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
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	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 Lakshya Powertech IPO is up to ₹49.91 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Lakshya Powertech IPO is ₹180.00 per share.

	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)	₹380.00 per share	₹180.00 per share
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 19, 2024
Anchor Lockin End date 2	Jan 23, 2025	Jan 18, 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 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

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 Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,415.91	8,246.31	3,334.85	1,758.89
Revenue	5,815.38	14,941.92	5,311.21	3,421.39
Profit After Tax	597.11	1,567.77	271.09	104.58
Net Worth	3,770.8	3,173.71	660.98	389.89
Reserves and Surplus	3,039.69	2,442.6	650.98	379.89
Total Borrowing	2,916.59	2,900.04	1,448.67	590.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

96.84%

Promoter Shareholding (Post-Issue)

73.55%

P/E Ratio

14.46

8.39

Market Cap

₹748.28 Cr.

₹181.51 Cr.

ROE

11.94%%

16%%

ROCE

12.30%%

13.41%%

Debt/Equity

0.27

0.83

EPS

₹26.29

₹21.44

RoNW

10.85%

15.84%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in Lakshya Powertech IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 5,24,800 shares in Lakshya Powertech IPO.

	Danish Power IPO	Lakshya Powertech IPO
Anchor Investor Reserveration	14,64,000 shares	7,44,000 shares
Market Maker Reserveration	2,60,700 shares	1,48,000 shares
QIB	9,76,500 shares	5,24,800 shares
NII	7,32,900 shares	3,96,000 shares
RII	17,09,400 shares	8,96,000 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	18,88,800 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas Lakshya Powertech IPO subscribed 573.36x.

	Danish Power IPO	Lakshya Powertech IPO
QIB (times)	104.79x	212.18x
NII (times)	275.92x	1,117.75x
Big NII (times)
Small NII (times)
RII (times)	79.88x	590.26x
Employee (times)
Other (times)
Total (times)	126.65x	573.36x

Compare with others

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

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