Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Danish Power IPO is a book built issue of Rs 197.90 crores. The issue is entirely a fresh issue of 52.08 lakh shares.
Danish Power IPO bidding started from October 22, 2024 and ended on October 24, 2024. The allotment for Danish Power IPO was finalized on Friday, October 25, 2024. The shares got listed on NSE SME on October 29, 2024.
Danish Power IPO price band is set at ₹360 to ₹380 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (600 shares) amounting to ₹228,000.
Hem Securities Limited is the book running lead manager of the Danish Power IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Danish Power IPO is Hem Finlease.
Refer to Danish Power IPO RHP for detailed information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹360 to ₹380 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Fresh Issue | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,483,610 |
| Share holding post issue | 19,691,610 |
| Market Maker portion | 260,700 shares Hem Finlease |
Danish Power IPO offers 52,08,000 shares. 9,76,500 (18.75%) to QIB, 7,32,900 (14.07%) to NII, 17,09,400 (32.82%) to RII and 14,64,000 (28.11%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 14,64,000 (28.11%) |
| Market Maker Shares Offered | 2,60,700 (5.01%) |
| QIB Shares Offered | 9,76,500 (18.75%) |
| NII (HNI) Shares Offered | 7,32,900 (14.07%) |
| Retail Shares Offered | 17,09,400 (32.82%) |
| Total Shares Offered | 52,08,000 (100%) |
Danish Power IPO raises Rs 55.63 crore from anchor investors. Danish Power IPO Anchor bid date is October 21, 2024. Danish Power IPO Anchor Investors list
| Bid Date | October 21, 2024 |
| Shares Offered | 1,464,000 |
| Anchor Portion Size (In Cr.) | 55.63 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 23, 2025 |
Danish Power IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | Tuesday, October 22, 2024 |
| IPO Close Date | Thursday, October 24, 2024 |
| Basis of Allotment | Friday, October 25, 2024 |
| Initiation of Refunds | Monday, October 28, 2024 |
| Credit of Shares to Demat | Monday, October 28, 2024 |
| Listing Date | Tuesday, October 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 24, 2024 |
Investors can bid for a minimum of 300 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹114,000 |
| Retail (Max) | 1 | 300 | ₹114,000 |
| HNI (Min) | 2 | 600 | ₹228,000 |
| Lot Size Calculator | |||
The Promoters of the company are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.55% |
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.
The product portfolio of the company can be categorized as follows:
The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City.
The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing.
The company's clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
Competitive Strength
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
| 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 | ||||||||||||||||||||
The market capitalization of Danish Power IPO is Rs 748.28 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt/Equity | 0.27 |
| RoNW | 10.85 |
| PAT Margin (%) | 14.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.29 | 20.28 |
| P/E (x) | 14.46 | 18.74 |
The Net Proceeds are proposed to be used by the details as set forth below:
[Dilip Davda] The company is engaged in the manufacturing of various types of transformers and also providing substation automation services. It marked steady growth in its top lines for the reported period, but the sudden boost in bottom lines from pre-IPO periods (FY24 onwards) raises eyebrows. Well-informed investors may park funds for long term. Read detail review...
The Danish Power IPO is subscribed 126.65 times on October 24, 2024 6:20:01 PM. The public issue subscribed 79.88 times in the retail category, 104.79 times in the QIB category, and 275.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 104.79 |
| NII | 275.92 |
| Retail | 79.88 |
| Total | 126.65 |
Total Application : 455,168 (79.88 times)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Standalone | Standalone | |
| Assets | 10,813.19 | 11,645.27 |
| Revenue | 18,943.79 | 14,917.12 |
| Profit After Tax | 857.09 | 524.88 |
| Net Worth | 4,244.96 | 3,387.87 |
| Reserves & Surplus | 4,244.96 | 3,387.87 |
| Total Borrowing | 1,389.15 | 2,832.05 |
| Listing Date | October 29, 2024 |
| BSE Script Code | |
| NSE Symbol | DANISH |
| ISIN | INE0YU901016 |
| Final Issue Price | ₹380 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹380.00 |
| ₹570.00 |
| ₹541.50 |
| ₹598.50 |
| ₹598.50 |
Danish Power Limited
DTA-02-07-08, DTA Phase-II, , PO, Mahindra World
City, Mahindra World City Sanganer
Jaipur-302037
Phone: +91- 9001829230
Email: cs@danish.co.in
Website: https://www.danish.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Danish Power IPO is a SME IPO of 5,208,000 equity shares of the face value of ₹10 aggregating up to ₹197.90 Crores. The issue is priced at ₹360 to ₹380 per share. The minimum order quantity is 300 Shares.
The IPO opens on October 22, 2024, and closes on October 24, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Danish Power IPO using UPI as a payment gateway. Zerodha customers can apply in Danish Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Danish Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Danish Power IPO opens on October 22, 2024 and closes on October 24, 2024.
Danish Power IPO lot size is 300 Shares, and the minimum amount required is ₹114,000.
You can apply in Danish Power IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Danish Power IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Monday, October 28, 2024. Check the Danish Power IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
