Danish Power IPO
Open SmeCurrent GMP
₹246 (+64.74%)
Price Band
₹ 360 – 380
Lot Size
300
Issue Size
₹197.9 Cr
Minimum Investment
₹228000 (600 Shares)
Listing Date
29 October 2024
Subscription
129.11x
About the Company
DANISH POWER LIMITED is a leading manufacturer specializing in a broad spectrum of transformers, including inverter duty transformers designed for renewable energy projects such as solar power plants and wind farms. The company also produces oil and dry-type power and distribution transformers, control relay panels, and provides substation automation services. Its diverse client base includes industry leaders such as Tata Power Solar System, Waaree Renewable Technologies, Jakson Green, ABB India, and Torrent Power.
The company’s product range includes multi-winding inverter duty transformers (up to 20 MVA, 33 kV class) for solar plants, transformers for wind turbine generators, distribution transformers (up to 5 MVA, 33 kV class), and power transformers (up to 63 MVA, 132 kV class). In addition, Danish Power manufactures control relay panels (up to 400 kV class), substation automation systems (SCADA), bus bar protection panels, LT panels, and APFC panels.
DANISH POWER LIMITED operates two state-of-the-art manufacturing facilities in the Sitapura Industrial Area and Mahindra World City, Jaipur, with a combined transformer production capacity of approximately 4681 MVA and an annual output of around 576 control relay panels. As of March 31, 2024, the company employs around 343 skilled professionals across its operations.
Promoters
The Promoters of the company
- Dinesh Talwar, Shivam Talwar
- Puneet Sandhu Talwar.
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.55%
Objects of the Issue
The Company intend to utilize the proceeds of the Issue to meet the following objects: -
- Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein
- To meet working capital requirements
- Repayment of specific borrowing availed by the Company, in part or full
- General Corporate Purpose
Address / Contact Info
DANISH POWER LIMITED
DTA-02-07-08, DTA Phase-II,
PO, Mahindra World City,
Sanganer 302037, Jaipur, Rajasthan
Phone: +919001829230
E-mail: cs@danish.co.in
Website: www.danish.co.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 22 October 2024
IPO Close Date
Thursday, 24 October 2024
Basis of Allotment
Friday, 25 October 2024
Initiation of Refunds
Monday, 28 October 2024
Credit of Shares to Demat
Monday, 28 October 2024
Listing Date
Tuesday, 29 October 2024 — NSE & BSE
Important Dates
Open Date
22 October 2024
Close Date
24 October 2024
Basis Of Allotment
25 October 2024
Listing Date
29 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 JUNE 2024 | 31 MARCH 2024 |
|---|---|---|
| Assets | 20639.09 | 16257.08 |
| Revenue | 7273.29 | 33463.84 |
| Profit After Tax | 998.21 | 3807.43 |
| Net Worth | 9201.38 | 8213.16 |
| Reserve & Surplus | 7753.02 | 8052.34 |
| Total Borrowings | 2393.07 | 1290.72 |
EPS Pre
26.29%
EPS Post
20.28%
P/E Pre
14.46
P/E (Post Issue)
18.74x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 11.94 |
| ROCE % | 12.3 |
| Debt / Equity | 0.27 |
| RoNW % | 10.85 |
| PbW | 0 |
| Pat Margin % | 14.58 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1464000 | 28.11 | 0 |
| Market Maker | 260700 | 5.01 | 0 |
| Qualified Institutions | 976500 | 18.75 | 0 |
| Non-Institutional | 732900 | 14.07 | 0 |
| Retail Investors | 1709400 | 32.82 | 0 |
| Total | 5208000 | 100 | 0 |
Subscription Status ( Thu, 24 Oct 24 12:44 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 976500 | 102332100 | 104.79x |
| Non-Institutional | 732900 | 202480800 | 276.27x |
| Retail Investors | 1709400 | 136550400 | 79.88x |
| Employees | 0 | 43200 | 0x |
| Total | 3418800 | 441406500 | 129.11x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 300 | 114,000.00 |
| Retail (Max) | 1 | 300 | 114,000.00 |
| S-HNI (Min) | 2 | 600 | 228,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Danish Power IPO is a Book-building IPO worth ₹197.9 crores. The price band is ₹360 to 380 per share. The IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Danish Power IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024
Danish Power IPO Price Band is ₹360 to 380.
Danish Power IPO lot size is 300, and the minimum amount required for application is ₹228000.
The minimum investment for Danish Power IPO is approximately ₹228000 based on the upper price band.
To apply for the Danish Power IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Oct 24, 2024. After submission, funds are blocked until the basis of allotment of Danish Power IPO is finalised.
Danish Power IPO issue size is ₹197.9 crores.
Danish Power IPO allotment date is Sat, Jun 27, 2026.
The registrar for Danish Power IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Danish Power IPO through their official website or helpline.
The Danish Power IPO GMP (Grey Market Premium) is ₹246 as of Tue, Oct 29, 2024. Based on the upper price band of ₹380 per share, the estimated Danish Power IPO listing price is ₹626, indicating a potential listing gain of approximately 31% over the issue price.