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Danish Power IPO is a book build issue of ₹197.90 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹197.90 crore.
Danish Power IPO bidding started from Oct 22, 2024 and ended on Oct 24, 2024. The allotment for Danish Power IPO was finalized on Oct 25, 2024. The shares got listed on NSE SME on Oct 29, 2024.
Danish Power IPO price band is set at ₹380.00 per share . The lot size for an application is 300. The minimum amount of investment required by an retail is ₹1,08,000 (300 shares). The minimum lot size investment for HNI is 2 lots (600 shares), amounting to ₹2,28,000.
The issue includes a reservation of up to 64,500 shares for employees offered at a discount of ₹0.00 to the issue price.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Danish Power IPO RHP for detailed Information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹360 to ₹380 per share |
| Issue Price Final | ₹380 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,08,000 shares (aggregating up to ₹197.90 Cr) |
| Reserved for Market Maker | 2,60,700 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹9.91 Cr) |
| Net Offered to Public | 49,47,300 shares (aggregating up to ₹188.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,44,83,610 shares |
| Share Holding Post Issue | 1,96,91,610 shares |
Danish Power IPO offers total 52,08,000 shares. Out of which 24,40,500 (46.86%) allocated to QIB, 9,76,500 (18.75%) allocated to QIB, 7,32,900 (14.07%) allocated to NII, 17,09,400 (32.82%) allocated to RII and 14,64,000 (28.11%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,700 (5.01%) |
| QIB Shares Offered | 24,40,500 (46.86%) |
| − Anchor Investor Shares Offered | 14,64,000 (28.11%) |
| − QIB (Ex. Anchor) Shares Offered | 9,76,500 (18.75%) |
| NII (HNI) Shares Offered | 7,32,900 (14.07%) |
| Retail Shares Offered | 17,09,400 (32.82%) |
| Employee Shares Offered | 64,500 (1.24%) |
| Total Shares Offered | 52,08,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Danish Power IPO raises ₹55.63 crore from anchor investors. Danish Power IPO Anchor bid date is October 21, 2024. Danish Power IPO Anchor Investors list
| Bid Date | October 21, 2024 |
| Shares Offered | 14,64,000 |
| Anchor Portion Size (In Cr.) | 55.63 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 23, 2025 |
Danish Power IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | Tue, Oct 22, 2024 |
| IPO Close Date | Thu, Oct 24, 2024 |
| Tentative Allotment | Fri, Oct 25, 2024 |
| Initiation of Refunds | Mon, Oct 28, 2024 |
| Credit of Shares to Demat | Mon, Oct 28, 2024 |
| Tentative Listing Date | Tue, Oct 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 24, 2024 |
Investors can bid for a minimum of 300 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,14,000 |
| Retail (Max) | 1 | 300 | ₹1,14,000 |
| HNI (Min) | 2 | 600 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.
The product portfolio of the company can be categorized as follows:
The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City.
The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing.
The company's clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
Competitive Strength
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 |
| Assets | 20,639.09 | 15,977.95 |
| Total Income | 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 | ||
The market capitalization of Danish Power IPO is ₹748.28 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt/Equity | 0.27 |
| RoNW | 10.85 |
| PAT Margin | 14.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 26.29 | 20.28 |
| P/E (x) | 14.46 | 18.74 |
The Net Proceeds are proposed to be used by the details as set forth below:
[Dilip Davda] The company is engaged in the manufacturing of various types of transformers and also providing substation automation services. It marked steady growth in its top lines for the reported period, but the sudden boost in bottom lines from pre-IPO periods (FY24 onwards) raises eyebrows. Well-informed investors may park funds for long term. Read detail review...
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Standalone | Standalone | |
| Assets | 10,813.19 | 11,645.27 |
| Revenue | 18,943.79 | 14,917.12 |
| Profit After Tax | 857.09 | 524.88 |
| Net Worth | 4,244.96 | 3,387.87 |
| Reserves & Surplus | 4,244.96 | 3,387.87 |
| Total Borrowing | 1,389.15 | 2,832.05 |
| Listing Date | October 29, 2024 |
| BSE Script Code | |
| NSE Symbol | DANISH |
| ISIN | INE0YU901016 |
| Final Issue Price | ₹380 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹380.00 |
| Open | ₹570.00 |
| Low | ₹541.50 |
| High | ₹598.50 |
| Last Trade | ₹598.50 |
Danish Power Ltd.
DTA-02-07-08, DTA Phase-II,
PO,
Mahindra World City Sanganer
Jaipur, Rajasthan, 302037
Phone: +91- 9001829230
Email: cs@danish.co.in
Website: https://www.danish.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Danish Power IPO is a SME IPO of 52,08,000 equity shares of the face value of ₹10 aggregating up to ₹197.90 Crores. The issue is priced at ₹380 per share. The minimum order quantity is 300.
The IPO opens on October 22, 2024, and closes on October 24, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Danish Power IPO using UPI as a payment gateway. Zerodha customers can apply in Danish Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Danish Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Danish Power IPO opens on October 22, 2024 and closes on October 24, 2024.
Danish Power IPO lot size is 300, and the minimum amount required for application is ₹1,14,000.
You can apply in Danish Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Danish Power IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Monday, October 28, 2024. Check the Danish Power IPO allotment status.
The Danish Power IPO listing date is on Tuesday, October 29, 2024.
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