Divine Power Energy IPO Allotment Status

Divine Power Energy IPO bidding started on June 25, 2024, and ended on June 27, 2024. The allotment for the IPO is expected to be finalized on Friday, June 28, 2024. Divine Power IPO will be listed on NSE SME with a tentative listing date fixed as Tuesday, July 2, 2024. The price band is set at ₹36 to ₹40 per share. Khambatta Securities Limited is the book-running lead manager of the Divine Power IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Divine Power IPO is Nikunj Stock Brokers.

Divine Power Energy IPO Subscription Status

Divine Power IPO offers 6,142,222 shares. 1,217,110 (19.82%) to QIB, 905,134 (14.74%) to NII, 2,111,978 (34.38%) to RII and 1,620,000 (26.37%) to Anchor investors. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.


How to Check Divine Power Energy IPO Allotment Status?

To check the Divine Power Energy IPO allotment status:

  • Visit the NSE website.
  • Choose 'Equity' under the Issue Type.
  • Select 'Divine Power Energy’ from the dropdown menu.
  • Enter your Application Number or PAN.
  • Complete the captcha verification by clicking on 'I am not a Robot', then click 'Submit'.


To check the Divine Power Energy IPO allotment status on the Link Intime India website, follow these steps:

  1. Access the website of the IPO registrar, Link Intime India.
  2. Opt for 'Divine Power Energy' from the dropdown list under 'Select Company'.
  3. Pick your preferred identification method from PAN, Application Number, DP/Client ID, or Account Number/IFSC.
  4. Enter the necessary details based on the chosen option.
  5. The screen will display your status with Divine Power Energy IPO. 

Divine Power Energy  IPO Details

IPO DateJune 25, 2024 to June 27, 2024
Listing Date[To be announced]
Face Value₹10 per share
Price Band₹36 to ₹40 per share
Lot Size3000 Shares
Total Issue Size5,690,000 shares( ₹22.76 Cr)
Fresh Issue5,690,000 shares( ₹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 Energy IPO Timeline (Tentative Schedule) 

Divine Power IPO opens on June 25, 2024, and closes on June 27, 2024.

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


About Divine Power Energy IPO

Divine Power Energy Limited, which was incorporated in 2001, is a manufacturer of winding copper/aluminum strips, winding copper/aluminum wire, and bare copper/aluminum wire. The process of producing winding wires/strips involves annealing, insulating, and covering the wires/strips with materials such as paper, cotton, fiberglass, etc. The company mainly supplies transformer makers and electricity distribution providers with winding wires.

Financial Information Divine Power Energy IPO (Restated Consolidated) 


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

Amount in ₹ Lakh