Danish Power IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 22 Oct - 24 Oct- 2024

Price: ₹ 380
Lot Size:  300 Shares
Allotment Date: 25-Oct-2024
Listing Date: 29-Oct-2024
IPO Size:Approx ₹197.90 Crores

Danish Power IPO Details: The Danish Power IPO is set to open on October 22, 2024, and will close on October 24, 2024. This Book Built Issue aims to raise approximately ₹197.90 crores, which includes a fresh issue of ₹197.90 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.

The price band for the Danish Power IPO is established between ₹360 and ₹380 per share. The allocation will consist of 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on the NSE on October 29, 2024, with allotment scheduled for October 25, 2024.

In its latest financial report, the company recorded revenues of ₹334.64 crores and a profit of ₹38.07 crores for the year 2024. Given these promising financials, investors may consider applying for the IPO with a long-term perspective.

Danish Power IPO Objectives:

The Net Proceeds are proposed to be used by the details as set forth below:

  1. 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
  2. To meet working capital requirements
  3. Repayment of specific borrowing availed by the Company, in part or full
  4. General Corporate Purpose

Danish Power IPO Review (Apply or Not)

  • Update soon

Danish Power IPO Date & Price Band Details:

IPO Open Date:October 22, 2024
IPO Close Date:October 24, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹360 to ₹380 Per Share
Issue Size:Approx ₹197.90 Crores
Fresh Issue:Approx ₹197.90 Crores
Offer for Sale:Approx [.] Equity Shares
Issue Type:Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Danish Power IPO Lot Size:

The minimum market lot for the Danish Power IPO is set at 300 shares, requiring an application amount of ₹114,000.

ApplicationLot SizeSharesAmount
Retail Minimum1300₹114,000
Retail Maximum1300₹114,000
S-HNI Minimum2600₹228,000

Danish Power IPO Timeline:

The Danish Power IPO will open on October 22, 2024, and close on October 24, 2024. Allotment for the IPO will be finalized on October 25, 2024, with the shares expected to be listed on October 29, 2024.

IPO Open Date:October 22, 2024
IPO Close Date:October 24, 2024
Basis of Allotment:October 25, 2024
Refunds:October 26, 2024
Credit to Demat Account:October 26, 2024
IPO Listing Date:October 29, 2024

Danish Power IPO GMP Today:

GMP for Danish Power SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.

Promoters of Danish Power IPO

The promoters of the company are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.

About Danish Power IPO

Founded in 1985, Danish Power Limited is a transformer manufacturing company led by Mr. Dinesh Talwar and Mrs. Shashi Talwar. The company is recognized as one of India’s authorized manufacturers and exporters of power equipment. Danish Power Limited boasts a rich history of delivering high-quality transformers for renewable energy projects, including wind farms and solar power plants, as well as oil and dry-type power and distribution transformers, control relay panels, and substation automation services. The company proudly celebrates 35 years in the transformer industry. Under the guidance of Dinesh Talwar, who brings 39 years of experience in the field, Danish Power has achieved significant milestones. As of March 31, 2024, our revenue from operations reached ₹33,247.67 lakhs.

Danish Power IPO Company Financial Report

The company reported revenue of ₹334.64 crores in 2024. The company reported profit of ₹38.07 crores in 2024.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2024₹334.64₹283.49₹38.07₹159.78

Danish Power IPO Valuation – FY2024

Check Danish Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:60.34%
ROCE:56.97%
EBITDA Margin:16.15%
PAT Margin:11.45%
Debt to equity ratio:0.12
Earning Per Share (EPS):₹26.29 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):46.36%
Net Asset Value (NAV):₹56.71

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Indo Tech Transformers Limited44.1253.3721.58141.93509.92 Cr.
Shilchar Technologies Ltd120.4856.4443.84274.81409.71 Cr.
Voltamp Transformers Limited303.8044.8822.711,337.941,705.21 Cr.

Danish Power IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

IPO Lead Managers aka Merchant Bankers

  • Hem Securities Limited

Company Address

Danish Power Limited
DTA-02-07-08, DTA Phase-II, , PO, Mahindra World
City, Mahindra World City Sanganer
Jaipur-302037
Phone: +91- 9001829230
Email: cs@danish.co.in
Website: https://www.danish.co.in/

Danish Power IPO FAQs

What is the Danish Power IPO?
The Danish Power IPO is an SME IPO through which the company aims to raise ₹197.90 crores. The issue is priced between ₹360 and ₹380 per equity share and will be listed on the NSE.

When will the Danish Power IPO open for subscription?
The IPO will open for subscription on October 22, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. It will close on October 24, 2024.

What is the investor portion for the Danish Power IPO?
The allocation for the Danish Power IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.

How can I apply for the Danish Power IPO?
You can apply for the Danish Power IPO using the ASBA method online through your bank account. Additionally, applications can be submitted via UPI through your stock broker or by filling out an offline form with your stock broker.

What is the size of the Danish Power IPO issue?
The issue size of the Danish Power IPO is ₹197.90 crores.

What is the price band for the Danish Power IPO?
The price band for the Danish Power IPO is set between ₹360 and ₹380.

What is the lot size for the Danish Power IPO?
The minimum bid for the Danish Power IPO is 300 shares, requiring an investment of ₹114,000.

What is the allotment date for the Danish Power IPO?
The allotment date for the Danish Power IPO is October 25, 2024.

What is the listing date for the Danish Power IPO?
The Danish Power IPO is scheduled to be listed on the NSE on October 29, 2024.

IPO Date: 22 Oct - 24 Oct- 2024

Price: ₹ 380
Lot Size:  300 Shares
Allotment Date: 25-Oct-2024
Listing Date: 29-Oct-2024
IPO Size:Approx ₹197.90 Crores

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