Danish Power IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Tue, 22 Oct 2024
Close Date
Thu, 24 Oct 2024
Price Band
₹ 360 – 380
Lot Size
300
Issue Size
₹ 197.90 Cr
Minimum Investment
₹ 228,000 (600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Danish Power IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹197.90 Crore, comprising a fresh issue of 52.08 Lakh equity shares aggregating to ₹197.90 Crore.
The Danish Power IPO remained open for subscription from October 22, 2024, to October 24, 2024. The basis of allotment was finalized on October 25, 2024, and the company's shares were listed on NSE SME Platform on October 29, 2024.
The company had fixed the price band at ₹360 to ₹380 per share, with a lot size of 300 shares. Retail investors were required to make a minimum investment of ₹228,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Danish Power Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Danish Power IPO Timeline (Tentative)
- IPO Open Date
- Tue, 22 Oct 24
- IPO Close Date
- Thu, 24 Oct 24
- Basis of Allotment
- Fri, 25 Oct 24
- Initiation of Refunds
- Mon, 28 Oct 24
- Credit of Shares to Demat
- Mon, 28 Oct 24
- Listing Date
- Tue, 29 Oct 24 — NSE & BSE
Open Date
22 October 2024
Close Date
24 October 2024
Basis Of Allotment
25 October 2024
Listing Date
29 October 2024
IPO Subscription
Check Live Subscription →The Danish Power IPO has received bids for 44,14,06,500 shares against 34,18,800 shares offered, resulting in an overall subscription of 129.11x. the NII category is subscribed 276.27x, Retail Investors 79.88x, Employees 0x, and QIBs 104.79x.
QIB
104.79x
NII
276.27x
RII
79.88x
EMP
0x
Total
129.11x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,09,400 shares, representing 32.82% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,76,500 shares (18.75%), while Non-Institutional Investors (NIIs) receive 7,32,900 shares (14.07%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,464,000 | 28.11% |
| Market Maker | 260,700 | 5.01% |
| Qualified Institutions | 976,500 | 18.75% |
| Non-Institutional | 732,900 | 14.07% |
| Retail Investors | 1,709,400 | 32.82% |
| Total | 5,208,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Danish Power Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 11.94 |
| ROCE % | 12.3 |
| Debt / Equity | 0.27 |
| RoNW % | 10.85 |
| Pat Margin % | 14.58 |
Peers Comparison
No Peer Comparision Available
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
Danish Power Limited Address / Contact Details
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
Danish Power IPO Lot Size
The Danish Power IPO has a lot size of 300 shares. Retail investors require a minimum investment of ₹1,14,000 by applying for 1 lot (300 shares). The maximum application allowed for the retail category is 1 lots (300 shares), requiring an investment of ₹1,14,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.11%
- Market Maker — 5.01%
- QIB — 18.75%
- NII — 14.07%
- RII — 32.82%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Danish Power 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.
When will the Danish Power IPO open for subscription?
The Danish Power IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024
What is Danish Power IPO Price Band?
Danish Power IPO Price Band is ₹360 to 380 per share.
What is Danish Power IPO Lot Size?
Danish Power IPO lot size is 300 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
What is the minimum investment for Danish Power IPO?
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.
How to apply for Danish Power IPO?
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.
What is Danish Power IPO Issue Size?
Danish Power IPO issue size is ₹197.9 crores.
What is the Danish Power IPO Allotment Date?
Danish Power IPO allotment date is Fri, Oct 25, 2024.
Who is the Danish Power IPO Registrar?
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.
What is the Danish Power IPO GMP?
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 64.74% over the issue price.
Who is the Danish Power IPO Lead Manager?
The book-running lead managers (BRLMs) for the Danish Power IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Danish Power IPO Red Herring Prospectus (RHP).