Divine Power IPO Subscription Status, Rate

Divine Power IPO Allotment Status Online

Divine Power IPO Subscription Status: Divine Power IPO 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). 

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%

Divine Power IPO is an SME IPO and Listed on NSE SME. Divine Power IPO Price Band is Fixed at ₹40 Equity Share. Divine Power IPO Lot Size is 3000 Shares.

About Divine Power IPO :

  • Divine Power 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.

Divine Power IPO Subscription Status, Rate bid times

Inv Category Shares Reserved No. of Shares bid for No. of Times (Subscription)
Qualified Buyers (QIBs) 12,17,110 16,53,36,000 135.84
Non Institutional Buyers (NIIs) 9,05,134 42,87,99,000 473.74
Retail Individual Buyers (RIIs) 21,11,978 1,07,27,52,000 507.94
Anchor Investor 16,20,000 16,20,000 1
Market Maker 2,88,000 2,88,000 1
Total 42,34,222 1,66,68,87,000 393.67

Divine Power Subscription Status day-by-day-

Categories 25 June 26 June 27 June
QIB 0.06 0.14 135.84
NII 16.65 63.07 473.74
RII 28.26 102.43 507.94
Total 17.67 64.61 393.67

Divine Power Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

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