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Divine Power Energy Limited has provided an update on the utilization of funds raised through its IPO. The total amount raised was ₹22.75 crore, out of which ₹22.63 crore has been utilized. Specifically, ₹21.50 crore was allocated for working capital and has been fully utilized, while ₹7.25 crore earmarked for issue-related expenses has seen ₹1.13 crore expended, leaving an unutilized amount of ₹0.78 crore. This summary reflects the company’s commitment to transparency in deploying IPO proceeds effectively.