Divine Power Energy Limited IPO
Divine Power Energy Limited IPO
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Divine Power Energy Limited's successfully completed its Initial Public Offering and commenced trading on 02-07-2024 at the NSE exchange. The company raised 56,90,000 Shares through this public offering, comprising 56,90,000 Shares in fresh capital.
The IPO was priced within the band of ₹36 to ₹40, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from 25-06-2024 to 27-06-2024.
Share allotment was finalized on 28-06-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Divine Power IPO About Company
Divine Power Energy Limited, incorporated in 2001, manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip, utilizing annealing and insulating processes with materials like paper, cotton, and fiberglass. Supplying fiberglass-covered wires and strips to Punjab, Bengaluru, and Ahmedabad, the company aims to expand into Maharashtra. Serving power distribution companies and transformer manufacturers, its clientele includes TATA Power Limited, BSES, and various Vidyut Vitaran Nigams. Its Sahibabad, Ghaziabad facility spans 1,777 square meters, with a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. ISO 9001:2015 certified, Divine Power Energy Limited employs 40 people as of June 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Divine Power IPO Strength Factors
- Growth Potential: Divine Power Energy Limited has the infrastructure and production capacity to scale its operations and expand its market reach.
- Strong Market Presence: The company has built a solid foundation in key regions like Punjab, Bengaluru, and Ahmedabad, with plans to enter Maharashtra.
- Steady Performance: With a history of consistent growth and strong financial results, Divine Power Energy Limited demonstrates stability and reliability in the industry.
Divine Power IPO Risk Factors
- High Working Capital Needs: The company requires substantial funds to keep operations running smoothly. Any shortfall could affect sales, profitability, and cash flow.
- Reliance on Key Suppliers: Depending on a few major suppliers means that losing any of them could disrupt business operations.
- Customer Dependence: A large portion of revenue comes from a few key customers, so losing them could significantly impact earnings and profitability.
Divine Power IPO Lead Manager(s)
- Khambatta Securities Limited
Divine Power IPO Promoter(s)
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
Divine Power IPO FAQs
Divine Power Energy Limited IPO subscribed 393.74 times. The public issue subscribed 507.94 times in the retail category,135.84times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 9:22:49 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Divine Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Divine Power IPO FAQs
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