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Danish Power IPO vs Pranik Logistics IPO

Comparision between Danish Power IPO and Pranik Logistics IPO.

IPO Details

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

  Danish Power IPO Pranik Logistics IPO
Logo Danish Power IPO Logo Pranik Logistics 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 Narnolia Financial Services Ltd
Registrar Link Intime India Private Ltd Maashitla Securities Private Limited
Market Maker Prabhat Financial Services Ltd.
DRHP DRHP DRHP
RHP RHP
Anchor Investor Anchor Investor
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 Pranik Logistics IPO is up to ₹22.47 Cr. The final issue price of Danish Power IPO is and of Pranik Logistics IPO is ₹77.00 per share.

  Danish Power IPO Pranik Logistics IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹360.00 per share ₹73.00 per share
Issue Price (Upper) ₹380.00 per share ₹77.00 per share
Issue Price (Final) ₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 300 shares 1600 shares
Fresh Issue Size 52,08,000 shares 29,18,400 shares
Fresh Issue Size (Amount) up to ₹197.90 Cr up to ₹22.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 52,08,000 shares 29,18,400 shares
Issue Size Total (Amount) up to ₹197.90 Cr up to ₹22.47 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Pranik Logistics IPO opens on Oct 10, 2024. The closing date of Danish Power IPO and Pranik Logistics IPO is Oct 24, 2024, and Oct 14, 2024, respectively.

  Danish Power IPO Pranik Logistics IPO
Anchor Bid Date Oct 21, 2024 Oct 09, 2024
Issue Open Oct 22, 2024 Oct 10, 2024
Issue Close Oct 24, 2024 Oct 14, 2024
Basis Of Allotment (Tentative) Oct 25, 2024 Oct 15, 2024
Initiation of Refunds (Tentative) Oct 28, 2024 Oct 16, 2024
Credit of Share (Tentative) Oct 28, 2024 Oct 16, 2024
Listing date (Tentative) Oct 29, 2024 Oct 17, 2024
Anchor Lockin End date 1 Nov 24, 2024 Nov 14, 2024
Anchor Lockin End date 2 Jan 23, 2025 Jan 13, 2025

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Pranik Logistics IPO P/E ratio of 15.33.

  Danish Power IPO Pranik Logistics 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

Pranik Logistics Limited Financial Information (Restated)

Pranik Logistics Limited's revenue increased by 11% and profit after tax (PAT) rose by 336% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets3,842.753,568.32,352.731,404.48
Revenue2,248.896,770.086,090.623,360.96
Profit After Tax108.9406.5693.2331.54
Net Worth1,252.091,143.19736.63363.96
Reserves and Surplus442.91603.74197.18103.95
Total Borrowing1,961.831,783.951,382.09577.87
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 99.99%
Promoter Shareholding (Post-Issue) 73.49%
P/E Ratio 14.46 15.33
Market Cap ₹748.28 Cr. ₹84.78 Cr.
ROE 8.70%%
ROCE 11.79%%
Debt/Equity 1.57
EPS ₹26.29 ₹5.02
RoNW 8.70%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered while in Pranik Logistics IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Danish Power IPO and 5,55,200 shares in Pranik Logistics IPO.

  Danish Power IPO Pranik Logistics IPO
Anchor Investor Reserveration 8,20,800 shares
Market Maker Reserveration 2,60,700 shares 1,61,600 shares
QIB 5,55,200 shares
NII 4,14,400 shares
RII 9,66,400 shares
Employee 64,500 shares 0 shares
Others
Total 19,36,000 shares

Bids Received (Subscription)

Danish Power IPO subscribed in total, whereas Pranik Logistics IPO subscribed 218.02x.

  Danish Power IPO Pranik Logistics IPO
QIB (times) 35.67x
NII (times) 744.05x
Big NII (times)
Small NII (times)
RII (times) 97.21x
Employee (times)
Other (times)
Total (times) 218.02x

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