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Danish Power IPO: Things Smart Investors Need to Know Before Investing

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Danish Power IPO, a book-built issue of ?197.90 crores, marks an exciting opportunity for investors in the renewable energy and power sector. The company, Danish Power Limited, is well-known for manufacturing a range of transformers for solar and wind energy projects, conventional power generation, and distribution systems. With two manufacturing facilities in Jaipur, the company has built a strong market position by delivering quality products and services to top clients like Tata Power and Torrent Power.

Overview of the Company
Founded in 1985, Danish Power Limited specializes in manufacturing transformers, control panels, and automation services catering to renewable energy projects. They play a key role in providing solutions for solar and wind power generation.

Core Business and Market Position
The company is well-positioned in the energy sector, thanks to its extensive product range and commitment to delivering high-quality products. Danish Power Limited has built long-term relationships with clients, which include leading energy companies, ensuring a stable demand pipeline.

Danish Power IPO Details and Objectives

IPO Dates

October 22, 2024 – October 24, 2024

Listing Date

October 29, 2024

Price Band

?360 to ?380 per share

Total Issue Size

?197.90 Cr

Fresh Issue Size

?197.90 Cr

Listing Exchange

NSE SME

Lot Size

300 shares

Purpose of the IPO

The primary objectives of the Danish Power IPO include funding capital expenditure for the expansion of its manufacturing facilities, meeting working capital needs, and repayment of existing debt. Additionally, a portion of the proceeds will be allocated for general corporate purposes.

Timeline of Danish Power IPO

Event

Date

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

Pricing and Lot Size of Danish Power IPO

  • Price Band: ?360 to ?380 per share.
  • Minimum Lot Size: 300 shares.
  • Retail Investment (Min): ?114,000 (1 lot).
  • HNI Investment (Min): ?228,000 (2 lots).

Minimum Lot Size and Application Details

  • Retail investors can apply for 1 lot (300 shares).
  • HNI investors can apply for 2 or more lots.

How to Apply for the Danish Power IPO?

Online Application Process

  • Log in to your Bajaj Broking Demat account and select the Danish Power IPO.
  • Enter the number of shares you wish to apply for within the price band.
  • Complete the application using either UPI or the Application Supported by Blocked Amount (ASBA) method.
  • Confirm your details and apply.
  • Wait for the allotment status to be updated.

Financial Health and Performance

Key Financial Metrics

  • Revenue (FY24): ?33,463.84 lakhs
  • Profit After Tax (FY24): ?3,807.27 lakhs
  • Net Worth (FY24): ?9,201.38 lakhs
  • Debt/Equity Ratio: 0.27 as of June 2024.

Recent Performance and Growth Prospects

Danish Power has seen significant growth with strong revenue and profit margins. The company's ability to cater to renewable energy sectors, especially solar and wind, positions it for further growth. With the IPO proceeds, the expansion of manufacturing capacity will drive future revenues.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • Dependency on limited clients.
  • Fluctuating demand in renewable energy markets.
  • Rising competition in the power equipment sector.

Opportunities and Growth Potential

  • Growing demand for renewable energy transformers.
  • Strong client relationships with companies like Tata Power and Torrent Power.
  • Expanding capacity through IPO funds will enhance production capabilities.

Key Performance Indicators (KPI)

Metric

Value

ROE

11.94%

ROCE

12.30%

Debt/Equity

0.27

RoNW

10.85

PAT Margin

14.58%

Danish Power IPO Registrar

Registrar

Contact Information

Link Intime India

Phone: +91-22-4918 6270, Email: danishpower.smeipo@linkintime.co.in

Danish Power IPO Lead Managers

Lead Manager

Company

Lead Manager

Hem Securities Limited

Market Maker

Hem Finlease

Company Address of Danish Power Ltd

Company

Danish Power Limited

Address

DTA-02-07-08, Phase II, Mahindra World City, Jaipur-302037

Phone

+91-9001829230

Email

cs@danish.co.in

Conclusion

Danish Power IPO offers an investment opportunity with its growth trajectory in the renewable energy sector. With plans to expand its production capabilities, this IPO could be a key player in the green energy shift. Investors should consider both risks and opportunities before investing.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

Who is the CEO of Danish Power Ltd?

Answer Field

The CEO of Danish Power Ltd is Dinesh Talwar.

When will the Danish Power IPO open for subscription?

Answer Field

The IPO will open for subscription on October 22, 2024, and close on October 24, 2024.

What is the price band for the Danish Power IPO, and how was it determined?

Answer Field

The price band is set between ₹360 and ₹380 per share, determined based on market demand and financial performance.

What are the key risks and rewards of investing in the Danish Power IPO?

Answer Field

Key risks include market dependency and competition. However, rewards stem from the company’s growth in the renewable energy sector.

When will the Danish Power IPO shares be listed?

Answer Field

The shares are expected to be listed on October 29, 2024, on NSE SME.

The shares are expected to be listed on October 29, 2024, on NSE SME.

Answer Field

You should review the IPO’s Red Herring Prospectus (RHP) for detailed information.

What is the lock-up period details for the Danish Power IPO?

Answer Field

The lock-up period details are not available.

Will Danish Power IPO pay dividends?

Answer Field

Dividend policies depend on future earnings and are outlined in the company’s RHP.

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