Divine Power IPO vs Shivalic Power Control IPO

Comparision between Divine Power IPO and Shivalic Power Control IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Shivalic Power Control IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divine Power IPO	Shivalic Power Control 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	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Ss Corporate Securities 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 Shivalic Power Control IPO is up to ₹64.32 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of Shivalic Power Control IPO is ₹100.00 per share.

	Divine Power IPO	Shivalic Power Control IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share	₹95.00 per share
Issue Price (Upper)	₹40.00 per share	₹100.00 per share
Issue Price (Final)	₹40.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	56,90,000 shares	64,32,000 shares
Fresh Issue Size (Amount)	up to ₹22.76 Cr	up to ₹64.32 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,90,000 shares	64,32,000 shares
Issue Size Total (Amount)	up to ₹22.76 Cr	up to ₹64.32 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while Shivalic Power Control IPO opens on Jun 24, 2024. The closing date of Divine Power IPO and Shivalic Power Control IPO is Jun 27, 2024, and Jun 26, 2024, respectively.

	Divine Power IPO	Shivalic Power Control IPO
Anchor Bid Date	Jun 24, 2024	Jun 21, 2024
Issue Open	Jun 25, 2024	Jun 24, 2024
Issue Close	Jun 27, 2024	Jun 26, 2024
Basis Of Allotment (Tentative)	Jun 28, 2024	Jun 27, 2024
Initiation of Refunds (Tentative)	Jul 01, 2024	Jun 28, 2024
Credit of Share (Tentative)	Jul 01, 2024	Jun 28, 2024
Listing date (Tentative)	Jul 02, 2024	Jul 01, 2024
Anchor Lockin End date 1	Jul 28, 2024	Jul 27, 2024
Anchor Lockin End date 2	Sep 26, 2024	Sep 25, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to Shivalic Power Control IPO P/E ratio of 24.69.

Divine Power IPO

Shivalic Power Control 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

Shivalic Power Control Limited Financial Information (Restated)

Shivalic Power Control Limited's revenue increased by 44.03% and profit after tax (PAT) rose by 309.78% 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	7,814.35	5,827.00	6,097.56	4,869.44
Revenue	6,379.16	8,269.39	5,741.44	5,238.00
Profit After Tax	760.11	716.26	174.79	67.28
Net Worth	3,063.44	2,303.33	1,587.07	1,412.28
Reserves and Surplus	3,110.22	2,350.11	1,633.85	1,459.05
Total Borrowing	3,328.94	899.92	2,722.65	2,393.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

96.63%

Promoter Shareholding (Post-Issue)

70.86%

P/E Ratio

9.85

24.69

Market Cap

₹85.88 Cr.

₹241.16 Cr.

ROE

25.06%%

28.33%%

ROCE

16.25%%

19.20%%

Debt/Equity

2.26

1.09

EPS

₹4.06

₹4.05

RoNW

25.06%%

28.33%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in Shivalic Power Control IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 12,19,200 shares in Shivalic Power Control IPO.

	Divine Power IPO	Shivalic Power Control IPO
Anchor Investor Reserveration	16,20,000 shares	18,28,800 shares
Market Maker Reserveration	2,88,000 shares	3,36,000 shares
QIB	12,17,110 shares	12,19,200 shares
NII	9,05,134 shares	9,14,400 shares
RII	21,11,978 shares	21,33,600 shares
Employee	0 shares	0 shares
Others
Total	42,34,222 shares	42,67,200 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas Shivalic Power Control IPO subscribed 257.24x.

	Divine Power IPO	Shivalic Power Control IPO
QIB (times)	135.84x	170.32x
NII (times)	473.74x	436.37x
Big NII (times)
Small NII (times)
RII (times)	507.94x	230.14x
Employee (times)
Other (times)
Total (times)	393.67x	257.24x

Compare with others

Divine Power IPO	Shivalic Power Control IPO
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Mason Infratech IPO	Visaman Global Sales IPO
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Sylvan Plyboard IPO	Petro Carbon and Chemicals IPO
Shivalic Power Control IPO	Sylvan Plyboard IPO
The Money Fair IPO	Divine Power IPO
Winny Immigration IPO	The Money Fair IPO
Medicamen Organics IPO	Winny Immigration IPO
EnNutrica IPO	Medicamen Organics IPO
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