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Danish Power IPO vs Lakshya Powertech IPO

Comparision between Danish Power IPO and Lakshya Powertech IPO.

IPO Details

Danish Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Lakshya Powertech IPO is a SME Book Built Issue proposed to list at NSE SME.

  Danish Power IPO Lakshya Powertech IPO
Logo Danish Power IPO Logo Lakshya Powertech 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 Kfin Technologies Limited
Market Maker Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP
Anchor Investor Anchor Investor
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 Lakshya Powertech IPO is up to ₹49.91 Cr. The final issue price of Danish Power IPO is and of Lakshya Powertech IPO is .

  Danish Power IPO Lakshya Powertech IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹360.00 per share ₹171.00 per share
Issue Price (Upper) ₹380.00 per share ₹180.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee) ₹15.00 per share
Market Lot Size 300 shares 800 shares
Fresh Issue Size 52,08,000 shares 27,72,800 shares
Fresh Issue Size (Amount) up to ₹197.90 Cr up to ₹49.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 52,08,000 shares 27,72,800 shares
Issue Size Total (Amount) up to ₹197.90 Cr up to ₹49.91 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Lakshya Powertech IPO opens on Oct 16, 2024. The closing date of Danish Power IPO and Lakshya Powertech IPO is Oct 24, 2024, and Oct 18, 2024, respectively.

  Danish Power IPO Lakshya Powertech IPO
Anchor Bid Date Oct 21, 2024 Oct 15, 2024
Issue Open Oct 22, 2024 Oct 16, 2024
Issue Close Oct 24, 2024 Oct 18, 2024
Basis Of Allotment (Tentative) Oct 25, 2024 Oct 21, 2024
Initiation of Refunds (Tentative) Oct 28, 2024 Oct 22, 2024
Credit of Share (Tentative) Oct 28, 2024 Oct 22, 2024
Listing date (Tentative) Oct 29, 2024 Oct 23, 2024
Anchor Lockin End date 1 Nov 24, 2024 Nov 20, 2024
Anchor Lockin End date 2 Jan 23, 2025 Jan 19, 2025

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Lakshya Powertech IPO P/E ratio of 8.39.

  Danish Power IPO Lakshya Powertech IPO
Financial

Danish Power Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets15,977.95
Revenue33,463.84
Profit After Tax3,807.27
Net Worth8,213.16
Reserves and Surplus8,052.23
Total Borrowing1,011.6
Amount in ₹ Lakhs

Lakshya Powertech Limited Financial Information (Restated)

Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets9,415.918,246.313,334.851,758.89
Revenue5,815.3814,941.925,311.213,421.39
Profit After Tax597.111,567.77271.09104.58
Net Worth3,770.83,173.71660.98389.89
Reserves and Surplus3,039.692,442.6650.98379.89
Total Borrowing2,916.592,900.041,448.67590.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 96.84%
Promoter Shareholding (Post-Issue)
P/E Ratio 14.46 8.39
Market Cap ₹748.28 Cr. ₹181.51 Cr.
ROE 16%%
ROCE 13.41%%
Debt/Equity 0.83
EPS ₹26.29 ₹21.44
RoNW 15.84%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered while in Lakshya Powertech IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Danish Power IPO and 5,24,800 shares in Lakshya Powertech IPO.

  Danish Power IPO Lakshya Powertech IPO
Anchor Investor Reserveration 7,44,000 shares
Market Maker Reserveration 2,60,700 shares 1,48,000 shares
QIB 5,24,800 shares
NII 3,96,000 shares
RII 8,96,000 shares
Employee 64,500 shares 0 shares
Others
Total 18,88,800 shares

Bids Received (Subscription)

Danish Power IPO subscribed in total, whereas Lakshya Powertech IPO subscribed 60.93x.

  Danish Power IPO Lakshya Powertech IPO
QIB (times) 1.37x
NII (times) 64.25x
Big NII (times)
Small NII (times)
RII (times) 99.20x
Employee (times)
Other (times)
Total (times) 60.93x

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