Divine Power Energy IPO bids starts on Tuesday, June 25 and ends on Thursday, June 27. The IPO is a book-built issue of Rs. 22.76 crores. The issue is entirely a fresh issue of 56.9 lakh equity shares. The price range of the issue is set to ₹36 to ₹40 per equity share with a face value of Rs.10/- each. Divine Power Energy IPO shall be listed on NSE SME (small and medium enterprises) with tempting date fixed as Tuesday, July 2.
The minimum lot size of the issue is 3000 equity shares and in multiples thereof. The minimum amount of investment required for retails is ₹1,20,000. The minimum bid size for HNI’s is 2 lots, aggregating to ₹2,40,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Bidders), 35% for Retail and 15% for NII’s (Non-institutional Investors).
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Khambatta Securities Limited is book-running lead managers. Axis Bank Limited is sponsor bank of the IPO. Bigshare Services Private Limited is the registrar of the issue.
Financials
| Particulars | 2024 | 2023 | 2022 |
| Revenue | 222 | 150 | 122 |
| PAT | 6.4 | 2.84 | 0.80 |
| PAT Margin | 2.88% | 1.89% | 0.66% |
| Borrowings | 57.85 | 47.63 | 44.60 |
| Cash Flow | -2.82 | 1.90 | 4.72 |
The company has a Total Debt of ₹57.85 crores, out of which ₹53.66 crores is Short-term Debt and ₹4.18 crores is Long-term Debt.
Risk Factors
- The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect our business operations.
- The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitablity.
- We do not have firm commitment agreements with our customers. If our customers reduce their purchases from us or choose not to source their requirements from us, there may be an adverse effect on our business, results of operations, financial condition and cash flows.
Object of the Issue
- To meet the working capital requirements of the company – 18 crores
- General corporate purpose
About Divine Power Energy Limited
Incorporated in 2001, Divine Power Energy Limited manufactures insulated and bare copper and aluminum wires and strips in India. DPEL produce high-quality materials at a competitive price, while the company’s experienced team ensures that every product meet its rigorous standards.