Danish Power IPO vs United Heat Transfer IPO

Comparision between Danish Power IPO and United Heat Transfer IPO.

IPO Details

Danish Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while United Heat Transfer IPO is a SME Book Built Issue proposed to list at NSE SME.

	Danish Power IPO	United Heat Transfer 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	Swastika Investmart Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Hem Finlease Private Limited	Swastika Investmart 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 United Heat Transfer IPO is up to ₹30.00 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

	Danish Power IPO	United Heat Transfer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹360.00 per share	₹56.00 per share
Issue Price (Upper)	₹380.00 per share	₹59.00 per share
Issue Price (Final)	₹380.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	2000 shares
Fresh Issue Size	52,08,000 shares	50,84,000 shares
Fresh Issue Size (Amount)	up to ₹197.90 Cr	up to ₹30.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,08,000 shares	50,84,000 shares
Issue Size Total (Amount)	up to ₹197.90 Cr	up to ₹30.00 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Danish Power IPO and United Heat Transfer IPO is Oct 24, 2024, and Oct 24, 2024, respectively.

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

Financials

Danish Power IPO P/E ratio is 14.46, as compared to United Heat Transfer IPO P/E ratio of 13.16.

Danish Power IPO

United Heat Transfer 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

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit After Tax	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves and Surplus	1,473.24	762.71	988.86	777.32
Total Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

91.59%

Promoter Shareholding (Post-Issue)

73.55%

67.09%

P/E Ratio

14.46

13.16

Market Cap

₹748.28 Cr.

₹112.12 Cr.

ROE

11.94%%

8.46%%

ROCE

12.30%%

10.79%%

Debt/Equity

0.27

1.12

EPS

₹26.29

₹4.48

RoNW

10.85%

8.46%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in United Heat Transfer IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 9,74,000 shares in United Heat Transfer IPO.

	Danish Power IPO	United Heat Transfer IPO
Anchor Investor Reserveration	14,64,000 shares	14,34,000 shares
Market Maker Reserveration	2,60,700 shares	2,56,000 shares
QIB	9,76,500 shares	9,74,000 shares
NII	7,32,900 shares	7,28,000 shares
RII	17,09,400 shares	16,92,000 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	33,94,000 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas United Heat Transfer IPO subscribed 83.70x.

	Danish Power IPO	United Heat Transfer IPO
QIB (times)	104.79x	26.56x
NII (times)	275.92x	124.72x
Big NII (times)
Small NII (times)
RII (times)	79.88x	98.93x
Employee (times)
Other (times)
Total (times)	126.65x	83.70x

Compare with others

Danish Power IPO	United Heat Transfer IPO
Mangal Compusolution IPO	Onyx Biotec IPO
Rosmerta Digital Services IPO	Mangal Compusolution IPO
Neelam Linens and Garments IPO	Rosmerta Digital Services IPO
OBSC Perfection IPO	Neelam Linens and Garments IPO
United Heat Transfer IPO	OBSC Perfection IPO
Premium Plast IPO	Danish Power IPO
Usha Financial Services IPO	Premium Plast IPO
Freshara Agro Exports IPO	Usha Financial Services IPO
Lakshya Powertech IPO	Freshara Agro Exports IPO
Pranik Logistics IPO	Lakshya Powertech IPO

Comments

Add a public comment...