Danish Power Limited IPO

NiftyTrader • October 17, 2024

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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

IPO Date	October 22, 2024 to October 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	360.00 to 380.00
Lot Size	3000 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 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.

Application	Lots	Shares	Amount
Retail (Min)	1	300	₹114,000
Retail (Max)	1	300	₹114,000
S-HNI (Min)	2	600	₹228,000

Danish Power IPO Objectives

The Net Proceeds are proposed to be used by the details as set forth below:

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
To meet working capital requirements
Repayment of specific borrowing availed by the Company, in part or full
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

Period Ended	30 Jun 2024	31 Mar 2024
Assets	20,639.09	15,977.95
Revenue	7,273.29	33,463.84
Profit After Tax	998.21	3,807.27
Net Worth	9,201.38	8,213.16
Reserves and Surplus	7,753.02	8,052.23
Total Borrowing	2,393.07	1,011.6
		Amount in ₹ Lakhs

Danish Power 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 Timeline

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

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
A 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