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Open
25 Jun 2024
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Close
27 Jun 2024
3
Allotment
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Listing
Tue, Jul 2, 2024
Price Band
₹36 to ₹40
Issue Size
56,88,000 shares (agg. up to ₹23 Cr)
Lot Size
3,000 Shares
Listing Date
Tue, Jul 2, 2024
Latest GMP
₹61
Est. Gain
152.5%
✦ AI Insight
GMP Trend
02-07-2024₹61Est. ₹101+152.5%
01-07-2024₹61Est. ₹101+152.5%
30-06-2024₹61Est. ₹101+152.5%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 304.19x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 88.89 | 72.53 | 62.76 |
| Total Income | 222.72 | 150.84 | 122.90 |
| Profit After Tax | 6.41 | 2.85 | 0.81 |
| NET Worth | 25.57 | 19.16 | 12.46 |
| Reserves and Surplus | 9.79 | 3.38 | 12.32 |
| Total Borrowing | 57.85 | 47.64 | 44.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| DCG Cables & Wires Ltd. | SME | ₹49.99 Cr | ₹100 | 76.34 | ₹85.50 | -14.50% | ₹53.50 (-1.11%) |
| Marco Cables & Conductors Ltd. | SME | ₹18.73 Cr | ₹36 | 20.22 | ₹40.60 | +12.78% | ₹32.00 (+6.67%) |
| Plaza Wires Ltd. | Mainboard | ₹71.28 Cr | ₹54 | 21.95 | ₹80.20 | +48.52% | ₹42.58 (+0.59%) |
| R R Kabel Ltd. | Mainboard | ₹1,964.01 Cr | ₹1035 | null | ₹1,198.05 | +15.75% | ₹2,293.30 (-4.68%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement including margin money | 18.00 |
| 2 | General Corporate Purpose | 3.50 |
About Divine Power Energy IPO
Incorporated in 2001, Divine Power Energy Limited manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc. The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra. The company primarily sells winding wires to power distribution companies and transformer manufacturers. The company's 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, Uttarakhand Power Corporation Limited, etc. The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month. DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum
Contact Details
Divine Power Energy Ltd. AddressUnit No.Offices, 1st FloorCSC-II, B-BlockSurajmal ViharDelhi, New Delhi, 110092011-36001992info@dpel.inVisit Website