Divine Power IPO Allotment Status Online

Divine Power IPO Allotment Status Online

Divine Power IPO Allotment Status Online : Divine Power IPO is Open on June 25, 2024 and Close on June 27, 2024. Divine Power IPO to Raise 5,690,000 shares (Approx ₹22.76 Cr) via IPO. The Fresh Issue of 5,690,000 shares (Approx ₹22.76 Cr). 

  • The Retail Quota Is 35%
  • QIB Is 50%
  • HNI Is 15%.

Divine Power IPO Basis of Allotment Status on 28 June, 2024. Divine Power IPO Refund Date is 1 July 2024 and Divine Power IPO Credit to Demat on 1 July 2024.

Also Read: Divine Power IPO Details Today, Date, Price, GMP, Review, Details

Divine Power IPO Allotment Link Online

About –

Divine Power incorporated 24 August 2001 Divine Power Energy Limited is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, Winding Copper / Aluminium Strip. Winding wires / strips are manufactured by annealing and insulating wires / strips and covering them with paper, cotton, fiberglass etc.

Winding wires/ strips covered with paper, crepe paper and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and also to fix normal wear and tear. In the current calendar year our company started manufacturing wires / strips covered with fiberglass which are used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery etc.

The Company has supplied wires / strips covered with fiberglass to markets like Punjab, Bengaluru, Ahmedabad and see good prospects from markets like Maharashtra. In the recent past the Company has started trading in super enameled wires and strips in an effort to cater customer demand and remain competitive. The Company may deliberate to manufacture super enameled wires and strips considering anticipated demand, market trends, and the company’s overall goals.

Our Company mainly sells winding wires to the power distribution companies and transformer manufacturers. Transformers play a critical role in power distribution by regulating the voltage from generation source to the consumer end. The transformer steps up the voltages to higher voltages before transmission at the generator, reducing the power loss during transmission and steps down the higher voltage to lower as required before transmitting the power to the end user.

One of the critical components of a transformer is its coil which plays the role of converting electric energy to magnetic energy and then to electric energy, and changes the voltage and current at the same time. The coil is made from winding the wires in a given ratio as per the capacity and ability of the transformer. Our Company manufactures winding wires by insulating bare conductors (wires / strips of copper/ aluminium) by paper, cotton, super enamel, fiberglass etc. which are used to make coils of the transformers.

Therefore, making our product indispensable for manufacturing transformers and hence power transmission and distribution. The Company enjoys the patronage of reputed clients such as 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 sources its raw material from reliable and reputed suppliers such as NALCO (through National Small Industries Corporation Limited), Birla Copper (through third party), Hindalco etc, our Manufacturing Facility has a total installed capacity to handle 300 metri tonnes per month of Aluminium and 400 metric tonnes per month of Copper.

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