Danish Power IPO vs Onyx Biotec IPO

Comparison between Danish Power IPO and Onyx Biotec IPO.

IPO Details

Danish Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Onyx Biotec IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Danish Power IPO is up to ₹188.00 Cr whereas the issue size of the Onyx Biotec IPO is up to ₹27.85 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Onyx Biotec IPO is ₹61.00 per share.

 Danish Power IPOOnyx Biotec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹360.00 per share₹58.00 per share
Issue Price (Upper)₹380.00 per share₹61.00 per share
Issue Price (Final)₹380.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size300 shares2000 shares
Fresh Issue Size49,47,300 shares45,66,000 shares
Fresh Issue Size (Amount)up to ₹188.00 Crup to ₹27.85 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,47,300 shares45,66,000 shares
Issue Size Total (Amount)up to ₹188.00 Crup to ₹27.85 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Onyx Biotec IPO opens on Nov 13, 2024. The closing date of Danish Power IPO and Onyx Biotec IPO is Oct 24, 2024, and Nov 18, 2024, respectively.

 Danish Power IPOOnyx Biotec IPO
Anchor Bid DateOct 21, 2024Nov 12, 2024
Issue OpenOct 22, 2024Nov 13, 2024
Issue CloseOct 24, 2024Nov 18, 2024
Basis Of Allotment (Tentative)Oct 25, 2024Nov 19, 2024
Initiation of Refunds (Tentative)Oct 28, 2024Nov 20, 2024
Credit of Share (Tentative)Oct 28, 2024Nov 20, 2024
Listing date (Tentative)Oct 29, 2024Nov 22, 2024
Anchor Lockin End date 1Nov 24, 2024Dec 19, 2024
Anchor Lockin End date 2Jan 23, 2025Feb 17, 2025

Financials & KPIs

Danish Power IPO P/E ratio is 14.46, as compared to Onyx Biotec IPO P/E ratio of 26.81.

 Danish Power IPOOnyx Biotec IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 2024
Assets206.39159.78
Total Income72.73334.64
Profit After Tax9.9838.07
NET Worth92.0182.13
Reserves and Surplus77.5380.52
Total Borrowing23.9310.12
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 May 202431 Mar 202431 Mar 202331 Mar 2022
Assets74.7774.1458.7236.84
Total Income10.5453.8739.6244.98
Profit After Tax1.313.031.843.35
NET Worth26.1924.8818.2016.38
Reserves and Surplus12.8611.5612.3010.47
Total Borrowing31.5630.7829.2312.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9988.6
Promoter Shareholding (Post-Issue)73.5565.1
P/E Ratio14.4626.81
Market Cap₹748.28 Cr.₹110.61 Cr.
ROE11.944.99
ROCE12.303.71
Debt/Equity0.271.21
EPS₹26.29₹2.28
RoNW10.854.99

Shares Offered

In the Danish Power IPO Retail Individual Investors (RII) are offered 17,09,400 shares while in Onyx Biotec IPO retail investors are offered 17,09,400 shares. Qualified Institutional Buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 9,12,000 shares in Onyx Biotec IPO.

 Danish Power IPOOnyx Biotec IPO
Anchor Investor Reservation14,64,000 shares13,66,000 shares
Market Maker Reservation2,60,700 shares2,44,000 shares
QIB9,76,500 shares9,12,000 shares
NII7,32,900 shares6,88,000 shares
RII17,09,400 shares16,00,000 shares
Employee64,500 shares
Others
Total49,47,300 shares45,66,000 shares

Bids Received (Subscription)

Danish Power IPO subscribed 89.17x in total, whereas Onyx Biotec IPO subscribed 138.77x.

 Danish Power IPOOnyx Biotec IPO
QIB (times)104.79x32.49x
NII (times)275.92x602.86x
Big NII (times)
Small NII (times)
RII (times)79.88x118.26x
Employee (times)0.00x
Other (times)
Total (times)89.17x138.77x

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