Divine Power Energy was incorporated on August 24, 2001. The company is a manufacturer of bare copper/ aluminium wire, bare copper/ aluminium strip, winding copper/ aluminium wire, winding copper / aluminium strip.
| Bidding Dates |
|---|
| 25 Jun 2024 - 27 Jun 2024 |
| Subscription |
|---|
| 369.07x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 5.7 M | ₹36 - ₹40 | 73.5 % | ₹204.8 M - ₹227.6 M | RHP DOC |
Divine Power Energy IPO SUBSCRIPTION STATUS
27 Jun '24Divine Power Energy IPO overall subscription rate was 369.07 times the total available shares
Divine Power Energy IPO retail subscription rate was 678.77 times in the retail segment
Divine Power Energy IPO non-institutional investor subscription rate was 632.91 times in the non-institutional investor category
Divine Power Energy IPO Qualified Institutional Bidder subscription rate was 73.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Jun 2024 (Day 3) | 678.77x | 632.91x | 73.12x |
26 Jun 2024 (Day 2) | 136.82x | 84.16x | 0.08x |
25 Jun 2024 (Day 1) | 29.6x | 20.49x | 0.03x |
Divine Power Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 64.1 | 2,220.8 | -28.2 | -63.5 | 6.8% |
| FY23 | 28.5 | 1,505.9 | 19.1 | -16.3 | 6.9% |
| FY22 | 8.1 | 1,224.9 | 47.2 | 31.3 | 4.7% |
Divine Power Energy IPO SUBSCRIPTION STATUS DETAILS
Divine Power Energy had 5.7 M shares on offer
Divine Power Energy IPO offer price was in the range ₹36 - ₹40
Divine Power Energy IPO minimum Investment was ₹108000
Divine Power Energy IPO issue size was ₹ 204.8 M - ₹ 227.6 M
Divine Power Energy had a minimum lot size of 3000 Shares per application
Divine Power Energy NUMBER OF SHARES ON OFFER
Divine Power Energy IPO IMPORTANT DATES
| Issue Open Date | 25 Jun 2024 |
| Issue close Date | 27 Jun 2024 |
| Allotment Date | 28 Jun 2024 |
| Refund Date | 01 Jul 2024 |
| Demat Account Credit Date | 01 Jul 2024 |
| Listing Date | 02 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Divine Power Energy Allotment Status | Exchange |
Divine Power Energy IPO subscription opened on 25 Jun 2024, and closed on 27 Jun 2024
IPO allotment for Divine Power Energy was finalized on Friday, 28 Jun 2024
IPO listing for Divine Power Energy was on NSE on Tuesday, 02 Jul 2024
Divine Power Energy IPO LISTING GAINS
| Issue Price (adjusted) | 40.0 |
| Listing Open Price | 155.0 |
| Listing Close Price | 152.3 |
| Listing Gain% | 287.5% |
| Current Gain% | 1289.8% |
Divine Power Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Divine Power Energy Ltd. | 555.9 | 1193.5 | 52 | 1.9 | 20.7 | 7.9 | 627.5 | 26.7 | 10.7 | ||||
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Divine Power Energy INFORMATION ON IPO ISSUE
About Divine Power Energy
Divine Power Energy was incorporated on August 24, 2001. The company is a manufacturer of bare copper/ aluminium wire, bare copper/ aluminium strip, winding copper/ aluminium wire, winding copper / aluminium strip.
Object of the Issue
- To meet the working capital requirements of the Company
- General corporate purpose
Divine Power Energy - PROMOTERS
| Name |
|---|
| Rajesh Giri |
| Vikas Talwar |
| Dali Giri |
Divine Power Energy Lead Manager to the Issue
Khambatta Securities Limited
ipo@khambattasecurities.com
Divine Power Energy Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Divine Power Energy Strengths
Cutting-edge technology
The company leverages state-of-the-art manufacturing technology to produce high quality insulated copper and aluminium wires, ensuring efficiency and reliability
Wide product range
With a diverse portfolio of insulated wires and strips, the company caters to varied industry needs, providing a comprehensive solution to its customers
Customization Capabilities
The company caters specific customer requirements by offering tailored solutions as per their needs, enhancing its competitiveness in the market
Divine Power Energy Risks
Dependent on few customers
The company is dependent on a few number of customers for sales. Loss of any of these large customers may affect the revenues and profitability
Faces competition
The industry segments in which the company operates are fragmented, and it faces competition from other players, which may affect the business's operational and financial conditions
Negative cash flows
The company has reported certain negative cash flows from its operating activities, financing activities and investing activities. Sustained negative cash flow could impact the growth and business
IPO FAQs
The promoters of the company are Rajesh Giri, Vikas Talwar and Dali Giri.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 36.0 - 40.0.
The IPO application opens on Jun 25, 2024 and closes on Jun 27, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 28, 2024.
The refund will be credited to your account on Jul 01, 2024.
The allotted shares will be credited to your demat on Jul 01, 2024.
Divine Power Energy Ltd.’s shares listed on the stock exchanges on Jul 02, 2024.