31 Mar 2022
Assets62.76
Total Income122.90
Profit After Tax0.81
NET Worth12.46
Reserves and Surplus12.32
Total Borrowing44.66
At a glance
Updated 2026-08-24The shares listed at ₹155.00, a 287.50% move from the issue price. Divine Power is a SME IPO with an issue size of ₹22.75 crore, proposed for listing on NSE SME. The offer opens on 25th Jun 2024 and closes on 27th Jun 2024. The issue structure includes a fresh issue of ₹21.60 crore. The current listing schedule points to 2nd Jul 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹22.75 Cr
Fresh issue₹21.60 Cr
Face value₹10
Price band₹36.00–₹40.00
Allotment28th Jun 2024
Listing2nd Jul 2024
Listing performance
Full performance ↗Issue price₹40.00
Listing price₹155.00
Current price—
Listing gain287.50%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹61.00
GMP / upper price152.50%
Est. listing₹101.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Jun 2024
Closes27th Jun 2024
Allotment28th Jun 2024
Refund1st Jul 2024
Demat1st Jul 2024
Listing2nd Jul 2024
Subscription demand
Full bidding ↗Total393.67×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3000 | ₹120,000 |
Company
Incorporated2001
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirement including margin money | ₹18.00 Cr |
| General Corporate Purpose | ₹3.50 Cr |
Financials
Full financials ↗31 Mar 2023
Assets72.53
Total Income150.84
Profit After Tax2.85
NET Worth19.16
Reserves and Surplus3.38
Total Borrowing47.64
31 Mar 2024
Assets88.89
Total Income222.72
Profit After Tax6.41
NET Worth25.57
Reserves and Surplus9.79
Total Borrowing57.85
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt / Equity | 2.26% |
| RoNW | 25.06% |
| PAT Margin | 2.88% |
| Price to Book Value | 2.47 |
Valuation & shareholding
Pre-IPO EPS4.06
Post-IPO EPS2.98
Pre-IPO P/E9.85
Post-IPO P/E13.41
Promoter holding pre100%
Promoter holding post73.5%
Market cap₹85.88 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Payment to Merchant Banker | ₹0.40 Cr |
| Fees Payable to Registrar to the Issue | ₹0.08 Cr |
| Fees Payable Advertising, Marketing Expenses and Printing Expenses | ₹0.40 Cr |
| Fees Payable to Market Maker, Escrow Bank Account Fees, Peer Review Auditor, Legal Counsel fee, Statutory Expenses, expenses towards printing, Fee towards Market Maker, Underwriting commission, Regulators including Stock Exchanges and other Intermediaries | ₹0.37 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Khambatta Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.