Divine Power IPO vs Winny Immigration IPO

Comparision between Divine Power IPO and Winny Immigration IPO.

IPO Details

Divine Power IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Divine Power IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khambatta Securities Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Divine Power IPO is up to ₹22.76 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	Divine Power IPO	Winny Immigration IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	56,90,000 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹22.76 Cr	up to ₹9.13 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,90,000 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹22.76 Cr	up to ₹9.13 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Divine Power IPO and Winny Immigration IPO is Jun 27, 2024, and Jun 24, 2024, respectively.

	Divine Power IPO	Winny Immigration IPO
Anchor Bid Date	Jun 24, 2024
Issue Open	Jun 25, 2024	Jun 20, 2024
Issue Close	Jun 27, 2024	Jun 24, 2024
Basis Of Allotment (Tentative)	Jun 28, 2024	Jun 25, 2024
Initiation of Refunds (Tentative)	Jul 01, 2024	Jun 26, 2024
Credit of Share (Tentative)	Jul 01, 2024	Jun 26, 2024
Listing date (Tentative)	Jul 02, 2024	Jun 27, 2024
Anchor Lockin End date 1	Jul 28, 2024
Anchor Lockin End date 2	Sep 26, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to Winny Immigration IPO P/E ratio of 54.12.

Divine Power IPO

Winny Immigration IPO

Financial

Divine Power Energy Limited Financial Information (Restated)

Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,889.24	7,253.31	6,276.46
Revenue	22,272.00	15,084.20	12,290.38
Profit After Tax	640.59	284.94	80.51
Net Worth	2,556.53	1,915.94	1,246.00
Reserves and Surplus	978.62	338.03	1,231.72
Total Borrowing	5,785.44	4,763.84	4,466.34
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

83.63%

Promoter Shareholding (Post-Issue)

58.51%

P/E Ratio

9.85

54.12

Market Cap

₹85.88 Cr.

₹30.38 Cr.

ROE

25.06%%

18.60%%

ROCE

16.25%%

15.74%%

Debt/Equity

2.26

0.9

EPS

₹4.06

₹2.59

RoNW

25.06%%

17.02%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in Winny Immigration IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 0 shares in Winny Immigration IPO.

	Divine Power IPO	Winny Immigration IPO
Anchor Investor Reserveration	16,20,000 shares
Market Maker Reserveration	2,88,000 shares	34,000 shares
QIB	12,17,110 shares	0 shares
NII	9,05,134 shares	3,09,000 shares
RII	21,11,978 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	42,34,222 shares	6,18,000 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas Winny Immigration IPO subscribed 154.67x.

	Divine Power IPO	Winny Immigration IPO
QIB (times)	135.84x
NII (times)	473.74x	109.65x
Big NII (times)
Small NII (times)
RII (times)	507.94x	190.66x
Employee (times)
Other (times)
Total (times)	393.67x	154.67x

Compare with others

Divine Power IPO	Winny Immigration IPO
Visaman Global Sales IPO	Petro Carbon and Chemicals IPO
Mason Infratech IPO	Sylvan Plyboard IPO
Petro Carbon and Chemicals IPO	Shivalic Power Control IPO
Sylvan Plyboard IPO	Divine Power IPO
Shivalic Power Control IPO	The Money Fair IPO
The Money Fair IPO	Medicamen Organics IPO
Winny Immigration IPO	EnNutrica IPO
Medicamen Organics IPO	Falcon Technoprojects India IPO
EnNutrica IPO	Durlax Top Surface IPO
Falcon Technoprojects India IPO	GEM Enviro IPO

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