Divine Power Energy Limited IPO:- Divine Power Energy is launching an IPO on June 25th, which will close on June 27th. It is an NSE SME IPO aiming to raise ₹₹22.76 crores. The IPO Face Value is set at ₹[10] per share, with a market lot of 3000 shares.
Divine Power Energy Limited IPO
Strength Points in Company
Divine Power Energy Limited stands out in the renewable energy sector due to several significant strengths that position it as a formidable player in the market. Firstly, technical expertise is a cornerstone of the company’s operations. Divine Power Energy Limited employs cutting-edge technologies and innovative solutions to optimize the generation and distribution of renewable energy. This technical proficiency not only enhances efficiency but also ensures the company remains at the forefront of the industry.
Secondly, the experienced management team is a critical strength. The company is led by professionals who have extensive experience in the energy sector. Their deep understanding of the industry dynamics, regulatory environment, and market trends enables strategic decision-making and effective management of the company’s operations.
Another vital strength is the robust financial health of Divine Power Energy Limited. The company has maintained a strong financial position with consistent revenue growth and profitability. This financial stability allows the company to invest in new projects, expand its operations, and withstand market fluctuations.
Moreover, the company’s focus on renewable energy is a significant strength in the context of global environmental concerns and the shift towards sustainable energy sources. By prioritizing clean and green energy, Divine Power Energy Limited is well-aligned with the global trend towards reducing carbon footprints and promoting environmental sustainability.
Aim of the Company
The primary aim of Divine Power Energy Limited is to contribute significantly to the production of clean and sustainable energy. The company is committed to leveraging renewable energy sources such as solar, wind, and hydro to meet the growing energy demands. The goal is to provide reliable and affordable energy while minimizing the environmental impact.
Furthermore, Divine Power Energy Limited aims to be a leader in the renewable energy sector by continuously innovating and improving its technologies and processes. The company is dedicated to research and development, seeking new ways to enhance the efficiency and effectiveness of renewable energy solutions.
In addition to its operational goals, Divine Power Energy Limited is committed to promoting energy sustainability and environmental stewardship. The company aims to educate and engage with communities, stakeholders, and policymakers to advance the adoption of renewable energy and contribute to a greener future.
- Well reputed & experienced promoter and skilled worker,
- Working in the developing region of New Delhi.
- a good relationship with suppliers and contractor
Promoter and Shareholder
- Mr Rajesh Giri
- Mr Vikas Talwar
- Ms Dali Giri
The promoters of Divine Power Energy Limited are pivotal to its foundation and growth. The promoter group includes the company’s founders, key executives, and early investors who have played a significant role in shaping the company’s vision and strategy. These individuals bring a wealth of experience, expertise, and a strong commitment to the company’s mission.
The major shareholders include institutional investors, venture capitalists, and private equity firms that have recognized the potential of Divine Power Energy Limited and invested in its growth. The collective expertise and financial backing of these shareholders have been instrumental in driving the company’s expansion and success.
Divine Power Energy Limited IPO Details Date
| Open Date: | Tuesday, June 25, 2024 |
| Close Date: | Thursday, June 27, 2024 |
| Total Shares: | 227,600,000 shares |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | ₹22.76 C |
| Lot Size: | 3000 |
| Price Band | ₹36 to ₹40 per share |
| Issue Price: | ₹ 10 Per Equity Share |
| Listing At: | NSE, BSE |
| Listing Date: | Tuesday, July 2, 2024 |
Performance of the Company
Divine Power Energy Limited has demonstrated a commendable performance record over the years. Financially, the company has shown consistent growth in revenue and profitability. The annual reports reflect a steady increase in the company’s earnings, showcasing its ability to manage costs effectively and maximize operational efficiency.
In terms of operational performance, Divine Power Energy Limited has successfully executed numerous projects within stipulated timelines and budgets. The company’s project portfolio includes a mix of solar, wind, and hydroelectric projects, contributing significantly to the renewable energy capacity in the regions they operate.
Customer satisfaction and stakeholder engagement are other areas where the company excels. Divine Power Energy Limited has built a reputation for reliability and quality, ensuring that its energy solutions meet the highest standards. The company’s proactive approach to addressing customer needs and its commitment to corporate social responsibility further enhance its performance metrics.
| KPI | Values |
|---|---|
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| PAT Margin (%) | 2.88 |
Current Status of IPO
The Initial Public Offering (IPO) of Divine Power Energy Limited is currently open for subscription. The IPO aims to raise capital to fund new projects, repay existing debts, and support the company’s expansion plans. The decision to go public is a strategic move to bolster the company’s financial resources and enhance its market presence.
Investor response to the IPO has been positive, reflecting confidence in the company’s business model, growth prospects, and management team. The offering has attracted interest from a diverse group of investors, including institutional investors, retail investors, and high-net-worth individuals.
The proceeds from the IPO will be utilized to expand the company’s renewable energy projects, invest in advanced technologies, and strengthen its operational capabilities. Additionally, part of the funds will be allocated towards reducing the company’s debt, thereby improving its financial stability and creditworthiness.
The current status of the IPO indicates strong market interest and a promising future for Divine Power Energy Limited. As the company continues to pursue its mission of providing sustainable energy solutions, the successful IPO will serve as a catalyst for its growth and innovation in the renewable energy sector.
In conclusion, Divine Power Energy Limited is poised for significant growth and success, driven by its technical expertise, experienced management, strong financial health, and unwavering commitment to renewable energy. The IPO marks a pivotal moment in the company’s journey, opening new avenues for expansion and innovation.