Divine Power Energy Limited IPO Subscriptions Status Live Today
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Join WhatsApp ChannelDivine Power Energy Limited IPO
June 25, 2024 - June 27, 2024
Closed
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Divine Power Energy Limited IPO Details
Issue Open | 25 June 2024 |
Issue Close | 27 June 2024 |
IPO Price | ₹36 to ₹40 per equity share |
Face Value | ₹10 per equity share |
IPO Size | ₹22.76 Cr. |
Listing At | NSE, SME |
IPO Lot Size | 3000 Shares |
IPO Investor Categories
- Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs must meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO. They are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.
- Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.
NII category has two subcategories:
1. sNII -
"sNII" stands for "Small Non-Institutional Investor." This
subcategory includes investors who have bid for shares worth between Rs. 2
lakhs and Rs. 10 lakhs in an IPO.
2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.
- Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO to encourage retail participation in the IPO process.
- Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.
- Others- A category of eligible shareholders or other investors with a reserved IPO quota.
Frequently Asked Question
If you do not get the allotment of on Divine Power Energy Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
The funds raised through the IPO will be used for purposes such as expanding operations, investing in new projects, reducing debt, and other general corporate purposes. Specific details will be outlined in the prospectus.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in quest laboratories private limited using any neatest method at your convenience.
Opening date of Divine Power Energy Limited IPO is June 25, 2024.
Post-issue shareholding of the Divine Power Energy Limited IPO promoter is [.]%.
Divine Power Energy Limited IPO share price Shares will be listed at NSE SME.
The allotment is based on the demand for the shares. If the IPO is oversubscribed, shares are allotted on a proportional or lottery basis.
The meaning of "Divine Power Energy Limited IPO GMP" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Divine Power Energy Limited IPO on the current day.
Pre-issue shareholding of the Divine Power Energy Limited IPO promoter is 100.00%.
Minimum and maximum order quantity is 1 lot only.
Divine Power Energy Limited IPO shares will get listed on July 02, 2024.
Closing date of Divine Power Energy Limited IPO is June 27, 2024.
Lot size of the Divine Power Energy Limited IPO is 3000 shares.
Divine Power Energy Limited Products share price ₹36 to ₹40 per share.
The face value of Divine Power Energy Limited IPO is ₹10 per share.
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