SSPL WEALTH PVT LTD

Monday 01 Jul, 2024 10:06 PM

Eicher Motors CV sales rises 11% YoY in June?24 Atul Auto hits record high as sales double to 2,628 units in Jun?24 Ashok Leyland slides as total sales slips 2% YoY in June'24 Reliance Infrastructure Ltd leads losers in 'A' group Oriental Carbon & Chemicals Ltd leads losers in 'B' group Rane Holdings hits life high on plan to acquire 51% stake in JV Maruti Suzuki rises as total sales jumps 12% YoY in Jun?24 Volumes jump at Emami Ltd counter Karur Vysya Bank advances climb 16% YoY in Jun'24 SML Isuzu jumps as June sales surges 38% YoY Real Estate shares fall Power stocks edge lower Utilties shares fall Eicher Motors Ltd drops for fifth straight session NSE SME Shivalic Power Control sizzles on listing

Saravan Stocks

Hot Pursuit

Scrips, which has significant changes during the market hours.

NSE SME Divine Power Energy's IPO ends with 369 times subscription

28-Jun-24 14:47 Hrs IST

The initial public offer (IPO) of Divine Power Energy received bids for 1,66,90,02,000 shares as against 45,22,222 shares on offer. The issue was subscribed 369.06 times.

The Retail Individual Investors (RIIs) category put in bids for 1,07,43,45,000 shares. The Non Institutional Investors (NIIs) category put in bids for 42,93,21,000 shares. The Qualified Institutional Buyers (QIBs) category put in bids for 16,53,36,000 shares.

The issue opened for bidding on 25 June 2024 and it closed on 27 June 2024. The price band of the IPO is fixed at Rs 36 to 40 per equity share. The equity shares will list on NSE's SME platform. The IPO comprised fresh issue of 45,22,222 equity shares.

The company intends to utilise the net proceeds to meet the working capital requirements of the company and for general corporate purpose.

Ahead of the IPO, Divine Power Energy on 24 June 2024, raised Rs 6.48 crore from anchor investors. The board allotted 16.20 lakh shares at Rs 40 per share to 5 anchor investor.

Divine Power Energy is a manufacturer of insulated wires and strips for power distribution and transformers. They make winding wires and strips from bare copper and aluminum conductors by insulating them with materials like fiberglass, paper and cotton. Their clients include major power distribution companies in India. The company has 40 permanent employees and hires additional contract workers depending on business needs.

The company recorded revenue from operations of Rs 222.08 crore and net profit of Rs 6.40 crore for the period as on 31 March 2024.

Powered by Capital Market - Live News

Attention Investors :

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.

Attention Investors :

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.

Attention Investors :

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

Attention Investors :

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Email ID: info@ssplwealth.com Customers grievances : grievances@ssplwealth.com Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com, Mobile No: 7305522205

Hit Count : 33593577

Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified)