Danish Power IPO vs Freshara Agro Exports IPO

Comparision between Danish Power IPO and Freshara Agro Exports IPO.

IPO Details

Danish Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Freshara Agro Exports IPO is a SME Book Built Issue proposed to list at NSE SME.

	Danish Power IPO	Freshara Agro Exports IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	GYR Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Hem Finlease Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Danish Power IPO is up to ₹197.90 Cr whereas the issue size of the Freshara Agro Exports IPO is up to ₹75.39 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Freshara Agro Exports IPO is ₹116.00 per share.

	Danish Power IPO	Freshara Agro Exports IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹360.00 per share	₹110.00 per share
Issue Price (Upper)	₹380.00 per share	₹116.00 per share
Issue Price (Final)	₹380.00 per share	₹116.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	1200 shares
Fresh Issue Size	52,08,000 shares	64,99,200 shares
Fresh Issue Size (Amount)	up to ₹197.90 Cr	up to ₹75.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,08,000 shares	64,99,200 shares
Issue Size Total (Amount)	up to ₹197.90 Cr	up to ₹75.39 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Freshara Agro Exports IPO opens on Oct 17, 2024. The closing date of Danish Power IPO and Freshara Agro Exports IPO is Oct 24, 2024, and Oct 21, 2024, respectively.

	Danish Power IPO	Freshara Agro Exports IPO
Anchor Bid Date	Oct 21, 2024	Oct 16, 2024
Issue Open	Oct 22, 2024	Oct 17, 2024
Issue Close	Oct 24, 2024	Oct 21, 2024
Basis Of Allotment (Tentative)	Oct 25, 2024	Oct 22, 2024
Initiation of Refunds (Tentative)	Oct 28, 2024	Oct 23, 2024
Credit of Share (Tentative)	Oct 28, 2024	Oct 23, 2024
Listing date (Tentative)	Oct 29, 2024	Oct 24, 2024
Anchor Lockin End date 1	Nov 24, 2024	Nov 21, 2024
Anchor Lockin End date 2	Jan 23, 2025	Jan 20, 2025

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Freshara Agro Exports IPO P/E ratio of 9.04.

Danish Power IPO

Freshara Agro Exports IPO

Financial

Danish Power Limited Financial Information (Restated Consolidated)

Period Ended	30 Jun 2024	31 Mar 2024
Assets	20,639.09	15,977.95
Revenue	7,273.29	33,463.84
Profit After Tax	998.21	3,807.27
Net Worth	9,201.38	8,213.16
Reserves and Surplus	7,753.02	8,052.23
Total Borrowing	2,393.07	1,011.6
Amount in ₹ Lakhs

Freshara Agro Exports Limited Financial Information (Restated)

Freshara Agro Exports Limited's revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	16,599.73	16,657.8	8,490.64	5,887.64
Revenue	10,746.11	19,819.58	12,700.22	11,840.68
Profit After Tax	1,137.81	2,182.41	908.2	97.36
Net Worth	3,834.58	2,696.77	1,855.49	931.58
Reserves and Surplus	2,134.58	996.77
Total Borrowing	10,625.22	10,755.98	4,173.89	3,479.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

86.50%

Promoter Shareholding (Post-Issue)

73.55%

P/E Ratio

14.46

9.04

Market Cap

₹748.28 Cr.

₹272.59 Cr.

ROE

11.94%%

ROCE

12.30%%

12.31%%

Debt/Equity

0.27

2.77

EPS

₹26.29

₹12.84

RoNW

10.85%

29.67%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in Freshara Agro Exports IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 11,76,000 shares in Freshara Agro Exports IPO.

	Danish Power IPO	Freshara Agro Exports IPO
Anchor Investor Reserveration	14,64,000 shares	17,61,600 shares
Market Maker Reserveration	2,60,700 shares	6,19,200 shares
QIB	9,76,500 shares	11,76,000 shares
NII	7,32,900 shares	8,83,200 shares
RII	17,09,400 shares	20,59,200 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	41,18,400 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas Freshara Agro Exports IPO subscribed 236.80x.

	Danish Power IPO	Freshara Agro Exports IPO
QIB (times)	104.79x	129.22x
NII (times)	275.92x	510.61x
Big NII (times)
Small NII (times)
RII (times)	79.88x	180.80x
Employee (times)
Other (times)
Total (times)	126.65x	236.80x

Compare with others

Danish Power IPO	Freshara Agro Exports IPO
Mangal Compusolution IPO	OBSC Perfection IPO
Rosmerta Digital Services IPO	United Heat Transfer IPO
Neelam Linens and Garments IPO	Danish Power IPO
OBSC Perfection IPO	Premium Plast IPO
United Heat Transfer IPO	Usha Financial Services IPO
Premium Plast IPO	Lakshya Powertech IPO
Usha Financial Services IPO	Pranik Logistics IPO
Freshara Agro Exports IPO	Shiv Texchem IPO
Lakshya Powertech IPO	Khyati Global Ventures IPO
Pranik Logistics IPO	NeoPolitan Pizza and Foods IPO

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