Divine Power IPO
Divine Power Energy Ltd
₹1,08,000 /3000 sharesMinimum Investment
Divine Power IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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25 Jun ‘24 - 27 Jun ‘24 | ₹1,08,000 | 3,000 | ₹36 - ₹40 |
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.;
Managing director
Mr. Rajesh Giri
Parent organisation
Divine Power Energy Ltd
Strengths & Financials of Divine Power
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.
Divine Power Energy relies heavily on its top 20 suppliers, who accounted for 70.93%, 73.21%, and 81.53% of total purchases in the fiscal years ending March 31, 2024, 2023, and 2022, respectively. Losing any of these major suppliers could negatively affect the company’s business operations.
The company's top 20 customers accounted for 68.47%, 62.05%, and 61.53% of total revenue for FY24, FY23, and FY22, respectively. This heavy dependence means that losing any of these customers could negatively impact the company’s revenues and profitability.
Divine Power Energy operates through a single manufacturing facility in Sahibabad, Uttar Pradesh. Any significant malfunction, slowdown, or shutdown at this facility could adversely affect the business operations of the company.
The company's operations are mainly concentrated in Punjab and Uttar Pradesh. Any adverse developments in the business environment in these states can negatively impact the company’s business performance.
The company’s profit margins are influenced by the fluctuating prices of copper and aluminium.
In FY24, FY23, and FY22, Divine Power Energy had unsecured loans amounting to Rs 0.31 crore, Rs 4.59 crore, and Rs 7.58 crore, respectively. Any inability to service these loans could hurt the company’s business prospects.
Divine Power Financials
*All values are in Rs. Cr
Application Details of Divine Power IPO
Apply as | Price band | Apply upto |
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Regular | ₹36 - 40 | ₹2 - 5 Lakh |
High Networth Individual | ₹36 - 40 | ₹2 - 5 Lakh |
For Divine Power IPO, eligible investors can apply as Regular.