This IPO is to be list on NSE SME platform on 29 October, 2024, and allotment date is on 25 October, 2024 which check Danish Power IPO allotment status on Link Intime India Private Ltd is the registrar for this offering.
The book-running lead managers of this IPO is Hem Securities Limited. For more information check Danish Power IPO DRHP and RHP details.
Danish Power IPO Details
| IPO Issue Open Date: | 22 October 2024 |
| IPO Issue Close Date: | 24 October 2024 |
| IPO Issue Price Band: | ₹360 to ₹380 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹197.90 Crores | 5,208,000 shares |
| Fresh Issue: | ₹197.90 Crores | 5,208,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Danish Power IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Danish Power IPO Dates Timeline
| Issue Open Date: | 22 October 2024 |
| Issue Close Date: | 24 October 2024 |
| Basis of Allotment Date: | 25 October 2024 |
| Refunds Initiation: | 28 October 2024 |
| Shares Credit in Demat: | 28 October 2024 |
| IPO Listing Date Detail: | 29 October 2024 |
Danish Power IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 300 shares = ₹114,000 |
| Retail (Max) | 1 lots and 300 shares = ₹114,000 |
| HNI (Min) | 2 lots and 600 shares = ₹228,000 |
| B-HNI Minimum | – |
Danish Power IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹250 | ₹60,000 | ₹- | 66% |
| 25th Oct | ₹300 | ₹65,000 | ₹- | 79% |
| 24th Oct | ₹290 | ₹65,000 | ₹- | 76% |
| 23th Oct | ₹260 | ₹60,000 | ₹- | 68% |
| 22th Oct | ₹250 | ₹60,000 | ₹- | 66% |
| 21th Oct | ₹150 | ₹35,000 | ₹- | 39% |
| 18th Oct | ₹- | ₹- | ₹- | ₹- |
| 17th Oct | ₹- | ₹- | ₹- | ₹- |
| 16th Oct | ₹- | ₹- | ₹- | ₹- |
About Danish Power
Danish Power Limited is an ISO certified company They engaged in the business of manufacturing of different types of transformers including inverter duty transformers used in renewable power projects like solar power plant or wind farms, oil and dry type power and distribution transformers, control relay panel along with substation automation services. Their customers include companies like Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited & Torrent Power Limited.
Their current product portfolio may be categorized as follows:
- Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
- Distribution Transformers upto 5 MVA 33 kV Class
- Power Transformers upto 63 MVA 132 kV Class
- Panels includes Control Relay Panels upto 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, APFC Panels.
Danish Power IPO Strengths
- Established Manufacturing facility
- Existing relationship with the clients.
- Diversified Product Base
- Experienced and Strong Promotors/Management team
- Quality assurance
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹334.64 crores in 2024. The company reported profit of ₹38.07 crores in 2024.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2024 | ₹334.64 | ₹283.49 | ₹38.07 | ₹159.78 |
Danish Power IPO Valuation – Key Performance Indicator
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.
| KPI | Values |
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Indo Tech Transformers Limited | 44.12 | 53.37 | 21.58% | 141.93 | 509.92 Cr. |
| Shilchar Technologies Ltd | 120.48 | 56.44 | 43.84% | 274.81 | 409.71 Cr. |
| Voltamp Transformers Limited | 303.80 | 44.88 | 22.71 | 1,337.94 | 1,705.21 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
Danish Power IPO Lead Manager
- Hem Securities Limited
Danish Power IPO allotment status check on Link Intime website. Click on Link Intime India Private Ltd to get allotment status.
Promoters of Danish Power
- Dinesh Talwar
- Shivam Talwar
- Puneet Sandhu Talwar
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/