IPO : Divine Power Energy Limited
Divine Power Energy Limited IPO
| SYMBOL | DPEL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Tuesday, June 25, 2024 |
| ISSUE CLOSES ON | Thursday, June 27, 2024 |
| ISSUE PRICE | ₹36 to ₹40 per share |
| ISSUE SIZE | Up to Rs.22.76 Crores |
| FACE VALUE | Rs.10 per share |
Divine Power IPO is a book built issue of Rs 22.76 crores. The issue is entirely a fresh issue of 56.9 lakh shares.
Divine Power IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the Divine Power IPO is expected to be finalized on Friday, June 28, 2024. Divine Power IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 2, 2024.
| MINIMUM BID | 3000 shares |
| MINIMUM AMOUNT | Rs.120,000 |
| MAXIMUM BID | 3000 shares |
| MAXIMUM AMOUNT | Rs.120,000 |
| LISTING DATE | Tuesday, July 2, 2024 |
| LISTING AT | NSE-SME |
Divine Power IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Objects of the Issue (Divine Power IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objects: –
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
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