Divine Power IPO vs Petro Carbon and Chemicals IPO

Comparision between Divine Power IPO and Petro Carbon and Chemicals IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Petro Carbon and Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divine Power IPO	Petro Carbon and Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khambatta Securities Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Petro Carbon and Chemicals IPO is up to ₹113.16 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of Petro Carbon and Chemicals IPO is ₹171.00 per share.

	Divine Power IPO	Petro Carbon and Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share	₹162.00 per share
Issue Price (Upper)	₹40.00 per share	₹171.00 per share
Issue Price (Final)	₹40.00 per share	₹171.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	800 shares
Fresh Issue Size	56,90,000 shares
Fresh Issue Size (Amount)	up to ₹22.76 Cr
OFS Issue Size		66,17,600 shares
OFS Issue Size (Amount)		up to ₹113.16 Cr
Issue Size Total	56,90,000 shares	66,17,600 shares
Issue Size Total (Amount)	up to ₹22.76 Cr	up to ₹113.16 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while Petro Carbon and Chemicals IPO opens on Jun 25, 2024. The closing date of Divine Power IPO and Petro Carbon and Chemicals IPO is Jun 27, 2024, and Jun 27, 2024, respectively.

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

Financials

Divine Power IPO P/E ratio is 9.85, as compared to Petro Carbon and Chemicals IPO P/E ratio of 66.02.

Divine Power IPO

Petro Carbon and Chemicals 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

Petro Carbon and Chemicals Limited Financial Information (Restated Standalone)

Petro Carbon and Chemicals Limited's revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	27,432.35	26,379.12	27,703.56	15,992.29
Revenue	44,711.11	51,760.99	27,990.70	15,528.68
Profit After Tax	7,031.16	672.65	570.99	11.64
Net Worth	10,653.34	3,752.81	3,080.17	2,509.17
Reserves and Surplus	12,528.21	5,561.06	4,973.20	4,489.97
Total Borrowing	8,063.02	17,582.78	19,418.00	8,182.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

9.85

66.02

Market Cap

₹85.88 Cr.

ROE

25.06%%

ROCE

16.25%%

60.36%%

Debt/Equity

2.26

0.54

EPS

₹4.06

RoNW

25.06%%

66.00%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in Petro Carbon and Chemicals IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 12,36,800 shares in Petro Carbon and Chemicals IPO.

	Divine Power IPO	Petro Carbon and Chemicals IPO
Anchor Investor Reserveration	16,20,000 shares	18,55,200 shares
Market Maker Reserveration	2,88,000 shares	4,30,400 shares
QIB	12,17,110 shares	12,36,800 shares
NII	9,05,134 shares	9,28,800 shares
RII	21,11,978 shares	21,66,400 shares
Employee	0 shares	0 shares
Others
Total	42,34,222 shares	43,32,000 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas Petro Carbon and Chemicals IPO subscribed 92.01x.

	Divine Power IPO	Petro Carbon and Chemicals IPO
QIB (times)	135.84x	94.49x
NII (times)	473.74x	129.91x
Big NII (times)
Small NII (times)
RII (times)	507.94x	74.34x
Employee (times)
Other (times)
Total (times)	393.67x	92.01x

Compare with others

Divine Power IPO	Petro Carbon and Chemicals IPO
Visaman Global Sales IPO	Ambey Laboratories IPO
Mason Infratech IPO	Nephro Care India IPO
Petro Carbon and Chemicals IPO	Diensten Tech IPO
Sylvan Plyboard IPO	Visaman Global Sales IPO
Shivalic Power Control IPO	Mason Infratech IPO
The Money Fair IPO	Sylvan Plyboard IPO
Winny Immigration IPO	Shivalic Power Control IPO
Medicamen Organics IPO	Divine Power IPO
EnNutrica IPO	The Money Fair IPO
Falcon Technoprojects India IPO	Winny Immigration IPO

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