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Danish Power Ltd

Danish Power Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹380
₹380
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹380
Based on GMP
Min. Investment
₹114,000
1 lot × 300 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
22 Oct 2024
Close Date
24 Oct 2024
Allotment
25 Oct 2024
Listing Date
29 Oct 2024
Exchange
NSE SME
Price Band
₹380
Listing Price
See chart
Allotment Status
Price Band
₹380
Per share
Face Value
₹10 per share
 
Lot Size
300 Shares
per lot
Issue Size
52,08,000 shares (aggregating up to ₹197.90 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹114,000
1 lot
Pre-IPO Holding
1,44,83,610 shares
Promoters
Post-IPO Holding
1,96,91,610 shares
Promoters
P/E (Pre)
14.46x
 
P/E (Post)
18.74x
 
EPS (Pre)
₹26.29
 
EPS (Post)
₹20.28
 
UPI Deadline
2024-10-24
Mandate
Anchor AllotmentMon, 21 Oct 2024
Basis of AllotmentFri, 25 Oct 2024
Refund InitiationMon, 28 Oct 2024
Demat CreditMon, 28 Oct 2024
Listing DayTue, 29 Oct 2024
UPI Mandate Deadline2024-10-24
Sale TypeFresh Capital
Net Offer to Public49,47,300 shares (aggregating up to ₹188.00 Cr)
Market Maker Quota2,60,700 shares (aggregating up to ₹9.91 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Danish Power Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Oct 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
260,700
₹9.91
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
5,208,000
100% ₹197.90
IPO Shares Offered
Danish Power Ltd IPO total issue size: ₹197.90 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 260,700 ₹9.91
5.01%
Total 5,208,000 ₹197.90
100.00%
* Based on upper price band ₹380 per share
Lot Size & Investment
Lot Size
300
Shares per Lot
Issue Price
₹380.00
Upper Band
Min Investment
₹114,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2600₹228,000
Retail (Max — 13 Lots)133,900₹1,482,000
S-HNI (Min — 14 Lots)144,200₹1,596,000
B-HNI (Min — 68 Lots)6820,400₹7,752,000
* Issue Price ₹380 × Lot Size 300 shares
IPO Schedule
Anchor
21 Oct 2024
✓ Done
IPO Open
22 Oct 2024
✓ Done
IPO Close
24 Oct 2024
✓ Done
Allotment
25 Oct 2024
✓ Done
Refunds
28 Oct 2024
✓ Done
Demat Credit
28 Oct 2024
✓ Done
Listing Day
29 Oct 2024
✓ Done
Danish Power Ltd — Live Price LIVE
₹380.00
INR · NSE
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Issue ₹380.00 Live Price
About Danish Power Ltd
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services. The product portfolio of the company can be categorized as follows:Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine GeneratorDistribution of Transformers upto 5 MVA 33 kV ClassPower Transformers upto 63 MVA 132 kV ClassThe panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City.The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing.The company's clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.Competitive StrengthWell-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production.Long Term relations with clients by providing timely and quality deliveryDiverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities.Experienced management teamAs of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
Objects of the Issue
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 Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
N/A
FY 2022-23
₹33,463.8
31 Mar 2024
₹7,273.3
30 Jun 2024
Profit After Tax (PAT)
N/A
FY 2022-23
₹3,807.3
31 Mar 2024
₹998.2
30 Jun 2024
Particulars30 Jun 202431 Mar 2024FY 2022-23
Revenue from Operations 7273.29 33463.84 N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 998.21 3807.27 N/A
Net Worth 9201.38 8213.16 N/A
Total Assets 20639.09 15977.95 N/A
Reserves & Surplus 7753.02 8052.23 N/A
Borrowings 2393.07 1011.60 N/A
EBITDA Margin (%) N/A
PAT Margin (%) 14.58%
RoE
11.94%
RoCE
12.30%
RoNW
10.85
PAT Margin
14.58%
Debt/Equity
0.27
Issue Structure & Shareholding
Total Shares Offered52,08,000 (100.00%)
Net Offer to Public49,47,300 shares (aggregating up to ₹188.00 Cr)
Reserved for Market Maker2,60,700 shares (aggregating up to ₹9.91 Cr)
Pre-Issue Promoter Holding1,44,83,610 shares
Post-Issue Promoter Holding1,96,91,610 shares
P/BV RatioN/A
RoE11.94%
RoCE12.30%
Debt / Equity0.27
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Hem Securities Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Danish Power Ltd IPO subscribed?

Danish Power Ltd IPO is subscribed 1.00 times by Oct 24, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Danish Power Ltd IPO retail subscription status?

The Danish Power Ltd IPO retail category is subscribed 1.00 times as of 24 Oct 2024. The retail portion is oversubscribed.

How to subscribe Danish Power Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 22 Oct 2024 and closes 24 Oct 2024. Min investment: ₹114,000 (1 lot = 300 shares). UPI mandate: 2024-10-24.

How many times Danish Power Ltd IPO subscribed?

The Danish Power Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Danish Power Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Oct 2024. Refunds: on 28 Oct 2024.

When Danish Power Ltd IPO will be listed?

The Danish Power Ltd IPO listing date is 29 Oct 2024, Tuesday. Listed on: NSE SME. Issue price: ₹380. Estimated listing: ₹380. GMP: NIL.

When Danish Power Ltd IPO close?

The Danish Power Ltd IPO closes on 24 Oct 2024, Thursday. UPI mandate: 2024-10-24. Allotment: 25 Oct 2024. Listing: 29 Oct 2024.