Divine Power Energy Limited IPO : Key Highlights

Divine Power Energy Limited IPO is set to launch on 25 June, 2024. The company initiated its business operations in the year 2001. It is involved in the business of manufacturing various products. The product portfolio of the company includes Bare Copper/Aluminium Strip, Vare Copper/Aluminium Wire, Winding Copper/Aluminium Strip, Winding Copper/Aluminum Wire, etc. Its major sales come from Bengaluru, Punjab and Ahmedabad. IOts major clients include Paschimanchal Vidyut Vitran Nigam Limited, TATA Power Limited, BSES, Dakshinanchal Vidyut Vitran Nigam Limited, Madhyanchal Vidyut Vitran Nigam Limited, Uttarakhand Power Corporation limited, Purvanchal Vidhyut Vitran Nigam limited etc. Its manufacturing facility is located in Ghaziabad. The company has an employee base of 40 people.

Divine Power Energy Limited : IPO DETAILS

Divine Power Energy Limited IPO is set to launch on 25 June, 2024. The subscription timeline extends till 27 June, 2024. The size for the IPO is Rs. 22.76 Crore. The IPO offers fresh issues worth Rs 22.76 Crore. No shares are offered through offer for sale. The lot size is 3000 shares and the price is Rs.36 to Rs 40 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited..

Tabular Description of Divine Power Energy Limited IPO

Divine Power Energy Limited IPO: IMPORTANT DATES

Divine Power Energy Limited IPO begins for subscription from 25 June, 2024. The IPO subscription would continue till 27 June, 2024. The allotment status for the shareholders who applied would come on 28 June, 2024. The refunds for the ones who did not get allotment would be initiated on 1 July, 2024. The DEMAT accounts of shareholders would be credited on 1 July, 2024. The listing of the company would be completed on 2 July, 2024.

Divine Power Energy Limited IPO: Lead Managers

The lead managers are :

• Khambatta Securities Private Limited

The minimum and maximum lot size for retail investors is 3000 shares, amounting to Rs. 120000. The minimum lot size for HNI is 6000 shares, amounting to Rs. 240000.

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• General Corporate Expenses

COMPANY FINANCIALS

Divine Power Energy Limited had an asset base of 6276 Lakh Rs in 2021 which increased to 7253 Lakh Rs in 2022 and 8889 Lakh Rs in 2023. The revenue of the company was at 12290 Lakh Rs in 2021 which boosted to 15084 Lakh Rs in 2022. The revenue of the firm was at 22272 Lakh Rs in 2023. The profit of the firm was at 80 Lakh Rs in 2021 which increased to 284 Lakh Rs in 2022 and 640 Lakh Rs in 2023. 

PROS

• The product portfolio of the company includes Bare Copper/Aluminium Strip, Vare Copper/Aluminium Wire, Winding Copper/Aluminium Strip, Winding Copper/Aluminum Wire, etc. 
• Its major sales come from Bengaluru, Punjab and Ahmedabad. IOts major clients include Paschimanchal Vidyut Vitran Nigam Limited, TATA Power Limited, BSES, Dakshinanchal Vidyut Vitran Nigam Limited, Madhyanchal Vidyut Vitran Nigam Limited, Uttarakhand Power Corporation limited, Purvanchal Vidhyut Vitran Nigam limited etc. 
• Its manufacturing facility is located in Ghaziabad. 
• The company has an employee base of 40 people.

Divine Power Energy Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Divine Power Energy Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.