Divine Power IPO

Divine Power Energy Limited launches IPO with 56,90,000 shares worth INR 22.76 crores to meet working capital needs and general corporate purposes.

Important Details

Open Date : June 25, 2024 Close Date : June 27, 2024 Allotment Date: July 1, 2024 Listing Date: July 2, 2024

Important Details

IPO Price: IINR 36-40 per share Lot Size: 3000 Shares Total Issue Size: INR 22.76 crores

Fundamental Analysis

Divine Power Energy IPO analysis shows mixed performance: 1. Revenue shows consistent upward trend. 2. Equity increased, reducing debt reliance. 3. Profitability surged, boosting investor confidence. 4. Improved EPS and RoNW.

Peer Comparison

1. Divine Power Energy Limited stands out with RoNW of 25.06% and EPS of ₹4.06. 2. Indicates strong profitability and shareholder value. 3. Positions favorably among its peers.


Divine Power Energy IPO main objective: 1. Main objective: Meet company working capital requirements.

Risks And Challenges

Divine Power Energy IPO risks: 1. Heavy reliance on working capital. 2. Absence of firm customer commitments. 3. Operational risks in manufacturing, Potential labor disputes. 4. Impact on operations & financial stability.