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SME IPO Status: Listed [25th Jun 2024 to 27th Jun 2024]
Divine Power IPO, a SME IPO of ₹22.76 Cr was launced on 25-06-2024 to 27-06-2024 and the shares got listed on NSE SME on 02-07-2024.
The public issue of Divine Power IPO (DPEL) was offered at ₹40.00 per share and the ipo was listed at ₹155.00. It has delivered listing gain of 287.50%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 345000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 25th Jun 2024 |
| SME IPO Issue Closing Date: | 27th Jun 2024 |
| SME IPO Issue Price: | ₹36.00-40.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹22.76 Cr |
| Fresh Issue: | ₹22.76 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | DPEL |
Get important updates regarding Divine Power SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Jun 2024 |
| Refunds Initiation* | 1st Jul 2024 |
| Credit of Shares to Demat* | 1st Jul 2024 |
| SME IPO Listing Date* | 2nd Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹36.00-40.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 6000 shares (2 lots)- ₹240000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 02-07-2024 | 40.00 | 61 | 139100 | ₹101 (152.5%) | 2-Jul-2024 10:27 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Divine Power Energy Ltd (Formerly known as PDRV Enterprises) is a leading manufacturer or insulated and bare copper and aluminium wires and strips in India. The company manufactures Bare Copper, Aluminium Wire, Aluminium Strip, Winding Wire or strips, etc.
Its products are mainly sold to the power distribution companies and transformer manufacturers.
Key customers of the company are Tata Power, Pashchimanchal Vidhyut Vitran Nigam, BSES, Madhyanchal Vidhyut Vitran Nigam, Dakshinanchal Vidhyut Vitran Nigam, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.
It has state of the art manufacturing plant located at Sahibabad, Ghaziabad with a total installed capacity of 300 metric tonnes of aluminium and 400 metric tonnes per month of copper.
The company has a strong market presence in North India, particularly in Uttar Pradesh, Haryana, Uttarakhand, Punjab, Delhi, and Bihar.
| Incorporation | Sector | IPO Issue Size | Website |
| 2001 | Manufacturing | ₹22.76 Cr | https://www.dpel.in/ |
The company intend to utilize the proceeds of the Issue to meet the following objects: -
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,217,110 (28.74%) | 905,134 (21.38%) | 2,111,978 (49.88%) | 4,234,222 | |
| 1 | 25th Jun 2024 19:31 | 0.06x | 16.65x | 28.26x | 17.67x |
| 2 | 26th Jun 2024 19:31 | 0.14x | 63.18x | 104.66x | 65.75x |
| 3 | 27th Jun 2024 18:21 | 135.84x | 473.74x | 507.94x | 393.67x |
Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,889.24 | 7,253.31 | 6,276.46 |
| Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
| Profit After Tax | 640.59 | 284.94 | 80.51 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves and Surplus | 978.62 | 338.03 | 1,231.72 |
| Total Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Divine Power Energy | 4.06 | 4.06 | 16.2 | 25.06 | ||
| Shera Energy Limited | 5.21 | 5.21 | 56.02 | 34.17 | 11 | Consolidated |
| Bhagyanagar India Ltd. | 14.29 | 14.29 | 60.44 | 7.63 | 23.65 | Consolidated |
| Rajnandini Metal Limited | 0.55 | 0.55 | 2.05 | 19.49 | 26.87 | Consolidated |
| Ram Ratna Wires Ltd. | 11.88 | 11.88 | 98.2 | 32.83 | 12.64 | Consolidated |
| Precision Wires India Ltd. | 4.08 | 4.08 | 28.35 | 33.6 | 14.39 | Consolidated |
Last Updated on 02-Jul-2024 23:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Divine Power SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Divine Power SME IPO with Zerodha.
Alternate approch to apply in Divine Power SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Divine Power SME IPO Review and Important Updates
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To subscribe or apply in Divine Power SME IPO, you can use the following methods:
| Divine Power SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Divine Power SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Divine Power SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Divine Power SME IPO. Most of the Syndicate Banks provide access to apply in Divine Power IPO via ASBA process. You must have your net banking access, DP ID information to apply in Divine Power SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Divine Power SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Divine Power SME IPO Review and Important Updates
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Divine Power SME IPO is going to be list on 02-07-2024. NSE Code for Divine Power is DPEL.
Other relevant questions:
When Divine Power SME IPO will be listing? Divine Power SME IPO NSE listing date?Divine Power SME IPO date of listing
Divine Power SME IPO Allotment Date is 28-06-2024.
Other relevant questions:
Divine Power SME IPO share allotment date?Divine Power SME IPO allotment date?
