Divine Power IPO GMP Today, Price Range and Company Details

Divine Power Energy Limited IPO is at ₹51 grey market premium (GMP), priced at ₹36 to ₹40 per share with lots of 3000 shares. Subscription window open from June 25 to June 27, 2024.
Divine Power IPO GMP Today, Price Range and Company Details

As of June 24, 2024, Divine Power Energy Limited IPO has ₹51 as Grey Market Premium, with a price band of ₹36 to ₹40 per share. Offering lots of 3000 shares, the subscription window is open from June 25 to June 27, 2024.

Divine Power Energy Ltd. IPO GMP Today

The Grey Market Premium (GMP) for Divine Power Energy Limited is ₹51 as of June 24, 2024. This assessment coincides with a price range of ₹36 to ₹40 per share for the IPO.

Divine Power Energy Ltd. IPO Review

Divine Power Energy Limited’s revenue grew from ₹12,249.09 lakhs in March 2022 to ₹15,058.53 lakhs in March 2023, reaching ₹22,208.00 lakhs by March 2024. Equity consistently increased, while the debt-equity ratio decreased, signaling growth and reduced debt reliance. PAT significantly improved from ₹80.51 lakhs to ₹640.59 lakhs by March 2024, boosting investor confidence.

Financial ratios show positive trends, with diluted EPS rising from ₹0.66 to ₹4.06 and RoNW increasing from 6.46% to 25.06%, indicating improved shareholder returns. Despite total asset growth suggesting business expansion, the decreased current ratio points to potential liquidity challenges in meeting short-term obligations.

To get a full IPO review, click here Divine Power Energy Limited IPO Review

Divine Power Energy Ltd IPO Date

Divine Power Energy Limited will start accepting subscriptions from June 25, 2024, to June 27, 2024

Divine Power Energy Ltd IPO Price

Divine Power Energy Limited IPO price range is ₹36 to ₹40 per share with a face value of ₹10 each.

Divine Power Energy Limited

Divine Power Energy Limited produces essential winding wires and strips for transformer manufacturing, insulated with paper, cotton, fiberglass, and super enamel. These components are vital for power transmission, distribution, and transformer maintenance. The company maintains stable demand from clients like TATA Power and BSES while sourcing raw materials from trusted suppliers such as NALCO and Hindalco to ensure uninterrupted production.

How To Apply For Divine Power Energy Ltd IPO?

To apply for the Divine Power Energy Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Divine Power Energy Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Divine Power Energy Limited IPO at Alice Blue in just a few clicks!

Loading
Read More News

STOP PAYING

₹ 20 BROKERAGE

ON TRADES !

Trade Intraday and Futures & Options