Divine Power Energy Ltd - IPO

Divine Power Energy Ltd IPO Details

Initial public issue of up to 56,88,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of the company for cash at a price of Rs. 40.00 per equity share (including a share premium of Rs. 30.00 per equity share) (Issue Price) aggregating up to Rs. 22.75 crores (Issue / Offer). This issue includes a reservation of up to 2,88,000 equity shares aggregating up to Rs. 1.15 crores for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 26.50% and 25.15%, respectively, of the post-issue paid-up equity share capital of the company, respectively.

Objective of issue

Working capital requirement. General corporate purposes.

Divine Power Energy Ltd Contact Details

Divine Power Energy Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@dpel.in

Website - www.dpel.in