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17 October 2024

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: ₹197.90 crores
○ Type: Entirely a fresh issue of 52.08 lakh shares
● Subscription Dates:
○ Open: October 22, 2024
○ Close: October 24, 2024
● Price Band: ₹360 to ₹380 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

GMP Date	IPO Price	GMP	Last Updated
28-10-2024	380	246 (64.74%)	28-Oct-2024 13:12
27-10-2024	380	230 (60.53%)	27-Oct-2024 12:37
25-10-2024	380	300 (78.95%)	25-Oct-2024 13:10
24-10-2024	380	290 (76.32%)	24-Oct-2024 12:52
23-10-2024	380	265 (69.74%)	23-Oct-2024 12:49
22-10-2024	380	265 (69.74%)	22-Oct-2024 12:23
21-10-2024	380	215 (56.58%)	21-Oct-2024 13:11

**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 Overview

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 IPO Timeline (Tentative Schedule)

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 IPO 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 IPO Promoter Holding

Share Holding Pre Issue	99.99%
Share Holding Post Issue

Competitive Strength:

● Well-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production.
● Long-term relations with clients by providing timely and quality delivery.
● Diverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities.
● Experienced management team.

Danish Power Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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 and Surplus	8,052.23	4,244.96	3,387.87
Total Borrowing	1,011.6	1,389.15	2,832.05
Amount in ₹ Lakhs

Key Performance Indicator

	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.

FAQs for Danish Power IPO

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.
What is the Danish Power IPO Allotment Date?

The Danish Power IPO allotment date is October 25, 2024.
What is the Danish Power IPO Listing Date?

Danish Power IPO listing date is October 29, 2024. The IPO is to be listed on the NSE.
What is Danish Power's current GMP?

The current GMP of the Danish Power is 246 (64.74%).