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IPO Divine Power Energy Ltd

  • Price Range

    ₹36 - ₹40

  • Min. Quantity

    3,000

  • Closes on

    27 June 2024

  • Min. investment

    ₹1,20,000/3,000 Shares

Divine Power Energy Ltd IPO Timeline

Divine Power Energy Ltd was incorporated on August 24, 2001, as PDRV Enterprises Private Limited', a Private Limited Company issued by the Registrar of Companies, NCT of Delhi & Haryana. The Company's name was changed from PDRV Enterprises Private Limited' to Dee Power and Electricals Private Limited' and a fresh Certificate of Incorporation dated May 11, 2023 was issued to this effect by Registrar of Companies. Again, Company's name was changed from Dee Power and Electricals Private Limited' to Divine Power Energy Private Limited' dated July 11, 2023. Subsequently, Company got converted from a Private Limited Company to Public Limited Company and a fresh Certificate of Incorporation dated August 03, 2023 to this effect was issued by the Registrar of Companies, Delhi. The name of Company was also changed to Divine Power Energy Limited'.

EventDate
Divine Power Energy Ltd IPO Opening Date25 June 2024
Divine Power Energy Ltd IPO Closing Date 27 June 2024
Basis of Allotment28 June 2024
Initiation of Refunds1 July 2024
Credit of Shares to Demat1 July 2024
Divine Power Energy Ltd IPO Listing Date2 July 2024

Divine Power Energy Ltd IPO Details

Divine Power Energy Ltd IPO Date25 June 2024 to 27 June 2024
Divine Power Energy Ltd IPO Face Value₹10 per share
Divine Power Energy Ltd IPO Price₹36 to ₹40 per share
Divine Power Energy Ltd IPO Lot Size3,000
Issue Size Shares of ₹10 (aggregating up to ₹22.75 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹22.76 Cr)
Offer for Sale-
Issue TypeBook Building - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersRajesh Giri, Vikas Talwar, Dali Giri

Divine Power Energy Ltd IPO Lot Size

The Divine Power Energy Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,20,000).

Application LotsSharesAmount
Minimum13,000₹1,20,000
Maximum13,000₹1,20,000
  • Risks
  • Opportunities
  • 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.

Company Financials

Divine Power Energy Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-202488.86222.726.41
03-202372.53150.842.85
03-202262.73122.90.90
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Working capital requirement
  • General corporate purposes

Divine Power Energy Ltd IPO Promoter Holding

Pre Issue Share Holding48.65%
Post Issue Share Holding-

Divine Power Energy Ltd IPO Subscription Status (Bidding Detail)

The Divine Power Energy Ltd IPO is subscribed 293.4251 times on 27 June 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----293.4251

Divine Power Energy Ltd IPO Prospectus

Divine Power Energy Ltd IPO Listing Date

BSE Script 92765
NSE SymbolDPEL
Listing In NSE - SME
ISININE0SCO01019
IPO Price₹40
Face Value10

Company Contact Information

Divine Power Energy Ltd
Unit No Offices 1st Flr CSC IIB Block Surajmal Vihar,New Delhi-110092
Phone: 011 3600 1992/ 2842
Email: info@dpel.in
Website: www.dpel.in

Divine Power Energy Ltd IPO Registrar

Phone:+91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Divine Power Energy Ltd IPO Lead Manager(s)

  1. Khambatta Securities Ltd

FAQ

What is the issue size of Divine Power Energy Ltd IPO?

Divine Power Energy Ltd IPO, which opens for subscription from to 27 June 2024 has an issue size of ₹22.75 crore. The issue type is book building issue.

I have pre-applied for Divine Power Energy Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Divine Power Energy Ltd IPO?

Divine Power Energy Ltd IPO Opens for subscription from 25 June 2024 to 27 June 2024

What is the lot size and minimum order quantity of the Divine Power Energy Ltd IPO?

The lot size of Divine Power Energy Ltd is 3,000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,20,000 and ₹1,20,000 respectively.

What are the allotment dates for the Divine Power Energy Ltd IPO?

Allotment date for Divine Power Energy Ltd is 28 June 2024 and refund of application amount (in case allotment is not received) will begin from 1 July 2024. If your allotment goes through, then shares will be credited in your Demat account by 1 July 2024.

Who is the registrar of Divine Power Energy Ltd IPO?

The registrar for Divine Power Energy Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Divine Power Energy Ltd IPO getting listed?

The shares of Divine Power Energy Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)