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Danish Power IPO vs Usha Financial Services IPO

Comparision between Danish Power IPO and Usha Financial Services IPO.

IPO Details

Danish Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

  Danish Power IPO Usha Financial Services IPO
Logo Danish Power IPO Logo Usha Financial Services 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

Unistone Capital Pvt Ltd
Registrar Link Intime India Private Ltd Skyline Financial Services Private Ltd
Market Maker Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP
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 Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of Danish Power IPO is and of Usha Financial Services IPO is .

  Danish Power IPO Usha Financial Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹360.00 per share ₹160.00 per share
Issue Price (Upper) ₹380.00 per share ₹168.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size 300 shares 800 shares
Fresh Issue Size 52,08,000 shares 58,60,000 shares
Fresh Issue Size (Amount) up to ₹197.90 Cr up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 52,08,000 shares 58,60,000 shares
Issue Size Total (Amount) up to ₹197.90 Cr up to ₹98.45 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of Danish Power IPO and Usha Financial Services IPO is Oct 24, 2024, and Oct 28, 2024, respectively.

  Danish Power IPO Usha Financial Services IPO
Anchor Bid Date Oct 21, 2024 Oct 23, 2024
Issue Open Oct 22, 2024 Oct 24, 2024
Issue Close Oct 24, 2024 Oct 28, 2024
Basis Of Allotment (Tentative) Oct 25, 2024 Oct 29, 2024
Initiation of Refunds (Tentative) Oct 28, 2024 Oct 30, 2024
Credit of Share (Tentative) Oct 28, 2024 Oct 30, 2024
Listing date (Tentative) Oct 29, 2024 Oct 31, 2024
Anchor Lockin End date 1 Nov 24, 2024 Nov 28, 2024
Anchor Lockin End date 2 Jan 23, 2025 Jan 27, 2025

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Usha Financial Services IPO P/E ratio of 19.83.

  Danish Power IPO Usha Financial Services 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

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets35,133.6633,585.8137,222.6416,428.07
Revenue2,681.266,396.054,618.732,531.36
Profit After Tax504.161,344.951,016.55414.42
Net Worth11,106.7910,602.638,207.384,767.58
Reserves and Surplus9,519.039,014.877,265.574,109.41
Total Borrowing18,861.9418,128.2224,751.419,723.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 98.91%
Promoter Shareholding (Post-Issue) 72.24%
P/E Ratio 14.46 19.83
Market Cap ₹748.28 Cr. ₹365.19 Cr.
ROE 9.29%%
ROCE 12.02%%
Debt/Equity 1.7
EPS ₹26.29 ₹8.47
RoNW 9.29%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered while in Usha Financial Services IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Danish Power IPO and in Usha Financial Services IPO.

  Danish Power IPO Usha Financial Services IPO
Anchor Investor Reserveration 16,60,800 shares
Market Maker Reserveration 2,60,700 shares 3,20,800 shares
QIB
NII
RII
Employee 64,500 shares
Others
Total

Bids Received (Subscription)

Danish Power IPO subscribed in total, whereas Usha Financial Services IPO subscribed .

  Danish Power IPO Usha Financial Services IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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