Question 1

What is the Divine Power Energy Limited IPO?

Accepted Answer

The Divine Power Energy Limited IPO is an SME (Small and Medium Enterprise) Initial Public Offering where Divine Power Energy Limited is offering its shares to the public for the first time. The issue size is ₹57 lakhs with a price band of ₹36-40. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Divine Power Energy Limited IPO open?

Accepted Answer

The Divine Power Energy Limited IPO was open from 25 June 2024 to 27 June 2024. The subscription period has now ended.

Question 3

What is the lot size of Divine Power Energy Limited IPO?

Accepted Answer

The lot size for Divine Power Energy Limited IPO is 3000 shares, which means the minimum investment required is approximately ₹1,20,000 (3000 shares × ₹36-40). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Divine Power Energy Limited IPO?

Accepted Answer

You can apply for the Divine Power Energy Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Divine Power Energy Limited IPO allotment?

Accepted Answer

The Divine Power Energy Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Divine Power Energy Limited IPO listing date?

Accepted Answer

The Divine Power Energy Limited IPO was listed on 02 July 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Divine Power Energy Limited IPO reliable?

Accepted Answer

The Grey Market Premium (GMP) for Divine Power Energy Limited IPO was ₹61 before listing. The actual listing price was ₹155, giving a listing gain of 287.5% (₹115 per share). The listing performance exceeded GMP expectations, indicating strong market demand. This demonstrates that while GMP can be an indicator, it's not always accurate and should be used alongside fundamental analysis.

Question 8

How much profit have I made if I held Divine Power Energy Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹40 and held them until now, your current gain is +1121.4% (₹449 per share). For one lot of 3000 shares, your profit would be ₹13,47,000. On listing day, the stock opened at ₹155 (287.5% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Individual(min) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	6,000	₹2.40L
Individual(max) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	6,000	₹2.40L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	3	9,000	₹3.60L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	8	24,000	₹9.60L
BHNI(min) Big HNI - Investment above ₹10 lakhs	9	27,000	₹10.80L

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