Danish Power Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 360 to ₹ 380 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 52,08,000 shares (aggregating up to ₹ 197.90 Cr) |
| Fresh Issue | 52,08,000 shares (aggregating up to ₹ 197.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,44,83,610 |
| Shareholding post issue | 1,96,91,610 |
| Market Maker portion | 2,60,700 shares |
About Danish Power Limited IPO, GMP, Details, Price, And Review
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.
1. Inverter Duty Transformers (multi-winding) up to 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
2. Distribution of Transformers up to 5 MVA 33 kV Class
3. Power Transformers up to 63 MVA 132 kV Class
4. The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), BusBar Protection Panels, LT Panels, and APFC Panels.
Danish Power IPO Overview:
• Issue Size: ₹197.90 crores
· Type: Entirely a fresh issue of 52.08 lakh shares
• Subscription Dates:
· Open: October 22, 2024
· Close: October 24, 2024
• Price Band: ₹360 to ₹380 per share
• Minimum Lot Size: 300 shares
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd
Danish Power Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Objectives of Danish Power IPO
-
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 a 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, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 33,463.84 Cr
Profit After Tax
₹ 3,807.27 Cr
Net Worth
₹ 8,213.16 Cr
Total Borrowing
₹ 1,011.6 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 15,977.95 | 33,463.84 | 3,807.27 | 8,213.16 | 1,011.6 |
| 31 Mar 2023 | 10,813.19 | 18,943.79 | 857.09 | 4,244.96 | 1,389.15 |
| 31 Mar 2022 | 11,645.27 | 14,917.12 | 524.88 | 3,387.87 | 2,832.05 |
| Amount in ₹ Crore | |||||
Danish Power Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Danish Power Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹24664, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹25044, which is 6490.53% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹380 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹24664 and a lot size of 300 shares.
Danish Power Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | ₹380 | ₹246(64.74%) | 2024-10-28 |
Danish Power Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.29 | 19.33 |
| P/E (x) | 14.46 | 19.65 |
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Competitive Strengths
Danish Power Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹ 1,14,000 |
| Retail (Max) | 1 | 300 | ₹ 1,14,000 |
| HNI (Min) | 2 | 600 | ₹ 2,28,000 |