Divine Power Energy IPO

Incorporated in 2001, Divine Power Energy Limited specialises in manufacturing Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. The winding wires and strips are produced through processes like annealing and insulating, then covered with paper, cotton, and fibreglass materials. 

These products are primarily supplied to power distribution companies and transformer manufacturers, with key clients including TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.

Divine Power Energy Limited has successfully penetrated markets in Punjab, Bengaluru, and Ahmedabad and is now exploring opportunities in Maharashtra. The company’s manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a production capacity of 300 metric tonnes of aluminium and 400 metric tonnes of copper per month.

The company is ISO 9001:2015 certified by the International Management Certification accredited by the Global Accreditation Assessment Forum Series, underscoring its commitment to quality and excellence. As of June 2024, Divine Power Energy Limited employs a dedicated team of 40 professionals across various departments, contributing to its growth and operational success.

Industry Outlook:

1. The global power generation market is projected to grow from USD 1.94 trillion in 2022 to $3.9 trillion by 2032, with an 8.04% CAGR.
2. India's power generation surged by 8.87% in FY23, reaching 1,624.15 billion kWh, the highest growth rate in over 30 years.

Divine Power Energy Limited IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. To meet the working capital requirements of the Company; and
2. General Corporate Purpose

Peer Details

The companies considered by Divine Power Energy as its peers include:

1. Shera Energy Limited
2. Bhagyanagar India Limited
3. Rajnandini Metal Limited
4. Ram Ratna Wires Limited
5. Precision Wires India Limited

How to Check the Allotment Status of the Divine Power Energy Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

• Log in to the Angel One app
• Go to the individual order details page of the IPO that you had applied for. 
• Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Divine Power Energy Limited 

Registered office: Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar, New Delhi-110092, India

Phone: 011-36001992/ 2842 

E-mail: info@dpel.in

IPO Financials

Know before investing

Strengths

1. Utilises state-of-the-art technology for high-quality wire production.

2. Supplies products to major power distribution companies and manufacturers.

3. Offers customised wire solutions tailored to specific customer requirements.

4. Promoters and senior management have over 40 years of industry experience.

5. ISO 9001:2015 certified, ensuring adherence to international quality standards.

6. Achieved compounded revenue growth of 24.06% from FY21 to FY24.

Risks

1. Working capital-intensive operations impact liquidity and financial stability.

2. Reliance on top 10 suppliers affects procurement consistency and cost.

3. High customer concentration risks revenue and profitability stability.

4. Fluctuations in raw material prices impact production costs significantly.

5. Fragmented industry competition pressures profit margins and market share.

6. Related party transactions may involve potential conflicts of interest.