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Danish Power IPO vs OBSC Perfection IPO

Comparison between Danish Power IPO and OBSC Perfection IPO.

IPO Details

Danish Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while OBSC Perfection IPO is a SME Bookbuilding proposed to list at NSE SME.

 Danish Power IPOOBSC Perfection IPO
LogoDanish Power IPO LogoOBSC Perfection IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Unistone Capital Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.R.K.Stock Holding Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Danish Power IPO is up to ₹188.00 Cr whereas the issue size of the OBSC Perfection IPO is up to ₹62.69 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of OBSC Perfection IPO is ₹100.00 per share.

 Danish Power IPOOBSC Perfection IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹360.00 per share₹95.00 per share
Issue Price (Upper)₹380.00 per share₹100.00 per share
Issue Price (Final)₹380.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size300 shares1200 shares
Fresh Issue Size49,47,300 shares62,68,800 shares
Fresh Issue Size (Amount)up to ₹188.00 Crup to ₹62.69 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,47,300 shares62,68,800 shares
Issue Size Total (Amount)up to ₹188.00 Crup to ₹62.69 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while OBSC Perfection IPO opens on Oct 22, 2024. The closing date of Danish Power IPO and OBSC Perfection IPO is Oct 24, 2024, and Oct 24, 2024, respectively.

 Danish Power IPOOBSC Perfection IPO
Anchor Bid DateOct 21, 2024Oct 21, 2024
Issue OpenOct 22, 2024Oct 22, 2024
Issue CloseOct 24, 2024Oct 24, 2024
Basis Of Allotment (Tentative)Oct 25, 2024Oct 25, 2024
Initiation of Refunds (Tentative)Oct 28, 2024Oct 28, 2024
Credit of Share (Tentative)Oct 28, 2024Oct 28, 2024
Listing date (Tentative)Oct 29, 2024Oct 29, 2024
Anchor Lockin End date 1Nov 24, 2024Nov 24, 2024
Anchor Lockin End date 2Jan 23, 2025Jan 23, 2025

Financials & KPIs

Danish Power IPO P/E ratio is 14.46, as compared to OBSC Perfection IPO P/E ratio of 14.62.

 Danish Power IPOOBSC Perfection IPO
Financials

Danish Power Limited Financial Information (Restated Consolidated)

Period Ended30 Jun 202431 Mar 2024
Assets20,639.0915,977.95
Total Income7,273.2933,463.84
Profit After Tax998.213,807.27
Net Worth9,201.388,213.16
Reserves and Surplus7,753.028,052.23
Total Borrowing2,393.071,011.6
Amount in ₹ Lakhs

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,066.378,650.596,916.014,847.48
Total Income5,700.1511,611.419,691.035,672.42
Profit After Tax603.051,221.21457.39360.11
Net Worth3,610.153,007.11,785.891,328.47
Reserves and Surplus1,825.151,222.1595.89138.47
Total Borrowing4,967.824,147.253,340.481,897.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.55
P/E Ratio14.4614.62
Market Cap₹748.28 Cr.₹244.52 Cr.
ROE11.94%40.61%
ROCE12.30%31.49%
Debt/Equity0.271.38
EPS₹26.29₹6.84
RoNW10.8540.61%

Shares Offered

In the Danish Power IPO Retail Individual Investors (RII) are offered 17,09,400 shares while in OBSC Perfection IPO retail investors are offered 17,09,400 shares. Qualified Institutional Buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 12,54,000 shares in OBSC Perfection IPO.

 Danish Power IPOOBSC Perfection IPO
Anchor Investor Reserveration14,64,000 shares18,79,200 shares
Market Maker Reserveration2,60,700 shares3,33,600 shares
QIB9,76,500 shares12,54,000 shares
NII7,32,900 shares9,40,800 shares
RII17,09,400 shares21,94,800 shares
Employee64,500 shares
Others
Total49,47,300 shares62,68,800 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas OBSC Perfection IPO subscribed 16.56x.

 Danish Power IPOOBSC Perfection IPO
QIB (times)104.79x10.20x
NII (times)275.92x25.87x
Big NII (times)
Small NII (times)
RII (times)79.88x16.20x
Employee (times)
Other (times)
Total (times)126.65x16.56x