QVC Exports Limited IPO And Its GMP...
24 Apr, 2025
Danish Power Limited IPO, GMP, Details, Price, And Review
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.
1. Inverter Duty Transformers (multi-winding) up to 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
2. Distribution of Transformers up to 5 MVA 33 kV Class
3. Power Transformers up to 63 MVA 132 kV Class
4. The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), BusBar Protection Panels, LT Panels, and APFC Panels.
Danish Power IPO Overview:
• Issue Size: â¹197.90 crores
· Type: Entirely a fresh issue of 52.08 lakh shares
• Subscription Dates:
· Open: October 22, 2024
· Close: October 24, 2024
• Price Band: â¹360 to â¹380 per share
• Minimum Lot Size: 300 shares
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Danish Power Limited IPO, GMP, Details, Price, And Review
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | 380 | 246(64.74%) | 2024-10-28 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Danish Power Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [.] |
| 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 |
| Shareholding pre issue | 14,483,610 |
| Shareholding post issue | 19,691,610 |
| Market Maker portion | 260,700 shares |
Danish Power Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Danish Power Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹114,000 |
| Retail (Max) | 1 | 300 | ₹114,000 |
| HNI (Min) | 2 | 600 | ₹228,000 |
Danish Power Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Danish Power Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | - |
Competitive Strength:
- -
Danish Power Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 15,977.95 | 33,463.84 | 3,807.27 | 8,213.16 | 1,011.6 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 10,813.19 | 18,943.79 | 857.09 | 4,244.96 | 1,389.15 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 11,645.27 | 14,917.12 | 524.88 | 3,387.87 | 2,832.05 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.29 | 19.33 |
| P/E (x) | 14.46 | 19.65 |
Objectives of Danish Power IPO
-
The Net Proceeds are proposed to be used by the details as set forth below:
- 1. Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of a factory shed and installation of additional plant and machinery therein.
- 2. To meet working capital requirements.
- 3. Repayment of specific borrowing availed by the Company, in part or full.
- 4. General Corporate Purpose.
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is Danish Power IPO?
Danish Power IPO is an SME IPO. The company is going to raise ₹197.90 Crores via IPO. The issue is priced at ₹360 to ₹380 per equity share. The IPO is to be listed on NSE.
-
When will the Danish Power IPO open for subscription?
The IPO is to open on October 22, 2024 for QIB, NII, and Retail Investors. The IPO will close on October 24, 2024.
-
What is the Danish Power IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Danish Power IPO Issue Size?
Danish Power IPO issue size is ₹197.90 crores.
-
What is the Danish Power IPO Price Band?
Danish Power IPO Price Band is ₹360 to ₹380.
-
What is Danish Power IPO Lot Size?
The minimum bid is 300 Shares with ₹114,000 amount.
