Divine Power Energy Limited

About the company

## **About Divine Power Energy Limited** Established in 2001, Divine Power Energy Limited specializes in the production of Bare Copper/Aluminium Wire, Bare Copper/Aluminium Strip, Winding Copper/Aluminium Wire, and Winding Copper/Aluminium Strip. The company manufactures winding wires and strips by annealing and insulating them with materials such as paper, cotton, and fiber. These products, particularly those covered with paper, crab paper, and cotton, are primarily sold to power distribution companies and transformer manufacturers for use in transformer production and repair. Recently, Divine Power Energy Limited expanded its product line to include wires and strips covered with fibers, which are utilized in the manufacture of electromagnetic lifting magnets capable of handling heavy objects like containers and machinery. These fiber-covered products have been supplied to markets in Punjab, Bengaluru, and Ahmedabad. To meet customer demand and stay competitive, the company has also ventured into trading enamelled wire and strips. Their winding wires, insulated with paper, cotton, and enamel, are essential for creating transformer coils, thus playing a critical role in transformer manufacturing. Equipped with the latest plant and machinery, Divine Power Energy Limited ensures the production of high-quality products. The company operates an in-house quality control lab with advanced testing equipment to maintain industry-leading standards. Every finished product undergoes stringent quality checks to ensure compliance with the highest quality benchmarks. With the growing demand in the power distribution sector and governmental support, the company is poised for significant future growth. They are proud to contribute to national energy security and are committed to achieving sustainable energy goals. Their strategically located manufacturing plant in Ghaziabad spans a total area of 1,777 square meters, with a built-up area of 1,550 square meters and an open area of 277 square meters. The facility boasts an installed capacity to handle 300 metric tonnes of Aluminium and 400 metric tonnes of Copper per month. Additionally, they maintain adequate storage facilities for raw materials and finished products, ensuring operational stability. As Divine Power Energy Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives. 1.  To meet the working capital requirements of the Company 1.  General Corporate Purpose

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   25 Jun 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   27 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   01 Jul 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   28 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   02 Jul 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.