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Divine Power Energy LImited IPO

Divine Power Energy LImited IPO (Divine Power Energy LImited IPO) Details

Divine Power Energy LImited

Divine Power Energy LImited IPO's overview

Divine Power Energy LImited IPO is a book built issue of ₹910.40 Cr (9,10,40,00,000). The issue includes a fresh issue of 22.76 Cr (22,76,00,000) shares aggregating to ₹910.40 Cr (9,10,40,00,000).

Divine Power Energy LImited IPO bidding started from Jun 25, 2024 and ended on Jun 27, 2024. The allotment for Divine Power Energy LImited IPO was finalized on Jun 28, 2024. The shares got listed on NSE on Jul 02, 2024.

Divine Power Energy LImited IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹1.08 Lakh (1,08,000).

Refer to Divine Power Energy LImited IPO RHP for detailed information.

IPO date
Jun 25,2024 - Jun 27,2024
Listing Date
Jul 02,2024
Face value
₹10
Price Band
₹36 to ₹40 per share
Lot
₹3000 Shares
Total Issue Size
22.76 Cr (22,76,00,000)
aggregating up to ₹910.40 Cr (9,10,40,00,000)
Fresh Issue
22.76 Cr (22,76,00,000)
aggregating up to ₹910.40 Cr (9,10,40,00,000)
Issue Type
Book Building
IPO Type
SME
Listing At
NSE

Tue, Jun 25, 2024
IPO Open
Thu, Jun 27, 2024
IPO Close
Fri, Jun 28, 2024
Basis of Allotment
Mon, Jul 01, 2024
Initiation of Refunds
Mon, Jul 01, 2024
Credit of Shares to Demat
Tue, Jul 02, 2024
Listing

Divine Power Energy LImited IPO Lot Size

Application	Lots	Shares	Amount
Retail(Min)	1	3,000	₹1.20 Lakh (1,20,000)
Retail(Max)	1	3,000	₹1.20 Lakh (1,20,000)
HNI(Min)	2	6,000	₹2.40 Lakh (2,40,000)

Divine Power Energy LImited IPO Reservation

Investor Category	Shares Offered
Offered to QIB	12.17 Lakh (12,17,110)
Offered to NII	9.05 Lakh (9,05,134)
Offered to RII	21.12 Lakh (21,11,978)
Offered to Anchor Investor	16.20 Lakh (16,20,000)

About Divine Power Energy LImited

Incorporated in 2001, Divine Power Energy Limited manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc. The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra. The company primarily sells winding wires to power distribution companies and transformer manufacturers. The company's clients include TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, Uttarakhand Power Corporation Limited, etc. The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month. DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series. As of June 2024, the company employs a total of 40 people in various departments.

Divine Power Energy LImited IPO's documents

Divine Power Energy LImited Contact Details

Divine Power Energy Limited Unit No. Offices, 1st Floor CSC-II, B-Block, Surajmal Vihar New Delhi-110092, Phone: 011-36001992 Email: [email protected] Website: https://www.dpel.in/

Divine Power Energy LImited IPO's Promoters

The promoters of the company are Mr Rajesh Giri, Mr Vikas Talwar and Ms Dali Giri.