Comparison between Danish Power IPO and Usha Financial IPO.
Danish Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Usha Financial IPO is a SME Bookbuilding proposed to list at NSE SME.
| Danish Power IPO | Usha Financial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Hem Securities Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Danish Power IPO is up to ₹188.00 Cr whereas the issue size of the Usha Financial IPO is up to ₹93.06 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Usha Financial IPO is ₹168.00 per share.
| Danish Power IPO | Usha Financial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹360.00 per share | ₹160.00 per share |
| Issue Price (Upper) | ₹380.00 per share | ₹168.00 per share |
| Issue Price (Final) | ₹380.00 per share | ₹168.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 300 shares | 800 shares |
| Fresh Issue Size | 49,47,300 shares | 55,39,200 shares |
| Fresh Issue Size (Amount) | up to ₹188.00 Cr | up to ₹93.06 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 49,47,300 shares | 55,39,200 shares |
| Issue Size Total (Amount) | up to ₹188.00 Cr | up to ₹93.06 Cr |
Danish Power IPO opens on Oct 22, 2024, while Usha Financial IPO opens on Oct 24, 2024. The closing date of Danish Power IPO and Usha Financial IPO is Oct 24, 2024, and Oct 28, 2024, respectively.
| Danish Power IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Bid Date | Oct 21, 2024 | Oct 23, 2024 |
| Issue Open | Oct 22, 2024 | Oct 24, 2024 |
| Issue Close | Oct 24, 2024 | Oct 28, 2024 |
| Basis Of Allotment (Tentative) | Oct 25, 2024 | Oct 29, 2024 |
| Initiation of Refunds (Tentative) | Oct 28, 2024 | Oct 30, 2024 |
| Credit of Share (Tentative) | Oct 28, 2024 | Oct 30, 2024 |
| Listing date (Tentative) | Oct 29, 2024 | Oct 31, 2024 |
| Anchor Lockin End date 1 | Nov 24, 2024 | Nov 28, 2024 |
| Anchor Lockin End date 2 | Jan 23, 2025 | Jan 27, 2025 |
Danish Power IPO P/E ratio is 14.46, as compared to Usha Financial IPO P/E ratio of 19.83.
| Danish Power IPO | Usha Financial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Danish Power Limited Financial Information (Restated Consolidated)
| Usha Financial Services Limited Financial Information (Restated)Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 98.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | 72.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.46 | 19.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹748.28 Cr. | ₹365.19 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 11.94% | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.30% | 12.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.27 | 1.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹26.29 | ₹8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.85 | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Danish Power IPO Retail Individual Investors (RII) are offered 17,09,400 shares while in Usha Financial IPO retail investors are offered 17,09,400 shares. Qualified Institutional Buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 11,08,000 shares in Usha Financial IPO.
| Danish Power IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,64,000 shares | 16,60,800 shares |
| Market Maker Reserveration | 2,60,700 shares | 3,20,800 shares |
| QIB | 9,76,500 shares | 11,08,000 shares |
| NII | 7,32,900 shares | 8,31,200 shares |
| RII | 17,09,400 shares | 19,39,200 shares |
| Employee | 64,500 shares | |
| Others | ||
| Total | 49,47,300 shares | 55,39,200 shares |
Danish Power IPO subscribed 126.65x in total, whereas Usha Financial IPO subscribed 19.37x.
| Danish Power IPO | Usha Financial IPO | |
|---|---|---|
| QIB (times) | 104.79x | 10.04x |
| NII (times) | 275.92x | 28.55x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 79.88x | 20.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 126.65x | 19.37x |
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