Divine Power IPO

Divine Power Energy Ltd

₹1,08,000 /3000 sharesMinimum Investment

Divine Power IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹40.00₹155.00₹115.00 (287.50%)

Divine Power IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jun ‘24 - 27 Jun ‘24₹1,08,0003,000₹36 - ₹40
Issue SizeIPO Doc
22.76Cr
RHP PDF

About the company

Divine Power Energy Limited is a manufacturer of bare copper/aluminium wire, bare copper/aluminium strips, winding copper/aluminium wire, and winding copper/aluminium strips. These winding wires and strips are produced by annealing and insulating them, and then covering them with materials such as paper, cotton, and fibreglass. These are then sold to power distribution companies and transformer manufacturers. Recently, Divine Power Energy began producing wires and strips with fibreglass coverings, which are used in making electromagnetic coils for lifting magnets that handle heavy loads like containers and machinery. The company supplies these fibreglass-covered wires and strips to markets in Punjab, Bengaluru, and Ahmedabad. To meet customer demand, Divine Power Energy has also started trading in super-enamelled wires and strips.;
Founded in
2001
Managing director
Mr. Rajesh Giri
Parent organisation
Divine Power Energy Ltd

Strength and risks

Strengths
Risks
Divine Power Energy sells its products to big companies like Tata Power Ltd, Pashchimanchal Vidyut Vitran Nigam Ltd, BSES, Madhyanchal Vidyut Vitaran Nigam Ltd, Dakshinanchal Vidyut Vitran Nigam Ltd, Purvanchal Vidyut Vitaran Nigam Ltd, and Uttarakhand Power Corporation Ltd.
For the financial years ending March 31, 2024 (FY24), March 31, 2023 (FY23), and March 31, 2022 (FY22), the company witnessed a steady rise in net income to Rs 222.08 crore, Rs 150.58 crore, and Rs 122.49 crore. Profit after tax (PAT) also increased from Rs 0.80 crore in FY22, to Rs 2.85 crore in FY23, and Rs 6.40 crore in FY24.
The company holds an ISO 9001:2015 certification.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular36 - 40₹2 Lakh
High Networth Individual36 - 40₹2 - 5 Lakh
For Divine Power IPO, eligible investors can apply as Regular.
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