IPO Details
Bidding Dates
25 Jun 24 - 27 Jun 24
Price Range ₹
36 - 40
Total Equity
₹ 0.00Cr
Lot Size
3000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
28 Jun 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
28 Jun 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
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, then covered with materials such as paper, cotton, and fibreglass. The company has distributed fiberglass-covered wires and strips to markets in Punjab, Bengaluru, and Ahmedabad and is exploring potential opportunities in Maharashtra. Divine Power Energy Limited primarily supplies winding wires to power distribution companies and transformer manufacturers. Its notable clients include TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited. The company's manufacturing facility is located in Sahibabad, Ghaziabad, covering a total area of 1,777 square meters. This facility has the capacity to handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month. Divine Power Energy Limited (DPEL) is ISO 9001:2015 certified by the International Management Certification, accredited by the Global Accreditation Assessment Forum Series. As of June 2024, the company employs 40 people across various departments.
Year Founded
24-08-2001
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 15779080 | 0 |
Project Details
- Working Capital Requirement - 170cr
Objectives
- To meet the working capital requirements of the Company.General Corporate Purpose.
Highlights
- The company benefits from a strong, experienced, and dedicated senior management team, along with a highly skilled workforce. This combination of leadership and expertise ensures effective decision-making, strategic planning, and efficient execution of operations.
- As a comprehensive solution provider, the company offers a diversified suite of precision products across various geographies and end-user industries. This wide range of offerings allows the company to meet diverse customer needs and tap into multiple market segments.
- With a robust regional presence, the company has established itself as a key player in its market. This strong foothold, combined with a scalable business model, positions the company for sustained growth and expansion into new regions and markets.
- The company has a proven track record of consistent growth and solid financial performance. This stability and reliability make it a trustworthy partner for clients and suppliers, and an attractive option for investors.
- The company is committed to quality assurance and continuous improvement of its operations. By enhancing operating efficiencies through technology upgrades and process improvements, the company ensures high-quality products and services, leading to increased customer satisfaction and loyalty.
Challenges
- The company requires significant working capital for its operations. Inability to meet these working capital needs can adversely affect its operational results. Additionally, ineffective inventory management could negatively impact sales, profitability, cash flow, and liquidity.
- The company relies on a few suppliers for its raw materials. Any delays, interruptions, or price volatility in the supply of these materials could adversely impact the company's business, financial condition, and cash flows.
- A significant portion of the company’s revenue comes from its top 10 customers. Losing one or more of these key customers, or experiencing a reduction in their demand, could severely affect the company's business, financial health, and operational results.
- The company does not have long-term commitment agreements with its customers. Any reduction in orders or a decision by customers to source their requirements elsewhere could adversely impact the company's business and financial performance.
- The company’s operations are heavily dependent on its manufacturing facilities. Any slowdown, shutdown, or labor issues such as strikes or increased wage demands could disrupt operations, adversely affecting the company’s business, financial condition, and operational results.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 7,253.30 | 1,577.91 | 90.16 | 90.16 | 0.7342 |
| 2021 | 6,148.49 | 14.28 | 285.08 | 285.08 | 1.8067 |
| 2022 | 6,265.55 | 14.28 | 50.74 | 50.74 | 0.4132 |
