Divine Power Energy Limited (NSE SME)
Jun 25, 2024 - Jun 27, 2024
| Price | ₹36 - ₹40 |
| Premium | ₹61 |
|---|---|
| Lot size | 3000 |
| Allotment | Jun 28, 2024 |
| Listing | Jul 2, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 120000 | 704 |
| HNI | 2 | 6000 | 240000 | 301 |
Last updated on 27-Jun-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1217110 | 165336000 | 135.84 |
| NIB | 905134 | 429087000 | 474.06 |
| RETAIL | 2111978 | 1072752000 | 507.94 |
| Total | 4234222 | 1667175000 | 393.74 |
| Retail Apps | 357584 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹25.46 | @8% ₹29.09 | @9% ₹32.73 | @10% ₹36.37 | @11% ₹40 | @12% ₹43.64 |
Divine Power IPO Details
| Issue Size | 5,690,000 shares (aggregating up to ₹[22.76] Cr) |
| Fresh Issue | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,779,080 |
| Share holding post issue | 21,469,080 |
| Market maker portion | 288,000 Shares Nikunj Stock Brokers |
Divine Power IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.06% | 17.97% | 6.64% |
| ROCE | 16.25% | 14.77% | 8.87% |
| RONW | 25.06% | 14.87% | 6.46% |
| D/E | 2.26 | 2.46 | 3.57 |
| EPS (Diluted) | 4.06 | 2.31 | 0.66 |
| P/E Pre IPO | 9.85 | ||
| P/E Post IPO | 13.41 |
Company Financials
Divine Power Energy Limited Financial Information (Restated)
Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 8,889.24 | 7,253.31 | 6,276.46 |
| Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
| Profit | 640.59 | 284.94 | 80.51 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves | 978.62 | 338.03 | 1,231.72 |
| Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
| Amount in ₹ Lakhs | |||
About Company
Incorporated in 2001, Divine Power Energy Limited specializes in the manufacturing of Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. These winding wires and strips are produced through annealing and insulating processes, using materials such as paper, cotton, and fiberglass. The company supplies fiberglass-covered wires and strips to markets in Punjab, Bengaluru, and Ahmedabad, with future expansion potential in Maharashtra. Divine Power Energy primarily serves power distribution companies and transformer manufacturers, with a client roster that includes prominent names like TATA Power Limited, BSES, and several regional Vidyut Vitaran Nigams. The manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. Certified by ISO 9001:2015 from the International Management Certification, accredited by the Global Accreditation Assessment Forum Series, the company employs 40 people as of June 2024.
Strength Factors
Scalable Business: Divine Power Energy Limited has the capacity to expand its operations and market reach, leveraging its existing infrastructure and production capabilities.
Strong Regional Presence: The company has established a solid foothold in key markets such as Punjab, Bengaluru, and Ahmedabad, with plans to expand into Maharashtra.
Consistent Growth: Divine Power Energy Limited boasts a consistent track record of growth and strong financial performance, underscoring its stability and reliability in the industry.
Risk Factors
Working Capital Intensive: Divine Power Energy Limited's operations require significant working capital. Inability to meet these requirements could negatively impact operations, sales, profitability, cash flow, and liquidity.
Supplier Dependence: The company relies on a few key suppliers for its products. Losing any of these suppliers could disrupt business operations.
Customer Concentration: A significant portion of sales comes from a few large customers. Losing any of these customers could adversely affect the company's revenue and profitability.
Divine Power IPO Lead Manager(s)
- Khambatta Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html