Divine Power IPO Details Today : Divine Power IPO Details Today is Open on 25 June 2024 and Close on 27 June 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).
Our Company 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.
Divine Power IPO Date & Price Band Details
| IPO Open Date | 25 June 2024 |
|---|---|
| IPO Close Date | 27 June 2024 |
| IPO Size | 5,690,000 shares (Approx ₹22.76 Cr) |
| Fresh Issue | 5,690,000 shares (Approx ₹22.76 Cr) |
| Lot Size | 3000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹40 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Divine Power IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
Object of the Issue
- To meet the working capital requirements of the Company.
- General Corporate Purpose.
Divine Power IPO Allotment & Listings (Details)
| IPO Open Date | 25 June 2024 |
|---|---|
| IPO Close Date | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Refunds | 1 July 2024 |
| Credit to Demat Account | 1 July 2024 |
| IPO Listing Date | 2 July 2024 |
Divine Power Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹222.72 | ₹214.56 | ₹6.41 |
| 2023 | ₹150.84 | ₹146.20 | ₹2.85 |
| 2022 | ₹122.90 | ₹121.79 | ₹0.81 |
Our Company Promoters
- Mr. Rajesh Giri
- Mr. Vikas Talwar
- Ms. Dali Giri
Qualitative Factors
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance.
- Strong long-standing relationships with clients & suppliers within the industry.
- Strong, experienced and dedicated senior management team and qualified workforce.
Divine Power Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Divine Power Energy Limited | 10.00 | 20.13 | [.] | 14.80% | 12.20 | 15,084.21 |
| Peer Group | ||||||
| Shera Energy Limited | 10.00 | 4.46 | 38.54 | 8.46% | 47.25 | 69,774.61 |
| Bhagyanagar India Limited | 2.00 | 3.17 | 31.36 | 4.53% | 42.12 | 1,38,872.52 |
| Rajnandini Metal Limited | 1.00 | 0.50 | 34.00 | 33.02% | 1.50 | 1,03,905.00 |
| Ram Ratna Wires Limited | 5.00 | 10.20 | 30.01 | 14.43% | 74.05 | 2,65,651.40 |
| Precision Wires India Limited | 1.00 | 3.33 | 39.05 | 13.21% | 25.21 | 3,05,546.95 |
Comparison of accounting ratios with listed industry peers
- Divine Power Energy Limited
- Shera Energy Limited
- Bhagyanagar India Limited
- Rajnandini Metal Limited
- Ram Ratna Wires Limited
- Precision Wires India Limited
Divine Power Company Contact Details
Unit No. Offices, First Floor, CSC-II, B-Block,
Surajmal Vihar, East Delhi, New Delhi, India, 110092
Tel. No.: 011-36001992/2842
E-mail: accounts@dpel.in
Website: www.dpel.in
Divine Power IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri (East), Mumbai-400059, India.
Tel: +91 22 62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale
