Divine Power Energy Limited’s (IPO) opens on June 25, 2024, and closes on June 27, 2024. The allotment for the Divine Power IPO is anticipated to be completed on Friday, June 28, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Tuesday, July 2, 2024.

The price band for the Divine Power IPO is set at Rs 36 to 40 per share. The IPO is a book-built issue of Rs 22.76 crores, entirely a fresh issue of 56.9 lakh shares.

Divine Power IPO Details

IPO DateJune 25, 2024 to June 27, 2024
Listing Date[.]
Face ValueRs 10 per share
PriceRs 36 to Rs 40 per share
Lot Size3000 Shares
Total Issue Size5,690,000 shares
(aggregating up to Rs 22.76 Cr)
Fresh Issue5,690,000 shares
(aggregating up to Rs 22.76 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre issue15,779,080
Shareholding post issue21,469,080
Market Maker portion288,000 shares

Divine Power IPO Lot Size

Retail (Min)13000Rs 120,000
Retail (Max)13000Rs 120,000
HNI (Min)26000Rs 240,000

Divine Power IPO Objectives

The objectives of the Issue are:

  1. To meet its working capital requirements
  2. Capital for general corporate purposes

About Divine Power Energy Limited

Divine Power Energy Limited (formerly known as PDRV Enterprises Pvt Limited), incorporated in 2001, is a leading manufacturer of insulated and bare copper and aluminum wires and strips in India.

The company has supplied fiberglass-covered wires and strips to markets in Punjab, Bangalore, and Ahmedabad. It also sees potential in markets like Maharashtra.

Divine Power Energy Limited’s clients include Tata Power Limited, Paschimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitran Nigam Limited, and Uttarakhand Power Corporation Limited.

The company’s manufacturing facility is located in Sahibabad, Ghaziabad.

Divine Power Energy Limited Financial Information

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Profit After Tax640.59284.9480.51
Net Worth2,556.531,915.941,246.00
Reserves and Surplus978.62338.031,231.72
Total Borrowing5,785.444,763.844,466.34

Divine Power IPO Timeline

IPO Open DateTuesday, June 25, 2024
IPO Close DateThursday, June 27, 2024
Basis of AllotmentFriday, June 28, 2024
Initiation of RefundsMonday, July 1, 2024
Credit of Shares to DematMonday, July 1, 2024
Listing DateTuesday, July 2, 2024
Cut-off time for UPI mandate confirmation5 PM on June 27, 2024


Divine Power Energy Limited’s IPO opens on June 25, 2024, and closes on June 27, 2024, with a price band of Rs 36 to Rs 40 per share. The IPO aims to raise Rs 22.76 crores through a fresh issue of 5.69 million shares. The company, which manufactures insulated and bare copper and aluminum wires and strips, plans to use the funds for working capital and general corporate purposes. The IPO will be listed on the NSE SME, with the tentative listing date set for July 2, 2024. Divine Power Energy Limited has shown strong financial growth, with a 47.65% increase in revenue and a 124.82% rise in profit after tax from FY 2023 to FY 2024.

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