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Divine Power Energy Limited
Issue Size (Net)
up to Rs.22.76 Cr
Price Band
Rs.36 to Rs.40 per share
Issue Opens
June 25, 2024
Issue Closes
June 27, 2024

Company Highlights

1.Company Information


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.

2. Strenghts


1. Cutting-edge Technology: The Company leverages state-of-the-art manufacturing technology to produce highquality insulated copper and aluminium wires, ensuring efficiency and reliability. We endeavor to update our technology with time and stay ahead of time and remain competitive and relevant in the market. Based on internal assessment and inputs received from Indian Transformers Manufacturers Association (ITMA) we continuously assess the need to upgrade for technologies. Also, the Company regularly participates in the Trade Fairs organized in India as well as abroad, which helps the Company to interact with the industry and assess the changing business practices and know new business opportunities. At present we believe that our company has updated technology capable of producing high quality product to cater the future demand. 2. Wide Product Range: With a diverse portfolio of insulated wires and strips, the company caters to varied industry needs, providing a comprehensive solution to its customers. We supply our products to transformer manufactures and power distribution companies. We supply copper and aluminium wires / strips insulated with paper, crepe paper, and enamel to Discoms and transformer manufacturers which are used for assembling and repairing transformers. Winding wires insulated with different material has different usages and efficiency, hence, cater to different needs of the customers. The copper / aluminium wires insulated with fiberglass are used to manufacture electromagnetic coils used in lifting magnets, used to lift heavy object like containers, machinery etc. We cater to the demand of our customers by producing products according to the description provided by the customers. As envisaged, the Company will cater to Solar and Automobile Ancillary industry once the plan to produce tinned copper wire will materialize from the proceeds of the Issue. Hence, the Company will enter the new market and will cater the new customers. 3. Customization Capabilities: The company caters specific customer requirements by offering tailored solutions as per their needs, enhancing its competitiveness in the market. We believe in delivering our product which fits the requirement of our customers. The Company has the ability to produce product in different shape and description as per the Customer demand. We produce winding wires/ strips from copper and aluminium by insulating wires / strips by paper, cotton, fiberglass etc. which has different usage. For example, copper winding wires / strips are mainly used for manufacturing transformer of more than 200 kVA, aluminium winding wires/ strips are mainly used in manufacturing transformers of less than 200 kVA, fiberglass coted winding wires/strips are used in manufacturing electromagnetic coils used in lifting magnets etc. As our products cater different customers need, this helps us to remain competitive in the market and acquire customers with specific demands. 4. Experienced Team: Our Promoters and senior management team is well experienced in this industry. Mr. Rajesh Giri and Mr. Vikas Talwar started the Company in the Year 2001 under the leadership and guidance of Mr. Dev Sharan Giri and both of them have the experience of more than two decade in manufacturing Copper Wire, Aluminium Wire and allied products.

3.Divine Power IPO Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website:Website:   https://ipo.bigshareonline.com/ipo_status.html

Divine Power Energy Limited IPO (Divine Power IPO) Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
8889.24
22272.00
640.59
2556.53
978.62
5785.44
31-Mar-23
7253.31
15084.20
284.94
1915.94
338.03
4763.84
31-Mar-22
6276.46
12290.38
80.51
1246.00
1231.72
4466.34
Amount in Rs. Lakhs

Divine Power Energy Limited IPO (Divine Power IPO) IPO Details

Issue Opening Date
June 25, 2024
Issue Closing Date
June 27, 2024
Face Value
Rs.10 per share
Price
Rs.36 to Rs.40 per share
Lot Size
3000 Shares
Issue Size
5,690,000 shares (aggregating up to Rs.22.76 Cr)
Fresh Issue
5,690,000 shares (aggregating up to Rs.22.76 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME

Divine Power Energy Limited IPO (Divine Power IPO) IPO Timeline

Event
Tentative Date
Opening Date
Tuesday, June 25, 2024
Closing Date
Thursday, June 27, 2024
Basis of Allotment
Friday, June 28, 2024
Initiation of Refunds
Monday, July 1, 2024
Credit of Shares to Demat
Monday, July 1, 2024
Listing Date
Tuesday, July 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 27, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

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callLandline Number
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Customer Care
+91 9350316010

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