Divine Power Energy Ltd IPO
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Divine Power Energy Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| 56.9 L | TBA | 18.91 L | 135.69 L | NSE | ₹ 22.76 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jun, 24 | 27 Jun, 24 | 3000 | ₹ 1,08,000 | Book Building - SME | 02 Jul, 24 |
Divine Power Energy Ltd IPO Details
Divine Power Energy Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Mining |
| Sub Sector | Minerals |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 61.21x | 2701000 | 165336000 |
| NII | 529.83x | 810300 | 429321000 |
| Retail | 568.23x | 1890700 | 1074345000 |
| Employee | 0x | 0 | 0 |
| Total | 293.32x | 5690000 | 1669002000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Divine Power Energy Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.84 | 1.93 | 1.59 |
| EBITDA | 7.04 | 2.62 | 2.25 |
| PAT | 2.85 | 0.90 | 0.51 |
| Total Assets | 62.60 | 54.98 | 56.00 |
| Share Capital | 15.78 | 0.14 | 0.14 |
| Total Borrowings | 42.09 | 39.04 | 34.78 |
| Operating Activities (Net Cash) | 4.05 | 1.59 | 1.17 |
| Investing Activities (Net Cash) | -0.54 | 0.07 | 0.00 |
| Financing Activities (Net Cash) | 42.09 | 39.04 | 34.78 |
| Net Cashflow | 1.32 | 1.11 | 1.88 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
Peer Comparison:
- Shera Energy Ltd
- Bhagyanagar India Ltd
- Rajnandini Metal Ltd
- Ram Ratna Wires Ltd
- Precision Wires India Ltd
Divine Power Energy Ltd IPO Key Points
Strengths
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance.
Risk
- Its business is working capital intensive. The company's inability to meet its working capital requirements may have adverse effect on its results of operations. Further, failures to manage its inventory could also have adverse effect on the company's sales, profitability, cash flow and liquidity.
- The company depends on a few suppliers for its raw materials and any delay, interruption or reduction in the supply of raw materials to manufacture its products or volatility in the prices of raw materials, may adversely affect its business, results of operations, financial condition and cash flows.
- The company derives a significant portion of its revenue from its top 10 customers. The loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows.
Strategy
- Strengthen its brand value.
- Expanding its customer base.
- Quality Assurance.
- Continue to improve operations.
- Continue to improve operating efficiencies through technology enhancements.
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance.
How To Apply for Divine Power Energy Ltd Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
