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Home All IPOs Danish Power Ltd IPO
Danish Power Ltd IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹380
Issue Price
₹380
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹380
GMP based
Lot Size
300
shares / lot
Min Amount
₹114,000
1 lot · 300 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
22 Oct 2024
Tue Completed
Done
Close Date
24 Oct 2024
Thu Completed
Done
Allotment
25 Oct 2024
Fri Completed
Done
Refund
28 Oct 2024
Mon Completed
Done
Demat Credit
28 Oct 2024
Mon Completed
Done
Listing Date
29 Oct 2024
Tue Completed
UPI Deadline: 24 Oct 2024
Issue Details
Pricing & Size
Issue Price
₹380 Face ₹10
Lot Size
300 shares
Min Investment
₹114,000
Total Issue Size
52,08,000 shares (aggregating up to ₹197.90 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,60,700 (5.01%)
QIB Portion
24,40,500 (46.86%)
NII / HNI
7,32,900 (14.07%)
Retail
17,09,400 (32.82%)
Employee
-
Net Offer to Public
49,47,300 shares (aggregating up to ₹188.00 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,44,83,610 shares
Post-Issue Shareholding
1,96,91,610 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 300 ₹1,14,000
HNI / NII 2 600 ₹2,28,000
Objects of Issue
4 objectives
1
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
2
To meet working capital requirements
3
Repayment of specific borrowing availed by the Company, in part or full
4
General Corporate Purpose
Lead Managers & Market Maker
Book Running Lead Managers
Hem Securities Ltd
Market Maker
Hem Finlease Pvt.Ltd.
IPO Timeline
Open
22 Oct
✓ Done
Close
24 Oct
✓ Done
Allotment
25 Oct
✓ Done
Listing
29 Oct
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
danishpower.smeipo@linkintime.co.in
Company Contact
Email
cs@danish.co.in
Phone
+91- 9001829230
Address
DTA-02-07-08, DTA Phase-II, PO, Mahindra World City Sanganer Jaipur, Rajasthan, 302037
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹380
Est. Listing
₹380
Lot Size
300 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Danish Power Ltd LIVE
INR ·
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Open
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P/E
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| Price
Market Reference
IPO Issue Price
₹380
GMP
+₹0 (+0%)
GMP Est. Listing
₹380
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 24,40,500 (46.86%) ₹9,273.90 Cr
NII / HNI (Total) 7,32,900 (14.07%) ₹2,785.02 Cr
Retail Investors 17,09,400 (32.82%) ₹6,495.72 Cr
Total ** 52,08,000 (100.00%) ₹197,904.00 Cr
Market Maker * 2,60,700 (5.01%) ₹99.07 Cr
* Based on ₹380.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
24,40,500 (46.86%)
NII
7,32,900 (14.07%)
Retail
17,09,400 (32.82%)
Market Maker
2,60,700 (5.01%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric30 Jun 202431 Mar 2024
Revenue7273.2933463.84
PAT998.213807.27
EBITDA
Net Worth9201.388213.16
Total Assets20639.0915977.95
Reserves7753.028052.23
Borrowings2393.071011.60
Key Financial Ratios
11.94%
ROE
Return on Equity
12.30%
ROCE
Return on Capital Employed
10.85
RONW
Return on Net Worth
14.58%
PAT Margin
PAT / Revenue
0.27
D/E Ratio
Debt to Equity
26.29
Pre EPS
EPS Pre-Issue
20.28
Post EPS
EPS Post-Issue
14.46
Pre P/E
P/E Pre-Issue
18.74
Post P/E
P/E Post-Issue
About Danish Power Ltd

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:

  1. Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
  2. Distribution of Transformers upto 5 MVA 33 kV Class
  3. Power Transformers upto 63 MVA 132 kV Class
  4. The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.

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

  • 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

As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.

Frequently Asked Questions
What is the issue price of Danish Power Ltd IPO?
The issue price of Danish Power Ltd IPO is ₹380 per share, face value ₹10.
What is the lot size?
Minimum lot size is 300 shares, requiring ₹114,000.
What are the IPO dates?
Opens 22 Oct 2024, closes 24 Oct 2024.
When is the listing date?
Tentative listing: 29 Oct 2024 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹380 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Danish Power Ltd IPO · Expected 25 Oct 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
25 Oct 2024
Refund Initiation
28 Oct 2024
Demat Credit
28 Oct 2024
Listing Date
29 Oct 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹380
Face ₹10
Lot Size
300
shares / lot
Min Amount
₹114,000
1 lot
Est. Listing
₹380
GMP +₹0
Key Dates
Open
22 Oct Done
Close
24 Oct Done
Listing
29 Oct Done
Registrar
MUFG Intime India Pvt.Ltd.
A
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