Business Standard

Divine Power Energy Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

22.75 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

25-Jun-2024

Close Date

27-Jun-2024

Listing Date

02-Jul-2024

Divine Power Energy Ltd News

    The Shares of Divine Power Energy Ltd have now been listed.

    Divine Power Energy Ltd IPO Details

    Initial public issue of up to 56,88,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of the company for cash at a price of Rs. 40.00 per equity share (including a share premium of Rs. 30.00 per equity share) (Issue Price) aggregating up to Rs. 22.75 crores (Issue / Offer). This issue includes a reservation of up to 2,88,000 equity shares aggregating up to Rs. 1.15 crores for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 26.50% and 25.15%, respectively, of the post-issue paid-up equity share capital of the company, respectively.

    Objective of issue

    Working capital requirement. General corporate purposes.

    Divine Power Energy Ltd Contact Details

    Divine Power Energy Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@dpel.in

    Website - www.dpel.in