Danish Power Limited IPO

Danish Power Limited IPO opens for subscription on October 22, 2024, and closes on October 24, 2024. The allotment for the Danish Power IPO is expected to be finalized on Friday, October 25, 2024. Danish Power IPO will be listed on NSE SME with a tentative listing date fixed as Tuesday, October 29, 2024.

Danish Power IPO price band is set at ₹360 to ₹380 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (600 shares) amounting to ₹228,000.

Danish Power IPO is a book built issue of Rs 197.90 crores. The issue is entirely a fresh issue of 52.08 lakh shares.

Danish Power IPO Details

Danish Power IPO Lot Size

Investors can bid for a minimum of 300 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Danish Power IPO Objectives

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

About Danish Power Limited

Founded in July 1985, Danish Power Limited is a leading manufacturer of transformers, specializing in solutions for renewable energy projects, including solar power plants and wind farms. Our diverse product portfolio encompasses inverter duty transformers, power transformers, distribution transformers, and control relay panels, catering to the evolving needs of the energy sector. With two state-of-the-art manufacturing facilities located in Jaipur, we adhere to stringent quality standards, backed by ISO certifications in quality management, environmental management, and occupational health and safety. Our commitment to innovation and quality has fostered long-term relationships with industry giants like Tata Power Solar, Waaree Renewable Technologies, and ABB India. With a dedicated team of 343 full-time employees, we are driven by our mission to deliver timely, high-quality solutions that support sustainable energy initiatives and enhance power generation, transmission, and distribution across various sectors.

Danish Power Limited Financial Information 

Danish Power IPO Reservation

Danish Power IPO Timeline

Danish Power IPO opens on October 22, 2024, and closes on October 24, 2024.