Danish Power IPO Details
The Danish Power IPO is a book build issue with a total issue size of ₹197.9 cr, comprising of fresh issue of 5208000 equity shares. Danish Power IPO opened for subscription on Oct 22, 2024 and closed on Oct 24, 2024. Danish Power IPO is set price band at ₹360 to ₹380 per share, with a lot size of 300 shares. Minimum investment for Retail investors was ₹228,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 25, 2024, and listed on the NSE on Oct 29, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Danish Power IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 360 – 380
- Lot Size
- 300
- Issue Size
- ₹197.9 Cr
- Minimum Investment
- ₹228000 (600 Shares)
- Listing Date
- 29 October 2024
Current GMP
₹246 (+64.74%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Danish Power Limited
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.
Danish Power IPO 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%
Danish Power IPO Objective
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
Book Running Lead Managers
- Hem Securities Limited
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 with a total issue size of ₹197.9 crore. The Danish Power IPO price band is ₹360 to 380 per share. The Danish Power IPO subscription opens on Tue, Oct 22, 2024, and closes on Thu, Oct 24, 2024. The Danish Power IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Danish Power IPO.
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 per share.
Danish Power IPO lot size is 300 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
The minimum investment for Danish Power IPO is ₹228000, based on one lot of 300 shares at the upper price band of ₹380 per share.
Investors can apply for the Danish Power IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 24, 2024. The application amount remains blocked until the Danish Power IPO allotment is finalized.
Danish Power IPO issue size is ₹197.9 crores.
Danish Power IPO allotment date is Wed, Jul 1, 2026.
The registrar for Danish Power IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Danish Power IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.