Divine Power Energy Ltd IPO

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.

Open Demat Account

50years

Divine Power Energy Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
56.9 LTBA18.91 L135.69 LNSE₹ 22.76 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
25 Jun, 2427 Jun, 243000 ₹ 1,08,000 Book Building - SME02 Jul, 24

Divine Power Energy Ltd IPO Dates

  • 25 Jun 2024

    Opening date

  • 27 Jun 2024

    Closing date

  • 28 Jun 2024

    Basis of
    Allotment

  • 01 Jul 2024

    Initiation of
    Refunds

  • 01 Jul 2024

    Credit of
    Shares

  • 02 Jul 2024

    Listing date

Details

SectorType
SectorMining
Sub SectorMinerals
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB61.21x2701000165336000
NII529.83x810300429321000
Retail568.23x18907001074345000
Employee0x00
Total293.32x56900001669002000

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)FY23FY22FY21
Revenue from operations5.841.931.59
EBITDA7.042.622.25
PAT2.850.900.51
Total Assets62.6054.9856.00
Share Capital15.780.140.14
Total Borrowings42.0939.0434.78
Operating Activities (Net Cash)4.051.591.17
Investing Activities (Net Cash)-0.540.070.00
Financing Activities (Net Cash)42.0939.0434.78
Net Cashflow1.321.111.88

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.

Get your FAQs right

Divine Power Energy Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 25, 2024 and ends on Jun 27, 2024.

The price of Divine Power Energy Ltd IPO ranges between ₹36 to ₹40 per share.

The Divine Power Energy Ltd IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.

The allotment for the Divine Power Energy Ltd IPO will be finalised on Jun 28, 2024. The shares will be listed on BSE and NSE on Jul 2, 2024.

The minimum lot size for Divine Power Energy Ltd IPO is 3000 shares, priced between ₹36 to ₹40 per share.

The GMP (Grey Market Premium) of Divine Power Energy Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Divine Power Energy Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Divine Power Energy Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 25, 2024, and closes on Jun 27, 2024. The allotment is finalised on Jun 28, 2024.

To apply for the Divine Power Energy Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.