Danish Power IPO Date, Review, Price, Allotment Details

Danish Power IPO is opening for subscription on October 22, 2024, and closing on October 24, 2024. This NSE SME IPO aims to raise ₹197.90 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Danish Power IPO is fixed at ₹360- ₹380 Per Share, with a market lot of 300 shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Danish Power IPO Allotment will done on October 25, 2024, and Danish Power IPO listing date is October 29, 2024.

 

Danish Power Company Profile

Danish Power Limited, founded in 1985, is a prominent transformer manufacturing company based in Jaipur, India. Specializing in the production and export of power equipment, the company has made a significant mark in the power industry under the leadership of Mr. Dinesh Talwar and Mrs. Shashi Talwar. With over 35 years of experience, Danish Power has become a trusted name for providing high-quality solutions, particularly in renewable energy sectors such as wind farms and solar power plants.

The company’s product range includes:

• Oil and Dry Type Power and Distribution Transformers
• Control Relay Panels
• Substation Automation Services

Business Operations

Danish Power’s long-standing presence in the transformer manufacturing industry is backed by 39 years of experience from its founders. The company is recognized for its commitment to delivering high-quality products and services to various power projects across India and abroad. The company has an established presence in the transformer business, and its expertise covers several areas, including the manufacturing of both power and distribution transformers and providing control systems for substation automation.

Danish Power’s competitive edge lies in its focus on renewable energy projects, where its products are used extensively for the development of wind farms and solar power plants. This strategic focus aligns with the global shift towards renewable energy and positions Danish Power as a key player in sustainable energy solutions.

 

Danish Power IPO GMP

 

Danish Power IPO Objectives

The funds raised through the IPO will be utilized for:

1. Capital Expenditure: Expansion of the manufacturing facility, including the construction of a factory shed and installation of new machinery.
2. Working Capital Requirements: Enhancing operational efficiency and managing day-to-day business activities.
3. Debt Repayment: Partial or full repayment of specific borrowings to reduce financial liabilities.
4. General Corporate Purposes: Supporting various corporate needs and ensuring business growth.

 

Danish Power IPO Key Details

• Danish Power IPO Open Date: October 22, 2024
• Danish Power IPO Close Date: October 24, 2024
• Danish Power IPO Size: Approximately ₹197.90 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Danish Power IPO Price Band: ₹360- ₹380 Per Equity Share
• Danish Power IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Danish Power IPO Timeline

• Danish Power IPO Open Date: October 22, 2024
• Danish Power IPO Close Date: October 24, 2024
• Basis of Allotment: October 25, 2024
• Refunds: October 28, 2024
• Credit to Demat Account: October 28, 2024
• Danish Power IPO Listing Date: October 29, 2024

 

How to Apply for Danish Power IPO

Investors can apply for the Danish Power IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Danish Power Financial Performance (in Crores)

 

Danish Power Valuation FY2024

• Return on Equity (ROE): 60.34%
• Return on Capital Employed (ROCE): 56.97%
• EBITDA Margin: 16.15%
• Profit After Tax (PAT) Margin: 11.45%
• Debt-to-Equity Ratio: 0.12
• Earnings Per Share (EPS): ₹26.29
• Return on Net Worth (RoNW): 46.36%
• Net Asset Value (NAV): ₹56.71

 

Danish Power Peer Group

• Indo Tech Transformers Limited: EPS: ₹44.12, P/E Ratio: 53.37, RoNW: 21.58%, NAV: ₹141.93, Income: ₹509.92 Cr
• Shilchar Technologies Ltd: EPS: ₹120.48, P/E Ratio: 56.44, RoNW: 43.84%, NAV: ₹274.81, Income: ₹409.71 Cr
• Voltamp Transformers Limited: EPS: ₹303.80, P/E Ratio: 44.88, RoNW: 22.71%, NAV: ₹1,337.94, Income: ₹1,705.21 Cr

 

Danish Power Company Promoters

• Dinesh Talwar
• Shivam Talwar
• Puneet Sandhu Talwar

 

Danish Power IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in

 

Danish Power IPO Allotment Status Check

• Check the Danish Power IPO allotment status on the Link Intime India website.

 

Danish Power IPO Allotment Link

• Check the Danish Power IPO allotment on the Check Ipo Allotment website.

 

Danish Power IPO Lead Managers (Merchant Bankers)

• Hem Securities Limited

 

Danish Power Company Address

DTA-02-07-08, DTA Phase-II, PO Mahindra World
City, Mahindra World City Sanganer
Jaipur,Rajasthan-302037 India
Website: https://www.danish.co.in/
Phone: +91- 9001829230
Email: cs@danish.co.in

 

Danish Power IPO FAQs

 

What is Danish Power IPO?

Danish Power IPO is an NSE SME IPO. They are going to raise ₹197.90 Crores via IPO. The issue is priced at ₹360- ₹380 Per equity share. The IPO is to be listed on NSE.

 

When will the Danish Power IPO open?

The IPO is to open on October 22, 2024, for NII, and Retail Investors.

 

What is Danish Power IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Danish Power IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Danish Power IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Danish Power IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Danish Power IPO Size?

Danish Power IPO size is ₹197.90 Crores.

 

What is Danish Power IPO Price Band?

Danish Power IPO Price Band is ₹360- ₹380 Per equity share.

 

What is Danish Power IPO Minimum and Maximum Lot Size?

The IPO bid is 300 shares with ₹114,000.

 

What is Danish Power IPO Allotment Date?

Danish Power IPO allotment date is October 25, 2024.

 

What is Danish Power IPO Listing Date?

Danish Power IPO listing date is October 29, 2024. The IPO to list on NSE SME IPO.