Divine Power Energy Ltd IPO

About Divine Power Energy Ltd

Divine Power Energy Limited was incorporated on August 24, 2001, as `PDRV Enterprises Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana. The Company's name was changed from `PDRV Enterprises Private Limited' to `Dee Power and Electricals Private Limited' pursuant to the Resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on January 05, 2023 and a fresh Certificate of Incorporation dated May 11, 2023 was issued to this effect by Registrar of Companies, NCT of Delhi & Haryana. Further, the Company's name was changed from `Dee Power and Electricals Private Limited' to `Divine Power Energy Private Limited' pursuant to the Resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on June 10, 2023 and a fresh Certificate of Incorporation dated July 11, 2023 was issued to this effect by Registrar of Companies, NCT of Delhi & Haryana. Subsequently, pursuant to a resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on July 17, 2023, the Company was converted from a private limited company to a public limited company and a fresh certificate of incorporated dated August 03, 2023 was issued by the Registrar of Companies, Delhi. Consequent to the conversion of the Company, the name of the Company was changed to `Divine Power Energy Limited'. The Corporate Identity Number of the Company is U31300DL2001PLC112176.

The Company operates primarily in manufacturing copper and Aluminium Winding Wires which are mainly sold to transformer manufacturers. It primarily serves power distribution industry. Its products are used to manufacture transformers, motors, servo invertors etc.

Divine Power Energy Limited is a manufacturer of Bare Copper/ Aluminium Wire, Bare Copper/ Aluminium Strip, Winding Copper/ Aluminium Wire, Winding Copper / Aluminium Strip. Winding wires / strips are manufactured by annealing and insulating wires / strips and covering them with paper, cotton, fiberglass etc. Winding wires/ strips covered with paper, crepe paper and cotton are sold to power distribution companies and transformer manufacturers to manufacture transformers and also to fix normal wear and tear. In the current calendar year our company started manufacturing wires / strips covered with fiberglass which are used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery etc. The Company has supplied wires / strips covered with fiberglass to markets like Punjab, Bengaluru, Ahmedabad and see good prospects from markets like Maharashtra. In the recent past the Company has started trading in super enameled wires and strips in an effort to cater customer demand and remain competitive. The Company may deliberate to manufacture super enameled wires and strips considering anticipated demand, market trends, and the company's overall goals. The Company mainly sells winding wires to the power distribution companies and transformer manufacturers. Transformers play a critical role in power distribution by regulating the voltage from generation source to the consumer end. The transformer steps up the voltages to higher voltages before transmission at the generator, reducing the power loss during transmission and steps down the higher voltage to lower as required before transmitting the power to the end user. One of the critical components of a transformer is its coil which plays the role of converting electric energy to magnetic energy and then to electric energy, and changes the voltage and current at the same time. The coil is made from winding the wires in a given ratio as per the capacity and ability of the transformer. The Company manufactures winding wires by insulating bare conductors (wires / strips of copper/ aluminium) by paper, cotton, super enamel, fiberglass etc. which are used to make coils of the transformers. Therefore, making its product indispensable for manufacturing transformers and hence power transmission and distribution.

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