Danish Power Limited IPO
NSE SMEListed On: Oct 29, 2024 at ₹ 570.0
₹ 228000 /600 Shares
*Min Investment
22 Oct, 2024
Open Date24 Oct, 2024
Close Date25 Oct, 2024
Allotment Date29 Oct, 2024
Listing DateDanish Power IPO Issue Details
- Issue Price ₹360-380 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 52,08,000 shares(aggregating up to ₹197.9 crore)
- Fresh Share 52,08,000 shares(aggregating up to ₹197.9 crore)
- Listing at NSE SME
- List Price 570.0
- Listing Date 2024-10-29
- Lead Manager Hem Securities Limited
- Registrar Link Intime India Private Ltd
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 offers total 52,08,000 shares. Out of which 9,76,500 (18.75%) allocated to QIB, 7,32,900 (14.07%) allocated to NII,17,09,400 (32.82%) allocated to RII, NA (NA%) allocated to employees and 14,64,000 (28.11%) allocated to 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 Details
Danish Power Limited IPO is an SME IPO, priced at ₹360-380 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 52,08,000 equity shares, aggregating up to ₹197.9 crores..
The IPO bidding window is open from Oct 22, 2024 to Oct 24, 2024. The allotment is expected to be finalized on Oct 25, 2024, and the tentative listing date is Oct 29, 2024.
The minimum lot size for Retail investors is 300 shares, with a minimum investment of ₹1,14,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,28,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Danish Power IPO Subscription Analysis And Details
| 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
Danish Power Company Financials
| 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 |
About Danish Power Company
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
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.55%
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 Details
Danish Power
DTA-02-07-08, DTA Phase-II PO, Mahindra World, City, Mahindra World City Sanganer, Jaipur-302037
+91- 9001829230
Registrar Contact Details
Danish Power IPO - FAQs
Ans. Danish Power Limited IPO is a SME IPO. The issue is priced at ₹360-380 per equity share. The minimum order quantity is 300 Shares. The IPO opens on Oct 22, 2024, and closes on Oct 24, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Danish Power Limited IPO opens on Oct 22, 2024 and closes on Oct 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Danish Power Limited IPO is 5,208,000 shares(aggregating up to ₹197.90 Cr).
Ans. The Danish Power Limited IPO price band is set between ₹360-380 per equity share.
Ans. To apply for Danish Power Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Danish Power Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Danish Power Limited IPO is Oct 25, 2024.
Ans. The Danish Power Limited IPO will be listed on Oct 29, 2024.
Ans. Follow the steps to check the Danish Power Limited IPO allotment status online.
