Danish Power Limited IPO GMP Today, Date, Price, Subscription Status

Danish Power Limited IPO Overview

Danish Power IPO is a book-built issue valued at Rs 197.90 crores, comprising a fresh issue of 52.08 lakh shares. The IPO opens for subscription on October 22, 2024, and closes on October 24, 2024. The price band is set at ₹360 to ₹380 per share, with a minimum lot size of 300 shares, requiring a retail investment of ₹114,000. For HNIs, the minimum investment is 2 lots (600 shares) amounting to ₹228,000.

The IPO allotment is expected to be finalized on October 25, 2024, and the listing is tentatively scheduled for October 29, 2024, on the NSE SME platform. Hem Securities Limited is serving as the lead manager, while Link Intime India Pvt. Ltd. is the registrar  for the issue.

Refer to Danish Power IPO DRHP for detailed information.

Danish Power Limited IPO Important dates

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
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

Danish Power Limited Financial Performance

Period Ended	30 Jun 2024	31 Mar 2024
Assets	₹ 206.39 crore	₹ 159.78 crore
Revenue	₹ 72.73 crore	₹ 334.64 crore
Profit After Tax	₹ 9.98 crore	₹ 38.07 crore
Net Worth	₹ 92.01 crore	₹ 82.13 crore
Reserves and Surplus	₹ 77.53 crore	₹ 80.52 crore
Total Borrowing	₹ 23.93 crore	₹ 10.12 crore

Danish Power Limited IPO Key Performance Indicator

The market capitalization of Danish Power IPO is Rs 748.28 Cr.

KPI as of March 31, 2024.

Danish Power Limited IPO Objectives

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

1. Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein
2. To meet working capital requirements
3. Repayment of specific borrowing availed by the Company, in part or full
4. General Corporate Purpose

Danish Power Limited 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
HNI (Min)	2	600	₹228,000

Danish Power Limited IPO Details

IPO Date	October 22, 2024 to October 24, 2024
Listing Date	[October 29, 2024]
Face Value	₹10 per share
Price Band	₹360 to ₹380 per share
Lot Size	300 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
Share holding pre issue	14,483,610
Share holding post issue	19,691,610
Market Maker portion	260,700 shares

Danish Power Limited Company Overview and Services

Founded in July 1985, Danish Power Limited specializes in manufacturing a wide range of transformers, including inverter duty transformers for renewable energy projects like solar power plants and wind farms. They also produce oil and dry type power transformers, distribution transformers, control relay panels, and offer substation automation services.

Product Portfolio:

• Inverter Duty Transformers: Multi-winding up to 20 MVA 33 kV Class for solar plants and wind turbines.
• Distribution Transformers: Up to 5 MVA 33 kV Class.
• Power Transformers: Up to 63 MVA 132 kV Class.
• Control Relay Panels & Automation: Control relay panels up to 400 kV Class, substation automation (SCADA), bus bar protection panels, LT panels, and APFC panels.

Manufacturing Facilities:

Danish Power operates two state-of-the-art manufacturing plants in Jaipur—one in Sitapura Industrial Area and another in Mahindra World City. The Mahindra World City plant holds certifications for ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health & Safety Management) for design, development, and manufacturing processes.

Clientele:

The company’s prestigious clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Ltd, Jakson Green Pvt Ltd, ABB India Ltd, and Torrent Power Ltd.

Competitive Strengths:

• Advanced manufacturing facilities with cutting-edge equipment for efficient production.
• Strong long-term relationships with clients, ensuring timely and quality deliveries.
• A diverse product range catering to solar, wind, conventional power generation, transmission, sub-stations, and power utilities.
• An experienced management team driving growth and innovation.

As of March 31, 2024, Danish Power Limited had 343 full-time employees, supported by additional contractual staff.

Danish Power Limited IPO SWOT Analysis

Strengths:

1. Strong Market Presence: Danish Power Limited has established a solid presence in the power sector, which adds credibility to its IPO.
2. Fresh Issue of Shares: The IPO is entirely a fresh issue, ensuring that the funds raised will directly support the company’s growth and expansion.
3. Attractive Price Band: With a price band set at ₹360 to ₹380 per share, the company offers a potentially attractive valuation for investors.
4. Experienced Management: Backed by an experienced leadership team, Danish Power has a robust strategic direction and operational efficiency.

Weaknesses:

1. SME Listing: Being listed on the NSE SME platform may limit liquidity and trading volume, reducing visibility among large institutional investors.
2. High Retail Investment Requirement: With a minimum retail investment of ₹114,000, it might be less accessible for small retail investors.
3. Market Dependency: The company’s growth is highly dependent on the energy sector, which is vulnerable to economic and regulatory changes.

Opportunities:

1. Expansion Plans: The fresh issue allows for capital to fund future expansion, which could lead to revenue growth and enhanced market share.
2. Rising Power Demand: The growing demand for energy in India provides a significant growth opportunity for Danish Power in the long run.
3. Technological Advancements: Embracing innovations in power generation could provide a competitive edge in the market.

Threats:

1. Regulatory Risks: Changes in government policies or regulations in the power sector could impact business operations.
2. Economic Volatility: Any slowdown in the economy could affect the company’s financial performance and stock price post-IPO.
3. Competition: Intense competition in the power sector from established and emerging players could limit market share growth.

Danish Power Limited IPO GMP Details

Danish Power SME IPO last GMP is ₹290, last updated Oct 24th 2024. With the price band of 380.00, Danish Power SME IPO’s estimated listing price is ₹670 (cap price + today’s GMP).The expected percentage gain/loss per share is 76.32%.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
24-10-2024 Close	380.00	₹290	66100	₹670 (76.32%)	24-Oct-2024
23-10-2024	380.00	₹290	66100	₹670 (76.32%)	23-Oct-2024
22-10-2024 Open	380.00	₹265	60400	₹645 (69.74%)	22-Oct-2024
21-10-2024	380.00	₹265	60400	₹645 (69.74%)	21-Oct-2024
20-10-2024	380.00	₹160	36500	₹540 (42.11%)	20-Oct-2024
19-10-2024	380.00	₹150	34200	₹530 (39.47%)	19-Oct-2024
18-10-2024	380.00	₹0	—	₹380 (0%)	18-Oct-2024

Danish Power Limited IPO subscription status 

Total Application : 161,109 (28.27 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 260,700 equity shares not included.

Danish Power Limited IPO Allotment status 

The allotment status of Danish Power IPO is expected to be available on October 25, 2024.

Danish Power IPO allotment status is not available at this time. Danish Power IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Danish Power Limited IPO allotment status.

To check Danish Power IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to danishpower.smeipo@linkintime.co.in.

Danish Power Limited Contact Details

Danish Power Limited
DTA-02-07-08, DTA Phase-II, , PO, Mahindra World
City, Mahindra World City Sanganer
Jaipur-302037
Phone: +91- 9001829230
Email: cs@danish.co.in
Website: https://www.danish.co.in/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.