18.99%)
NII (HNI) Shares Offered 810300(14.24%)
Retail Shares Offered 1890700(33.23%)
Anchor Investor Shares Offered 1620600(28.48%)
Total Shares Offered 5690000
Total Shares With Anchor Investor 5690000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Divine Power Energy Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Divine Power Energy Ltd IPO Lead Manager

1. Khambatta Securities Ltd

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Divine Power Energy Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 12,17,110 1,77,000 1,14,062.0
Non Institutional Investors 11,93,134 8,10,96,000 1,14,062.0
Retail Individual Investors (RIIs) 21,11,978 34,21,86,000 1,14,062.0
Total 45,22,222 42,34,59,000 1,14,062.0

Strength of Divine Power Energy Ltd

1. Experienced management and efficient workforce.

2. Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.

3. Scalable business.

4. A strong regional presence.

5. Consistent track record of growth and financial performance.

6. Strong long-standing relationships with clients & suppliers within the industry.

7. Strong, experienced and dedicated senior management team and qualified workforce.

Risks Involved

1. Its business is working capital intensive. The company's inability to meet its working capital requirements may have adverse effect on its results of operations. Further, failures to manage its inventory could also have adverse effect on the company's sales, profitability, cash flow and liquidity.

2. The company depends on a few suppliers for its raw materials and any delay, interruption or reduction in the supply of raw materials to manufacture its products or volatility in the prices of raw materials, may adversely affect its business, results of operations, financial condition and cash flows.

3. The company derives a significant portion of its revenue from its top 10 customers. The loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows.

4. The company does not have firm commitment agreements with its customers. If the company's customers reduce their purchases from it or choose not to source their requirements from the company, there may be an adverse effect on its business, results of operations, financial condition and cash flows.

5. Its business is dependent and will continue to depends on the company's manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

6. Its cost of production is exposed to fluctuations in the prices of raw material particularly Copper Rod, Aluminium Rod and insulating material like paper, cotton and fiber glass the Company has not entered into any agreement with respect to long-term supply for raw materials required.

7. The industry segments in which the comapny operate being fragmented, the company faces competition from other players, which may affect its business operational and financial conditions.

8. The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.

9. The Company has reported certain negative cash flows from its financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.

10. The company is subject to strict quality requirements, regular inspections and audits by its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its business, financial condition and results of operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Divine Power Energy Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-02 92765 DPEL
INE0SCO01019
₹40 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹40 ₹40
Open ₹0 ₹155
Low ₹0 ₹147.25
High ₹0 ₹162.75
Low ₹0 ₹147.25

Frequently Asked Questions

What is Divine Power Energy Ltd IPO?

Answer Field

Divine Power Energy Ltd IPO is a SME IPO of 56,90,000 equity shares of a face value of ₹10 aggregating up to ₹22.76 Crores. The issue is priced at ₹40 to ₹40 per share. The minimum order quantity is 3000 Shares. The IPO opens on June 25, 2024, and closes on June 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Divine Power Energy Ltd IPO will open?

Answer Field

The Divine Power Energy Ltd IPO opens on June 25, 2024 and closes on June 27, 2024.

What is the lot size of Divine Power Energy Ltd?

Answer Field

Divine Power Energy Ltd lot size is 3000 shares, and the minimum amount required is ₹1,20,000.

How to apply for Divine Power Energy Ltd IPO?

Answer Field

You can apply in Divine Power Energy Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Divine Power Energy Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Divine Power Energy Ltd IPO will be done on June 28, 2024, and the allotted shares will be credited to your demat account by July 01, 2024.

When is Divine Power Energy Ltd IPO listing date?

Answer Field

The Divine Power Energy Ltd listing date is July 02, 2024.

Who is the registrar of Divine Power Energy Ltd IPO?

Answer Field

The registrar of Divine Power Energy Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Khambatta Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Divine Power Energy Ltd IPO?

Answer Field

The fresh issue size is ₹22.76 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Divine Power Energy Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for Divine Power Energy Ltd IPO?

Answer Field

To apply for Divine Power Energy Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Divine Power Energy Ltd?

Answer Field

The price of each Divine Power Energy Ltd share will be ranging in between ₹40 to ₹40 per share.

What is the cut-off time for the UPI mandate for Divine Power Energy Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 27, 2024.

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