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
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	Hem Finlease Private Limited	Prabhat Financial Services Ltd.
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 Pranik Logistics IPO is up to ₹22.47 Cr. The final issue price of Danish Power IPO is ₹380.00 per share 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)	₹380.00 per share	₹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 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 Pranik Logistics IPO P/E ratio of 15.33.

Danish Power IPO

Pranik Logistics 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

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 Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,842.75	3,568.3	2,352.73	1,404.48
Revenue	2,248.89	6,770.08	6,090.62	3,360.96
Profit After Tax	108.9	406.56	93.23	31.54
Net Worth	1,252.09	1,143.19	736.63	363.96
Reserves and Surplus	442.91	603.74	197.18	103.95
Total Borrowing	1,961.83	1,783.95	1,382.09	577.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

73.55%

73.49%

P/E Ratio

14.46

15.33

Market Cap

₹748.28 Cr.

₹84.78 Cr.

ROE

11.94%%

8.70%%

ROCE

12.30%%

11.79%%

Debt/Equity

0.27

1.57

EPS

₹26.29

₹5.02

RoNW

10.85%

8.70%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in Pranik Logistics IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 5,55,200 shares in Pranik Logistics IPO.

	Danish Power IPO	Pranik Logistics IPO
Anchor Investor Reserveration	14,64,000 shares	8,20,800 shares
Market Maker Reserveration	2,60,700 shares	1,61,600 shares
QIB	9,76,500 shares	5,55,200 shares
NII	7,32,900 shares	4,14,400 shares
RII	17,09,400 shares	9,66,400 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	19,36,000 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas Pranik Logistics IPO subscribed 218.02x.

	Danish Power IPO	Pranik Logistics IPO
QIB (times)	104.79x	35.67x
NII (times)	275.92x	744.05x
Big NII (times)
Small NII (times)
RII (times)	79.88x	97.21x
Employee (times)
Other (times)
Total (times)	126.65x	218.02x

Compare with others

Danish Power IPO	Pranik Logistics IPO
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Premium Plast IPO	Shiv Texchem IPO
Usha Financial Services IPO	Khyati Global Ventures IPO
Freshara Agro Exports IPO	NeoPolitan Pizza and Foods IPO
Lakshya Powertech IPO	Subam Papers IPO
Pranik Logistics IPO	Paramount Dye Tec IPO

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