New Delhi: Small and medium enterprises (SME) IPOs are making waves in the country. Retail investors seem to be investing en masse in such IPOs. One such public issue that has attracted lot of retail traction is Divine Power SME IPO. With so much investor-interest centred on it, the Divine Power IPO GMP today skyrocketed in the grey market. Divine Power IPO opened for subscription on Tuesday, June 25, 2024. Apart from GMP, Divine Power IPO Subscription status has increased multiple times its total IPO size. Lets check how much the GMP is today.
Divine Power IPO GMP today
Divine Power IPO GMP today stood at around Rs 61 per share, according to Investor Gain. Considering the company’s IPO price band’s upper limit of Rs 36- Rs 40 and the stock’s current GMP, Divine Power IPO shares may have a listing gains of over 152 per cent on NSE SME index! However, the grey market premium cannot be considered as an official number. Divine Power IPO is an SME IPO. The shares of the company Divine Power Energy Limited will be listed on NSE SME index. Now, lets check Divine Power IPO subscription status.
Divine Power IPO Subscription Status
Divine Power IPO subscription status reached whopping 39 times its total issue size of Rs 22 crore by 3:30 pm on Wednesday, June 26, 2024. The SME IPO has so far got maximum traction by retail investors. Divine Power IPO retail subscription reached whopping 74 times its size. While, Divine Power Non-Institutional Investors’ (NIIs) subscription status stood at 33 times its size.
Divine Power IPO Allotment Date
The expected Divine Power IPO allotment date is Friday, June 28, 2024. IPO allottees can find reflection of shares of the company in their demat account from subsequent day i.e. from July 01, 2024. The refund process for those who wouldn’t get subscriptions would also commence from July 01.
Also read: Winny Immigration IPO
Divine Power IPO Expected Listing Date
Divine Power IPO expected listing date is on Tuesday, July 02, 2024. According to the capital market regulator, Sebi, shares of any company’s IPO should be listed on the exchanges within next three business days of the closing date of the IPO.
Divine Power IPO Size
The public issue is entirely a fresh issue of 56.9 lakh number of equity shares of worth Rs 22 crore. Promoters don’t intend to sale any stake in the company. Hence, Divine Power Energy Limited IPO doesn’t comprise any Offer For Sale (OFS). Divine PowerIPO price band is fixed at Rs 36-40 per share.
Divine Power IPO Retail Minimum Investment
Divine Power IPO Retail Minimum Investment is Rs 1.20 lakh. While, Divine Power IPO lot size is 3,000 shares. Retail investors will have to apply for 3,000 shares in a single lot and in multiples thereof.
Also read: Sensex, Nifty At All Time High
About Divine Power Energy Limited
Incorporated in 2001, Divine Power Energy Limited is a “leading manufacturer of insulated and bare copper and aluminum wires and strips in India.”
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Divine Power IPO GMP today of Rs 61 and the price band upper limit of Rs 36- Rs 40 signify listing gains of whopping 152 per cent on the bourses. Divine Power IPO Subscription Status is also quite impressive. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
