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Divine Power Energy Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Divine Power Energy Ltd IPO

Registered Office: Unit No Offices 1st Flr CSC II,B Block Surajmal Vihar , New Delhi - 110092 , New Delhi , India.
Phone : 011 3600 1992/ 2842   Fax:
Email :  info@dpel.in  
Website :  www.dpel.in
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.

Issue Money Payable On
Opens On Closes On Application Allotment
25-Jun-24 27-Jun-24 (Rs)40.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 21.50
Khambatta Securities Ltd
Project Financed through Current Offer 22.75  
Post Issue Equity Share Capital 21.47  
Issue Price (Rs)40.00  
 
Projects
Working capital requirementGeneral corporate purposes
Promoted By
Rajesh Giri  
Vikas Talwar  
Dali Giri  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd