Danish Power Limited is launching its IPO on October 22, 2024.
The Danish Power IPO is a book-built issue, aiming to raise ₹197.90 crores through the fresh issue of 52.08 lakh shares. Investors can participate with an IPO price band set between ₹360 and ₹380 per share. The minimum lot size for retail investors is 300 shares. The IPO allotment is expected to be finalised on October 25, with the listing set for October 29, 2024, on the NSE SME platform.
Danish Power SME IPO Details
| Detail | Information |
| IPO Opening Date | October 22, 2024 |
| IPO Closing Date | October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹360 to ₹380 per share |
| Lot Size | 300 shares |
| Total Issue Size | 52,08,000 shares (₹197.90 Cr) |
| Fresh Issue | 52,08,000 shares (₹197.90 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Book Running Lead Managers | Hem Securities Limited |
| Shareholding Pre-Issue | 14,483,610 shares |
Quick steps to apply for Danish Power Limited IPO!
Overview of Danish Power Limited
Founded in July 1985, Danish Power Limited is a manufacturer of transformers for renewable energy projects such as solar and wind power plants. The company also provides a wide range of transformers, control relay panels etc.
It currently operates from two manufacturing facilities in Jaipur.
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Danish Power Limited SME IPO| Key Details
- IPO Opening Date: October 22, 2024
- IPO Closing Date: October 24, 2024
- IPO Price Band: ₹360 to ₹380 per share
- IPO Lot Size: 300 shares
- Allotment Date: October 25, 2024
- Shares Credited to Demat: October 28, 2024
- Listing Date: October 29, 2024
Danish Power Ltd: Financial Highlights for 2024
Danish Power Limited has shown considerable growth over the past year. The company’s revenue for FY24 stood at ₹33,463.84 lakhs.
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) |
| 31 Mar 2024 | 15,977.95 | 33,463.84 | 3,807.27 | 8,213.16 |
| 30 Jun 2024 | 20,639.09 | 7,273.29 | 998.21 | 9,201.38 |
Danish Power Limited IPO: SWOT Analysis
Danish Power operates in the renewable energy sector, which is witnessing rapid growth in India. The company has long-term relationships with key clients in the power and renewable energy space, including Tata Power Solar and ABB India. However, it is exposed to intense competition from other players.
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FAQs | Danish Power Ltd IPO
Danish Power Ltd is a manufacturer of transformers and electrical components for renewable energy projects, such as solar and wind power plants.
The Danish Power IPO bidding is open from October 22, 2024, to October 24, 2024.
The IPO lot size for Danish Power is 300 shares.
The Danish Power IPO launches on October 22, 2024, and closes on October 24, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO face value is set at ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.