Today, the share price of Divine Power Energy had a spectacular start on NSE SME. The opening price of Divine Power Energy shares was ₹155, which is 287.5% higher than the issue price of ₹40. But after the solid listing, the stock fell into the red.
Subscriptions for Divine Power Energy Ltd.’s IPO opened on Tuesday, June 25, and closed on Thursday, June 27. The Divine Power IPO had a large size of 3,000 shares. The Divine Power IPO price range was set between Rs. 36 and Rs. 40 per equity share, with a face value of Rs. 10. On day three, the Divine Power IPO subscription status was 393.67 times.
Winding copper/aluminum wire, bare copper/aluminum wire and winding copper/aluminum strip are all produced under Divine Power Energy Limited. Winding wires or strips are made by annealing, insulating, and coating them with materials such as paper, cotton and fibreglass. Transformer manufacturers and power distribution utilities buy winding wires/strips covered with paper, crepe paper and cotton to repair common wear and tear and build new transformers.
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