Divine Power Energy Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Divine Power Energy Ltd IPO allotment:

If you've applied for the Divine Power Energy Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Bigshare Services Pvt Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Divine Power Energy Ltd IPO allotment date:

The allotment date for the Divine Power Energy Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Divine Power Energy Ltd IPO, managed by Bigshare Services Pvt Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Divine Power Energy Ltd IPO commenced on June 25, 2024, and concluded on June 27, 2024.

Divine Power Energy Ltd IPO subscription:

On the third day of subscription, the Divine Power Energy Ltd IPO witnessed 93.64 times subscription. The listing date is scheduled on July 2, 2024. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on July 1, 2024. Those allotted shares will receive them in their demat accounts on July 1, 2024. The listing date for Divine Power Energy Ltd IPO is confirmed to be July 2, 2024.

Divine Power Energy Ltd IPO: How to check allotment status?

If you've applied for the Divine Power Energy Ltd IPO, you can easily check your allotment status on the Bigshare Services Pvt Ltd website. Here's a simple guide to check your allotment status:

  • Go to the Bigshare Services Pvt Ltd website.
  • Select the Divine Power Energy Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Divine Power Energy Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Divine Power Energy Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Divine Power Energy Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Divine Power Energy Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 16,20,600 (28.48%)
QIB Shares Offered 10,80,400 (18.99%)
NII (HNI) Shares Offered 8,10,300 (14.24%)
Retail Shares Offered 18,90,700 (33.23%)
Total Shares Offered 56,90,000

Data Source: NSE-SME

Let's now examine how different categories of investors participated in placing their bids for the IPO of Divine Power Energy Ltd.

Subscription levels for Divine Power Energy Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Divine Power Energy Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) 0.15x
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) 67.97x
Retail Individuals 162.02x
Employees [-]
Overall Subscription 93.64x

Data Source: NSE-SME

The QIB portion witnessed a subscription of 0.15 times, while the HNI/NII portion saw a subscription of 67.97 times. The Retail portion experienced a subscription of 162.02 times, culminating in an overall subscription of 93.64 times for the IPO.

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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