Divine Power Energy Ltd. has announced public offering of 5690000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 2,276.00 lakhs.

The company's initial public offer (IPO) will open on 25 June 2024 and is expected to close on 27 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 36.00-40.00 per share.

The IPO includes a fresh Issue of 5690000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Divine Power Energy Ltd. anticipates using the proceeds of the issue for .

Khambatta Securities Ltd.,Khambatta Securities Ltd. as lead manager(s) & Bigshare Services Pvt. Ltd. is the registrar, to the issue.