Danish Power Limited IPO

NSE SME

Listed On: Oct 29, 2024 at ₹ 570.0

₹ 114000 /300 Shares

Check Allotment

Danish Power IPO Details

22 Oct, 2024

Open Date

24 Oct, 2024

Close Date

25 Oct, 2024

Allotment Date

29 Oct, 2024

Listing Date

Issue Price

₹360-380 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

570.0

Listing Date

2024-10-29

Market Lot

300 Shares (₹114,000/-)

Lead Manager

Hem Securities Limited

Issue Size

5,208,000 shares(aggregating up to ₹197.90 Cr)

Retail Portion

35%

Subscription

126.72 times

IPO Docs

DRHP RHP

The IPO of Danish Power is priced at ₹360-380 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Link Intime India Private Ltd is the registrar of the issue.

Danish Power IPO bid opening date is from Oct 22, 2024 and the bid closing date was Oct 24, 2024.
Danish Power IPO allotment result will be available on Oct 25, 2024. The tentative listing date for Danish Power is Oct 29, 2024.

The total issue size is 5,208,000 shares(aggregating up to ₹197.90 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	976,500 / 732,900	1,709,400	3,483,300
Day 1 - 22-10-24 06:00 PM	3.67 / 3.62 x	4.88 x	4.19 x
Day 2 - 23-10-24 06:00 PM	7.51 / 25.43 x	28.27 x	21.34 x
Day 3 - 24-10-24 06:00 PM	104.79 / 276.27 x	79.88 x	126.72 x

Total No. of Applications: 4,55,168 (Approx)

Danish Power Valuations

EPS Pre IPO

₹26.29/-

EPS Post IPO

₹19.33/-

P/E Pre IPO

14.46

P/E Post IPO

19.65

ROE

11.94%

ROCE

12.30%

Debt/Equity

0.27

RoNW

10.85

PAT Margin

14.58

Danish Power Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	15,977.95	10,813.19	11,645.27
Revenue	33,463.84	18,943.79	14,917.12
Profit After Tax	3,807.27	857.09	524.88
Net Worth	8,213.16	4,244.96	3,387.87
Reserves & Surplus	8,052.23	N/A	N/A
Total Borrowing	1,011.6	1,389.15	2,832.05

About The Company

Danish Power Limited is a manufacturing company that was founded in July 1985. It produces all kinds of transformers, including inverter duty transformers, which are used in renewable power projects, such as solar power plants and wind farms. Other products made by the company include oil and dry type power and distribution transformers, control relay panels, and substation automation services.

The product portfolio of the company can be categorized into:
Inverter Duty Transformers (multi-winding) up to 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
Distribution of Transformers up to 5 MVA 33 kV Class
Power Transformers up to 63 MVA 132 kV Class
The range of the panel includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.

There are two manufacturing plants that operate within Jaipur: Sitapura Industrial Area and Mahindra World City.

Mahindra World City has design, development, and manufacturing capabilities. It is ISO 9001:2015 certified for a Quality Management System, ISO 14001:2015 certified for an Environmental Management System, and ISO 45001:2018 certified for an Occupational Health and Safety Management System.

Amongst the clients, the company caters to the likes of Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited, among others.

As of 31 March, 2024, the company has 343 employees working full time and also recruits personnel on contract.

Danish Power - Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.55%

Company Promoter(s)

Dinesh Talwar
Shivam Talwar
Puneet Sandhu Talwar

Danish Power IPO - Issue Objectives

Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein
To meet working capital requirements
Repayment of specific borrowing availed by the Company, in part or full
General Corporate Purpose

Other Details

Company Contact Details

Danish Power

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/

Registrar Contact Details

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

Danish Power IPO - FAQs

Ans. Danish Power Limited IPO is a SME IPO. The issue is priced at ₹360-380 per equity share. The minimum order quantity is 300 Shares. The IPO opens on Oct 22, 2024, and closes on Oct 24, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Danish Power Limited IPO opens on Oct 22, 2024 and closes on Oct 24, 2024.

Ans. The size of Danish Power Limited IPO is 5,208,000 shares(aggregating up to ₹197.90 Cr).

Ans. The IPO price band is set between ₹360-380 per equity share.

Ans. To apply for Danish Power Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Danish Power Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Danish Power Limited IPO is Oct 25, 2024.

Ans. The Danish Power Limited IPO will be listed on Oct 29, 2024.

Ans. Follow the steps to check the allotment status for Danish Power Limited IPO here.