IPO Details
Bidding Dates
25 Jun '24 - 27 Jun '24
Minimum Investment
₹1,20,000/1 Lot ( 3,000 Shares )
Price Range
₹36 to ₹40 per share
Maximum Investment
₹1,20,000/1 Lot ( 3,000 Shares )
Retail Discount
Not Applicable
Issue Size
5,690,000 shares (aggregating up to ₹22.76 crore)
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |Divine Power Energy Limited IPO Important Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jun 25, 2024
Closing Date
Jun 27, 2024
Allotment Date
Jun 28, 2024
Initiation of Refunds
Jul 1, 2024
Credit of Shares to Demat
Jul 1, 2024
Listing Date
Jul 2, 2024
Cut-off time for UPI mandate confirmation
Jun 27, 2024
About Divine Power Energy Limited
Incorporated in 2001, Divine Power Energy Limited specialises in manufacturing Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. The winding wires and strips are produced through processes like annealing and insulating, then covered with paper, cotton, and fibreglass materials.
These products are primarily supplied to power distribution companies and transformer manufacturers, with key clients including TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.
Divine Power Energy Limited has successfully penetrated markets in Punjab, Bengaluru, and Ahmedabad and is now exploring opportunities in Maharashtra. The company’s manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a production capacity of 300 metric tonnes of aluminium and 400 metric tonnes of copper per month.
The company is ISO 9001:2015 certified by the International Management Certification accredited by the Global Accreditation Assessment Forum Series, underscoring its commitment to quality and excellence. As of June 2024, Divine Power Energy Limited employs a dedicated team of 40 professionals across various departments, contributing to its growth and operational success.
Industry Outlook:
- The global power generation market is projected to grow from USD 1.94 trillion in 2022 to $3.9 trillion by 2032, with an 8.04% CAGR.
- India's power generation surged by 8.87% in FY23, reaching 1,624.15 billion kWh, the highest growth rate in over 30 years.
Divine Power Energy Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
Peer Details
The companies considered by Divine Power Energy as its peers include:
- Shera Energy Limited
- Bhagyanagar India Limited
- Rajnandini Metal Limited
- Ram Ratna Wires Limited
- Precision Wires India Limited
How to Check the Allotment Status of the Divine Power Energy Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Divine Power Energy Limited
Registered office: Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar, New Delhi-110092, India
Phone: 011-36001992/ 2842
E-mail: info@dpel.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 22,208.00 | 15,058.53 | 12,249.09 |
| Profit After Tax (PAT) (in ₹ lakh) | 640.59 | 284.94 | 80.51 |
| Cash & Cash Equivalents (in ₹ lakh) | 46.58 | 44.74 | 13.52 |
| Net Worth (in ₹ lakh) | 2,556.53 | 1,915.94 | 1,246.00 |
| Debt to Equity Ratio(x) | 2.26 | 2.49 | 3.58 |
| Return on Equity (%) | 25.06% | 14.87% | 6.46% |
| Return on Capital Employed (RoCE) (%) | 16.25% | 13.70% | 8.80% |
| Earning Per Share (EPS)-in absolute ₹ | 4.06 | 2.31 | 0.66 |
Know before investing
Strengths
6-
Utilises state-of-the-art technology for high-quality wire production.
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Supplies products to major power distribution companies and manufacturers.
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Offers customised wire solutions tailored to specific customer requirements.
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Promoters and senior management have over 40 years of industry experience.
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ISO 9001:2015 certified, ensuring adherence to international quality standards.
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Achieved compounded revenue growth of 24.06% from FY21 to FY24.
Risks
6-
Working capital-intensive operations impact liquidity and financial stability.
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Reliance on top 10 suppliers affects procurement consistency and cost.
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High customer concentration risks revenue and profitability stability.
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Fluctuations in raw material prices impact production costs significantly.
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Fragmented industry competition pressures profit margins and market share.
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Related party transactions may involve potential conflicts of interest.
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Divine Power Energy IPO FAQs
Divine Power Energy Limited IPO is a book built IPO. The IPO will be open from June 25, 2024 to June 27, 2024.
The Basis of Allotment will happen on Friday, June 28, 2024.
The IPO subscription window will open on June 25, 2024.
The lot size for Divine Power Energy Limited ’s IPO is 1 lot of 3,000 shares, with a minimum investment of ₹1,20,000.
The listing date for Divine Power Energy Limited is Tuesday, July 2, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
