Divine Power Energy Limited
ListedSMECapital Goods / Electrical Equipment · NSE
Divine Power Energy Limited, incorporated in 2001, manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip, utilizing annealing and insulating processes with materials like paper, cotton, and fiberglass. Supplying fiberglass-covered wires and strips to Punjab, Bengaluru, and Ahmedabad, the company aims to expand into Maharashtra. Serving power distribution companies and transformer manufacturers, its clientele includes TATA Power Limited, BSES, and various Vidyut Vitaran Nigams. Its Sahibabad, Ghaziabad facility spans 1,777 square meters, with a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. ISO 9001:2015 certified, Divine Power Energy Limited employs 40 people as of June 2024.
Price Band
₹36 – ₹40
Issue Size
₹22.76 Cr
Lot Size
3000 shares
GMP
₹61
+152.5%
Est. Listing
₹101
at current GMP
Subscribed
393.74x
overall
Open
25 Jun 2024
Close
27 Jun 2024
Allotment
28 Jun 2024
Refund
29 Jun 2024
Demat Credit
30 Jun 2024
Listing
2 Jul 2024
Last updated 12 days ago
Official Registrar Verification
Divine Power Energy Limited Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
28 Jun 2024
Basis finalization
Refunds Initiate
29 Jun 2024
Mandate release
Demat Credit
30 Jun 2024
Shares in demat
Listing Debut
2 Jul 2024
Trading begins
How to Check Divine Power Energy Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select Divine Power Energy Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Divine Power Energy Limited Public Issue & Market Profile
Divine Power Energy Limited is bringing an initial public offering (IPO) in the Capital Goods / Electrical Equipment sector with an aggregate issue size of ₹22.76 Crores. The shares are offered at a price band of ₹36 to ₹40 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-06-27, the basis of allotment is scheduled to be finalized on 2024-06-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.