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DPELSME / NSEListed

Divine Power Energy Limited

Divine Power Energy Limited, incorporated in 2001, manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip, utilizing annealing and insulating processes with materials like paper, cotton, and fiberglass. Supplying fiberglass-covered wires and strips to Punjab, Bengaluru, and Ahmedabad, the company aims to expand into Maharashtra. Serving power distribution companies and transformer manufacturers, its clientele includes TATA Power Limited, BSES, and various Vidyut Vitaran Nigams. Its Sahibabad, Ghaziabad facility spans 1,777 square meters, with a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. ISO 9001:2015 certified, Divine Power Energy Limited employs 40 people as of June 2024.

₹36 - ₹40393.74x sub
Listed Price155.00
Listing Gain+287.50%
TimelineBook Built Issue IPO
Open25 Jun 2024
Close27 Jun 2024
Allotment28 Jun 2024
Listing02 Jul 2024

Quota Reservation Portions

RetailPortion: 21,11,978 shares
37.12%
Nii(hni)Portion: 9,05,134 shares
15.91%
QIBPortion: 12,17,110 shares
21.39%
Market MakerPortion: 2,88,000 shares
5.06%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,20,000
HNI2 lots / 6,000 shares
₹2,40,000

About the Company

Divine Power Energy Limited, incorporated in 2001, manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip, utilizing annealing and insulating processes with materials like paper, cotton, and fiberglass. Supplying fiberglass-covered wires and strips to Punjab, Bengaluru, and Ahmedabad, the company aims to expand into Maharashtra. Serving power distribution companies and transformer manufacturers, its clientele includes TATA Power Limited, BSES, and various Vidyut Vitaran Nigams. Its Sahibabad, Ghaziabad facility spans 1,777 square meters, with a monthly production capacity of 300 metric tonnes of aluminum and 400 metric tonnes of copper. ISO 9001:2015 certified, Divine Power Energy Limited employs 40 people as of June 2024.

Company Promoters

Mr Rajesh GiriMr Vikas TalwarMs Dali Giri