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Danish Power Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹380
Per Share
GMP
NIL
Grey Market
Est. Listing
₹380
Expected Price
Min. Application
₹228,000
2 lots × 300 shares
IPO Issue Details
Issue Price / Price Band₹380 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size300 Shares per Lot
Total Issue Size52,08,000 shares (aggregating up to ₹197.90 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 22 Oct 2024
Subscription CloseThu, 24 Oct 2024
Anchor AllotmentMon, 21 Oct 2024
Basis of AllotmentFri, 25 Oct 2024
Initiation of RefundsMon, 28 Oct 2024
Credit of Shares to DematMon, 28 Oct 2024
Listing DateTue, 29 Oct 2024
UPI Mandate Deadline2024-10-24
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 300 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 600 shares
EPS (Pre-IPO)₹26.29
EPS (Post-IPO)₹20.28
P/E Ratio (Pre-IPO)14.46x
P/E Ratio (Post-IPO)18.74x
Net Offer to Public49,47,300 shares (aggregating up to ₹188.00 Cr)
Reserved for Market Maker2,60,700 shares (aggregating up to ₹9.91 Cr)
Pre-IPO Promoter Holding1,44,83,610 shares
Post-IPO Promoter Holding1,96,91,610 shares
About Danish Power Ltd

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:Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine GeneratorDistribution of Transformers upto 5 MVA 33 kV ClassPower Transformers upto 63 MVA 132 kV ClassThe panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.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 StrengthWell-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production.Long Term relations with clients by providing timely and quality deliveryDiverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities.Experienced management teamAs of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.

Objects of the Issue

Danish Power Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,44,83,610 shares
Post-IPO Promoter Holding 1,96,91,610 shares
Check AllotmentCheck Status →
Danish Power Ltd — Live Price LIVE
₹380.00
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Issue ₹380.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹380
GMPNIL
Est. Listing₹380
Lot Size300 shares
Min Amount₹228,000
Listing Date29 Oct 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹380
Listing Date29 Oct 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 260,700 ₹9.91 Cr
TOTAL 5,208,000 100.00% ₹197.90 Cr
* Based on ₹380.00 (upper price band)
Lot Size & Investment Details
Lot Size
300
Shares
Issue Price
₹380.00
Per Share
Min Investment
₹114,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 300 ₹114,000
Retail (Max) 13 3,900 ₹1,482,000
sNII (Min) 14 4,200 ₹1,596,000
bNII (Min) 68 20,400 ₹7,752,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars30 Jun 202431 Mar 2024FY 2022-23
Revenue from Operations 7273.29 33463.84 N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 998.21 3807.27 N/A
Net Worth 9201.38 8213.16 N/A
Total Assets 20639.09 15977.95 N/A
Reserves & Surplus 7753.02 8052.23 N/A
Total Borrowings 2393.07 1011.60 N/A
Key Ratios & Valuation
Issue Price ₹380
Face Value ₹10 Per Share
P/BV N/A
RoE 11.94%
RoCE 12.30%
RoNW 10.85
PAT Margin (%) 14.58%
EBITDA Margin (%) N/A
Debt / Equity 0.27
Company Details
Company
Danish Power Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
DTA-02-07-08, DTA Phase-II, PO, Mahindra World City Sanganer Jaipur, Rajasthan, 302037
Book Running Lead Managers
Hem Securities Ltd
Book Running Lead Manager (BRLM)