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Subscription
Last updated on 27-Jun-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1217110 | 165336000 | 135.84 |
| NIB | 905134 | 429087000 | 474.06 |
| RETAIL | 2111978 | 1072752000 | 507.94 |
| Total | 4234222 | 1667175000 | 393.74 |
| Retail Apps | 357584 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹25.46 | @8% ₹29.09 | @9% ₹32.73 | @10% ₹36.37 | @11% ₹40 | @12% ₹43.64 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 120000 | 704 |
| HNI | 2 | 6000 | 240000 | 301 |
Divine Power IPO Details
| Issue Size | 5,690,000 shares (aggregating up to ₹[22.76] Cr) |
| Fresh Issue | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,779,080 |
| Share holding post issue | 21,469,080 |
| Market maker portion | 288,000 Shares Nikunj Stock Brokers |
Divine Power IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.06% | 17.97% | 6.64% |
| ROCE | 16.25% | 14.77% | 8.87% |
| RONW | 25.06% | 14.87% | 6.46% |
| D/E | 2.26 | 2.46 | 3.57 |
| EPS (Diluted) | 4.06 | 2.31 | 0.66 |
P/E Pre IPO | 9.85 | ||
P/E Post IPO | 13.41 |
Company Financials
Divine Power Energy Limited Financial Information (Restated)
Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 8,889.24 | 7,253.31 | 6,276.46 |
| Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
| Profit | 640.59 | 284.94 | 80.51 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves | 978.62 | 338.03 | 1,231.72 |
| Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
| Amount in ₹ Lakhs | |||
About Company
Incorporated in 2001, Divine Power Energy Limited specializes in the manufacturing of Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. These winding wires and strips are produced through annealing and insulating processes, using materials such as paper, cotton, and fiberglass. The company supplies fiberglass-covered wires and strips to markets in Punjab, Bengaluru, and Ahmedabad, with future expansion potential in Maharashtra. Divine Power Energy primarily serves power distribution companies and transformer manufacturers, with a client roster that includes prominent names like TATA Power Limited, BSES, and several regional Vidyut Vitaran Nigams. The manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. Certified by ISO 9001:2015 from the International Management Certification, accredited by the Global Accreditation Assessment Forum Series, the company employs 40 people as of June 2024.
Strength Factors
Scalable Business: Divine Power Energy Limited has the capacity to expand its operations and market reach, leveraging its existing infrastructure and production capabilities.
Strong Regional Presence: The company has established a solid foothold in key markets such as Punjab, Bengaluru, and Ahmedabad, with plans to expand into Maharashtra.
Consistent Growth: Divine Power Energy Limited boasts a consistent track record of growth and strong financial performance, underscoring its stability and reliability in the industry.
Risk Factors
Working Capital Intensive: Divine Power Energy Limited's operations require significant working capital. Inability to meet these requirements could negatively impact operations, sales, profitability, cash flow, and liquidity.
Supplier Dependence: The company relies on a few key suppliers for its products. Losing any of these suppliers could disrupt business operations.
Customer Concentration: A significant portion of sales comes from a few large customers. Losing any of these customers could adversely affect the company's revenue and profitability.
Strength
Weakness
Lead Manager(s)
Address
Divine Power Energy Limited
Unit No. Offices, 1st Floor
CSC-II, B-Block, Surajmal Vihar
New Delhi-110092,
Phone: 011-36001992
Email: info@dpel.in
Website: https://www.dpel.in/