What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Divine Power Energy Limited IPO?

Based on the upper price band of ₹40 and current GMP of ₹61, the estimated listing price is ₹101 (approx. 152.5% gain).

What is the expected profit per lot for Divine Power Energy Limited IPO?

With a lot size of 3000 shares and current GMP of ₹61, expected profit per retail application lot is approximately ₹1,83,000.

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Grey Market Intelligence

Divine Power Energy Limited

ListedSME

Capital 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

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

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Divine Power Energy Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹61+152.5%

Issue Price (Upper)

₹40

Band: ₹36 – ₹40

Estimated Listing Price

₹101

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,20,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹61	152.5%	₹101
30 Oct 2026	+₹61	152.5%	₹101
29 Oct 2026	+₹55	137.3%	₹95

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Divine Power Energy Limited IPO GMP today?

The latest grey market premium for Divine Power Energy Limited IPO is ₹61, which indicates an expected listing price of ₹101.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.