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
Overall Subscription
393.74x
Total Demand
QIB Multiplier
135.84x
Institutions & Funds
NII / HNI
474.06x
High Net-Worth
Retail (RII)
507.94x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,217,110 | 165,336,000 | 135.84x |
| NIB | 905,134 | 429,087,000 | 474.06x |
| RETAIL | 2,111,978 | 1,072,752,000 | 507.94x |
| Total | 4,234,222 | 1,667,175,000 | 393.74x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 664 | 337,272 | 507.94x |
| HNIs (10L +) | 4 | 1,896 | 474.06x |
| HNIs (2-10L) | 20 | 9,481 | 474.06x |
| Total Applications | 688 | 348,649 | 506.76x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Divine Power Energy Limited IPO is ₹61 per equity share. Based on the upper price band of ₹36 to ₹40 per equity share, the estimated listing price is ₹101 (+152.5% expected listing 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, the expected profit per application lot is approx ₹1,83,000 (+152.5% gain). Minimum application cost is approx ₹1,20,000.
What is the issue size and price band for Divine Power Energy Limited IPO?
The Divine Power Energy Limited IPO aggregate issue size is ₹22.76 Crores with an equity price band set at ₹36 to ₹40 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
How can I check Divine Power Energy Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 393.74x (Retail: 507.94x, QIB: 135.84x, NII: 474.06x). You can track live multiples directly on our dedicated subscription page.
Where and when will Divine Power Energy Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-06-28. Investors can verify status using PAN card or application number.
When is the listing date for Divine Power Energy Limited IPO?
Divine Power Energy Limited shares are scheduled to list on NSE on 2024-07-02.