Danish Power IPO
Danish Power is an NSE SME IPO listed on the NSE SME platform, priced at ₹360–₹380 per share. The stock debuted at ₹570, delivering a listing gain of 50.0%. The IPO had a lot size of ₹300 shares and a minimum investment of ₹1,14,000.
Danish Power Limited IPO
- IPO Dates
- Oct 22, 2024 – Oct 24, 2024
- Price band
- ₹360-380 per equity share
- Minimum Investment
- ₹1,14,000
- Issue size
- ₹197.9 Cr
- Lot size
- 300
- Allotment Date
- Oct 25, 2024
- Listing
- Oct 29, 2024
- Listing At
- NSE SME
IPO timeline
-
Oct 22, 2024
Open Date
Completed
-
Oct 24, 2024
Close Date
Completed
-
Oct 25, 2024
Allotment Date
Completed
-
Oct 29, 2024
Listing Date
Completed
Danish Power IPO Essentials
Danish Power IPO Details
Danish Power IPO is priced at ₹360-380 per share with a total issue size of 197.9 crore. The IPO has a lot size of 300 shares and is listed on NSE SME.
- Issue price
- ₹360-380 per equity share
- Lot size
- 300 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,208,000 shares(aggregating up to ₹197.90 Cr)
- Total issue size
- 52,08,000 shares
(aggregating up to ₹197.9 crore) - Fresh issue
- 52,08,000 shares
(aggregating up to ₹197.9 crore) - Listing at
- NSE SME
- List price
- 570.0
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 300 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 300 | ₹1,14,000 |
| Retail(max) | 1 | 300 | ₹1,14,000 |
| NII (min) | 2 | 600 | ₹2,28,000 |
Danish Power IPO Reservation
Danish Power IPO reservation details show category-wise allocation of shares. Out of the total 52,08,000 shares, approximately 18.75% are reserved for QIB, 14.07% for NII, 32.82% for retail investors, 5.01% for market maker, and 28.11% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 14,64,000 (28.11%) | |
| Market Maker Shares Offered | 2,60,700 (5.01%) | |
| QIB Shares Offered | 9,76,500 (18.75%) | |
| NII (HNI) Shares Offered | 7,32,900 (14.07%) | |
| Retail Shares Offered | 17,09,400 (32.82%) | |
| Total Shares Offered | 52,08,000 (100%) |
Danish Power IPO Analytics
Danish Power IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Danish Power IPO Subscription Status
Danish Power IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 976,500 / 732,900 | 1,709,400 | 3,483,300 |
|
Day 1
22-10-24 06:00 PM
|
(3.67 / 3.62) x | 4.88 x | 4.19 x |
|
Day 2
23-10-24 06:00 PM
|
(7.51 / 25.43) x | 28.27 x | 21.34 x |
|
Day 3
24-10-24 06:00 PM
|
(104.79 / 276.27) x | 79.88 x | 126.72 x |
Danish Power Valuations
Earnings
- EPS Pre IPO
- ₹26.29/-
- EPS Post IPO
- ₹19.33/-
- P/E Pre IPO
- 14.46
- P/E Post IPO
- 19.65
Returns
- ROE
- 11.94%
- ROCE
- 12.30%
- RoNW
- 10.85
- PAT Margin
- 14.58
Fundamentals
- Debt / Equity
- 0.27
Danish Power Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 15,977.95 | 10,813.19 | 11,645.27 |
| Revenue | 33,463.84 | 18,943.79 | 14,917.12 |
| Profit After Tax | 3,807.27 | 857.09 | 524.88 |
| Net Worth | 8,213.16 | 4,244.96 | 3,387.87 |
| Reserves & Surplus | 8,052.23 | N/A | N/A |
| Total Borrowing | 1,011.6 | 1,389.15 | 2,832.05 |
Danish Power Company & Offer Insights
About Danish Power
Danish Power Limited is a manufacturing company that was founded in July 1985. It produces all kinds of transformers, including inverter duty transformers, which are used in renewable power projects, such as solar power plants and wind farms. Other products made by the company include oil and dry type power and distribution transformers, control relay panels, and substation automation services.
The product portfolio of the company can be categorized into:
Inverter Duty Transformers (multi-winding) up to 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
Distribution of Transformers up to 5 MVA 33 kV Class
Power Transformers up to 63 MVA 132 kV Class
The range of the panel includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.
There are two manufacturing plants that operate within Jaipur: Sitapura Industrial Area and Mahindra World City.
Mahindra World City has design, development, and manufacturing capabilities. It is ISO 9001:2015 certified for a Quality Management System, ISO 14001:2015 certified for an Environmental Management System, and ISO 45001:2018 certified for an Occupational Health and Safety Management System.
Amongst the clients, the company caters to the likes of Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited, among others.
As of 31 March, 2024, the company has 343 employees working full time and also recruits personnel on contract.
Danish Power Promoter(s)
Dinesh Talwar, Shivam Talwar, Puneet Sandhu Talwar are the company's promoters of Danish Power.
Danish Power IPO Issue Objectives
- •
- 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 IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Danish Power Limited | 26.29 | 26.29 | N/A | N/A | 46.36 | N/A | Restated |
| Indo Tech Transformers Ltd. | 44.12 | 44.12 | N/A | 46.61 | 21.58 | N/A | Annual Report |
| Shilchar Technologies Ltd. | 120.48 | 120.48 | N/A | 53.04 | 43.84 | N/A | Annual Report |
| Voltamp Transformers Ltd. | 303.8 | 303.8 | N/A | 44.76 | 22.71 | N/A | Annual Report |
Notes:
- The company's EPS, NAV, RoNW, and total Income are taken per the Restated Financial Statement for the Financial Year 2023-24.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on March 31, 2024.
- RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed according to Regulation 2(1)(hh) of the SEBI (ICDR) Regulations, 2018.
Contact Information
Contact Details
Danish Power
+91- 9001829230
DTA-02-07-08, DTA Phase-II PO, Mahindra World, City, Mahindra World City Sanganer, Jaipur-302037
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Danish Power IPO is a book-built IPO worth ₹197.9 crore. The price band is ₹360–₹380 per share. The IPO opens on Oct 22, 2024 and closes on Oct 24, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Danish Power IPO is ₹360 to ₹380 per share.
The lot size of Danish Power IPO is 300 shares.
The minimum investment for Danish Power IPO is approximately ₹1,14,000 based on the upper price band .
Danish Power IPO opens on Oct 22, 2024 and closes on Oct 24, 2024.
The allotment date of Danish Power IPO is Oct 25, 2024.
Danish Power IPO is expected to be listed on Oct 29, 2024, on NSE SME Platform.
Danish Power IPO valuation snapshot: P/E 19.65, EPS ₹19.33/-, P/B N/A, RoNW 10.85, and market cap N/A.
To apply for Danish Power IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Danish Power IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Danish Power IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Danish Power IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Danish Power IPO allotment status on IPO Ji for quick and easy access.