Divine Power Energy Limited IPO
- IPO Date25 Jun, 2024 to 27 Jun, 2024
- Listing Date02 Jul, 2024
- Face Value₹10 per share
- Issue Price₹36 to ₹40 per share
- Lot Size3000 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size56,90,000 Shares
(aggregating up to ₹22.76 Cr) - Fresh Issue56,90,000 Shares
(aggregating up to ₹22.76 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,57,79,080
- Shareholding post issue2,14,69,080
IPO Dates
Closing Date
27 Jun, 2024
Initiation of Refunds
01 Jul, 2024
Listing Date
02 Jul, 2024
25 Jun, 2024
Opening Date
28 Jun, 2024
Basis of Allotment
01 Jul, 2024
Credit of Shares
Divine Power Energy Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| S-HNI (Max) | - | - | - |
Divine Power Energy Limited Promoter Holding
The promoters of the company are Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Divine Power Energy Limited COMPANY INFORMATION
Divine Power IPO is a book built issue of Rs 22.76 crores. The issue is entirely a fresh issue of 56.9 lakh shares. Divine Power IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the Divine Power IPO is expected to be finalized on Friday, June 28, 2024. Divine Power IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 2, 2024. Divine Power IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000. Khambatta Securities Limited is the book running lead manager of the Divine Power IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Divine Power IPO is Nikunj Stock Brokers. Refer to Divine Power IPO RHP for detailed information.
Incorporated in 2001, Divine Power Energy Limited manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc.
The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra.
The company primarily sells winding wires to power distribution companies and transformer manufacturers.
The company's clients include 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.
The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month.
DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.
As of June 2024, the company employs a total of 40 people in various departments.
Divine Power Energy Limited IPO Analysis
The upcoming IPO of Divine Power Energy Limited has garnered significant attention, and it's essential to evaluate the potential pros and cons associated with it. This analysis provides an in-depth look at the company's offerings, financial health, and market position to help investors make an informed decision.
Overview of Divine Power Energy Limited
Divine Power Energy Limited is a prominent player in the renewable energy sector, focusing on the production and distribution of sustainable energy solutions. The company is leveraging its extensive expertise in the field to tap into the growing demand for clean energy, positioning itself as a key player in the industry.
Key Highlights of the IPO
IPO Size: The company is aiming to raise a substantial amount through this IPO, which will be used primarily for expanding its operations and reducing debt.
Market Position: Divine Power Energy Limited holds a strong position in the renewable energy market, backed by a diversified portfolio of projects and a robust pipeline of future developments.
Use of Funds: A significant portion of the proceeds from the IPO will be allocated towards expanding the company's production capacity, which is expected to enhance its market share and profitability.
Financial Performance: The company has shown steady revenue growth over the past few years, with a positive outlook for future earnings due to its strategic investments in high-growth areas.
Risk Factors: Investors should be aware of potential risks such as market volatility, regulatory changes, and competition from other energy providers.
Pros of Investing in Divine Power Energy Limited
Strong Market Potential: The renewable energy sector is growing rapidly, and Divine Power Energy Limited is well-positioned to capitalize on this trend.
Experienced Management Team: The company is led by a seasoned management team with extensive experience in the energy sector, which adds to investor confidence.
Growth Opportunities: The company's expansion plans, supported by the IPO proceeds, are expected to drive significant growth in the coming years.
Environmental Impact: Investing in a company focused on renewable energy aligns with the global shift towards sustainability, making it a socially responsible investment.
Revenue Growth: The company has demonstrated consistent revenue growth, indicating a strong business model and effective operational strategies.
Cons of Investing in Divine Power Energy Limited
Market Volatility: The renewable energy sector can be subject to fluctuations in market conditions, which could impact the company's financial performance.
Regulatory Risks: Changes in government policies or regulations related to renewable energy could pose challenges to the company's operations.
High Competition: The renewable energy market is highly competitive, with many players vying for market share, which could limit the company's growth potential.
Capital-Intensive: The energy sector requires significant capital investment, and there may be risks associated with the company's ability to effectively manage and deploy the IPO funds.
Debt Levels: While the IPO aims to reduce debt, the company still carries a significant level of debt, which could affect its financial flexibility.
Conclusion
Investing in Divine Power Energy Limited's IPO presents a mix of opportunities and risks. The company's strong position in the renewable energy sector, coupled with its growth prospects, makes it an attractive option for investors looking for exposure to clean energy. However, potential investors should carefully consider the associated risks, including market volatility, regulatory challenges, and competition, before making a decision.
Final Recommendation
Investors with a higher risk tolerance who are interested in the renewable energy sector may find Divine Power Energy Limited's IPO to be a worthwhile investment. However, it's crucial to conduct thorough due diligence and consider the broader market dynamics before committing to this opportunity.
FAQs About Divine Power Energy Limited Ipo
Divine Power Energy Limited IPO will open on 25 Jun, 2024 and close on 27 Jun, 2024. Investors must apply within this period to participate.
The Divine Power Energy Limited IPO price band is set between ₹36.00 and ₹40.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹120000.00.
The Divine Power Energy Limited IPO shares are expected to be listed on 02 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Divine Power Energy Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Divine Power Energy Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.