About Company – Divine Power

Divine Power Energy Ltd (Formerly known as PDRV Enterprises) is a leading manufacturer or insulated and bare copper and aluminium wires and strips in India. The company manufactures Bare Copper, Aluminium Wire, Aluminium Strip, Winding Wire or strips, etc.

Its products are mainly sold to the power distribution companies and transformer manufacturers.

Key customers of the company are Tata Power, Pashchimanchal Vidhyut Vitran Nigam, BSES, Madhyanchal Vidhyut Vitran Nigam, Dakshinanchal Vidhyut Vitran Nigam, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.

It has state of the art manufacturing plant located at Sahibabad, Ghaziabad with a total installed capacity of 300 metric tonnes of aluminium and 400 metric tonnes per month of copper.

The company has a strong market presence in North India, particularly in Uttar Pradesh, Haryana, Uttarakhand, Punjab, Delhi, and Bihar.

Divine Power SME IPO Strengths

• Diversified product portfolio i.e., copper and aluminium wires and strips, fiberglass coated winding wires/strips, etc.
• Cutting-edge technology usage to produce high-quality insulated copper and aluminium wires
• Customization manufacturing capabilities to cater to specific customers requirements
• Experienced team of promoters and managers

Divine Power SME IPO Objective

The company intend to utilize the proceeds of the Issue to meet the following objects: –

1. To meet the working capital requirements of the Company; and
2. General Corporate Purpose