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Divine Power IPO
Price Band
₹36.0–40.0
Issue Size
₹22.75 Cr
Lot Size
3,000 shares
Min Investment
₹120,000
GMP
+₹61.0 (152.5%)
Issue Price
₹40.0
Subject to Sauda
₹139100
Paid only if allotted
Divine Power IPO AI Summary
- Divine Power IPO is listed on NSE SME in the Cables - Electricals sector.
- Price band: ₹36.0–₹40.0 per share, lot size 3,000 shares (min. investment ₹120,000).
- Subscription window: 25 Jun–27 Jun 2024, listing on 02 Jul 2024.
- Current GMP is +₹61.0 (152.5%), an estimated listing price of ₹101 — unofficial and can change daily.
Divine Power Energy Limited is set to raise ₹22.75 Cr through its IPO, with a focus on expanding its working capital and general corporate purposes. The company has shown significant growth in revenue and profit over the past few years, positioning itself well within the electrical cables sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Divine Power IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Divine Power IPO Grey Market Premium (GMP) Today
GMP
+₹61.0
GMP %
+152.5%
Est. Listing
₹101.0
Updated: 25 Jul 2026 14:05
About the Company
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 Series. As of June 2024, the company employs a total of 40 people in various departments.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹4.06
NAV
₹16.20
ROE
25.06%
ROCE
16.25%
RoNW
25.06%
P/B Value
2.47
P/E Ratio
9.85
Market Cap
₹85.88 Cr
PAT Margin
2.88%
Debt/Equity
2.26
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Precision Wires India Ltd. | 28.35 | 14.39% | 33.6 | 4.08 | 4.08 |
| Ram Ratna Wires Ltd. | 98.2 | 12.64% | 32.83 | 11.88 | 11.88 |
| Rajnandini Metal Limited | 2.05 | 26.87% | 19.49 | 0.55 | 0.55 |
| Bhagyanagar India Ltd. | 60.44 | 23.65% | 7.63 | 14.29 | 14.29 |
| Shera Energy Limited | 56.02 | 11% | 34.17 | 5.21 | 5.21 |
| Divine Power Energy This IPO | 16.2 | 25.06% | — | 4.06 | 4.06 |
Promoters
Rajesh Giri, Vikas Talwar and Dali Giri
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirement including margin money 18.00 2 General Corporate Purpose 3.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income grew from ₹122.90 Cr in the year ending 31 Mar 2022 to ₹150.84 Cr by 31 Mar 2023, and further increased to ₹222.72 Cr by 31 Mar 2024. This indicates a strong upward trend in revenue over the periods.
Profit Trend
Profit After Tax rose from ₹0.81 Cr in the year ending 31 Mar 2022 to ₹2.85 Cr by 31 Mar 2023, and further increased to ₹6.41 Cr by 31 Mar 2024. This consistent growth in profit demonstrates the company's improving financial performance.
Valuation
At the issue price of ₹40.0, Divine Power Energy's implied P/E ratio is approximately 9.85, compared to peers trading at a P/E range of 7.63 to 34.17.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand and supply dynamics of the stock before it officially lists on the exchange. A higher GMP suggests strong demand, while a lower GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector with inherent market risks.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the stock, and overall market conditions. Investors should be cautious, as high initial gains may not always be sustainable.
This evaluation is generated from Divine Power's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Divine Power IPO GMP today?
Divine Power IPO GMP today is +₹61.0 (152.5%), indicating an estimated listing price of ₹101. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Divine Power IPO?
The price band of Divine Power IPO is ₹36.0–₹40.0 per share.
When does Divine Power IPO open and close?
Divine Power IPO opens on 25 June 2024 and closes on 27 June 2024.
When does Divine Power IPO list on the stock exchange?
Divine Power IPO listed on 02 July 2024 at ₹101.0.
What is the lot size for Divine Power IPO?
The lot size for Divine Power IPO is 3000 shares, requiring a minimum investment of ₹120,000.
What is the price band for this IPO?
The price band for the Divine Power IPO is ₹36.0 to ₹40.0.
What is the minimum investment required?
The minimum investment required is ₹120,000, which corresponds to a lot size of 3000 shares.
When does the IPO open and close?
The IPO opens on June 25, 2024, and closes on June 27, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium of the stock on the listing day compared to its issue price.
When is the listing date for this IPO?
The listing date for the Divine Power IPO is July 2, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jun 2024
Close
27 Jun 2024
Allotment
28 Jun 2024
Listing
02 Jul 2024
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