Divine Power IPO GMP today: Just like so many other initial public offers in the market these days, Divine Power too has been getting much love from investors. As can be seen on a daily basis, the stock markets are hitting new highs and there seems to be no dampening their mood in any way. The global scenario is similar. And that points to the fact that for investors, these are good times. This company manufactures insulated and bare copper and aluminum wires and strips.
All those who have invested in this issue would now be looking for a number of things, especially what the grey market is saying. Notably, Divine Power IPO subscription date was Tuesday, June 25, 2024. So, what is the Divine Power IPO GMP today? Find it out below:
Divine Power IPO GMP today
Divine Power IPO GMP today is holding onto its gains. Divine Power IPO GMP today Rs 61 per share, according to Investor Gain. Divine’s IPO price band’s upper limit of Rs 36- Rs 40 and GMP, its shares may record listing gains of 152% per cent at Rs Rs 101!
Divine Power IPO listing will happen on the NSE SME index.
Divine Power IPO details in brief
Divine Power IPO listing date is on July 2, it is a fresh issue of 56.9 lakh equity shares worth Rs 22 crore with a price band is Rs 36-40 per share. However, there is no Offer For Sale (OFS) component.
What every investor in IPOs must do: 5 things
1. How well has the company in question been functioning? You must check revenue growth, and profitability as well as cash flow. Only then will you know whether the company is healthy enough to enable future growth. Does it have a strong track record?
2. Check the industry trends as well as what the company’s rivals are doing. Is the market big enough to allow good growth prospects?
3. How experienced is the management team? What kind of a reputation does it have?
4. Does the company have the potential to grow. For that, does it have a good expansion plan, is it known for its innovations and are there any market opportunities there for it to take advantage of.
5. Investing in IPOs can be very risky. Make sure you do a risk analysis by reading the prospectus. Check how the company will use the funds collected via IPO.
(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.)
Check Divine Power IPO GMP today is steady at Rs 61, investors would be relieved to know. However, there is not much movement at all in it. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
