DIVINE POWER ENERGY Limited IPO GMP

DIVINE POWER ENERGY LIMITED (formerly known as PDRV Enterprises Pvt Ltd) is a leading manufacturer of insulated and bare copper and aluminum wires and strips in India. With a commitment to quality and customer satisfaction, they have been providing superior products to their clients for over 20 years. Their state-of-the-art manufacturing facilities allow them to produce high-quality materials at a competitive price, while their experienced team ensures that every product meets their rigorous standards. 

Divine Power IPO, a Book Built issue amounting to ₹22.76 crores, consisting entirely of a Fresh Issue of 56.9 lakh shares. The subscription period for the Divine Power IPO opens on June 25, 2024, and closes on June 27, 2024. The allotment is expected to be finalized on or about Friday, June 28, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, July 02, 2024.

The price band of Divine Power IPO is set at ₹36 to ₹40 equity per share, with a minimum lot size of 3000 shares. Retail investors are required to invest a minimum of ₹120,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6000 shares), amounting to ₹240,000.

KHAMBATTA SECURITIES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. NIKUNJ STOCK BROKERS PRIVATE LIMITED is the market maker for Divine Power IPO.

Divine Power Energy IPO GMP Today
The Grey Market Premium is expected in the range of ₹36 to ₹40 based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Divine Power Energy IPO Live Subscription Status
As of 06:28 PM on 27 June 2024, the Divine Power IPO live subscription status shows that the IPO subscribed 368.66 times. Check the Divine Power IPO Live Subscription Status Today at NSE.

Divine Power Energy IPO Allotment Status
Divine Power allotment date is 28 June 2024, Wednesday. Divine Power IPO Allotment will be out on 28 June 2024 and will be live on Registrar Website.  Check Divine Power Energy IPO Allotment Status here. Here's how you can check the allotment status
- Navigate to the IPO allotment status page.
- Select Divine Power Energy from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Divine Power Energy Limited
Divine Power Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. To meet the working capital requirements of the Company
2. General Corporate Purpose

Refer to Divine Power Energy Limited RHP for more details about the Company.