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Danish Power Ltd

Capital Goods - Electrical Equipment

Offer Period :

22nd to 24th Oct 2024

Danish Power Ltd IPO Details

IPO Date 22nd to 24th Oct 2024 Minimum Investment ₹114000 / 1 Lots
Listing Date 2024-10-29 Maximum Investment ₹114000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹197.9 Crores
Price ₹380 to ₹380 per share Fresh Issue ₹197.9 Crores
Lot Size 1 Lots (300 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 22nd to 24th Oct 2024
Listing Date 2024-10-29
Face Value ₹10 per share
Price ₹380 to ₹380 per share
Lot Size 1 Lots (300 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹114000 / 1 Lots
Maximum Investment ₹114000 / 1 Lots
Total Issue Size ₹197.9 Crores
Fresh Issue ₹197.9 Crores
Offer For Sale
Retail Discount ₹ 0

About Danish Power Ltd :

Founded in July 1985, Danish Power Limited specializes in manufacturing various types of transformers, including inverter duty transformers for renewable energy projects like solar plants and wind farms. The company also produces oil and dry-type power and distribution transformers, and control relay panels, and offers substation automation services. Danish Power’s product range includes inverter duty transformers up to 20 MVA 33 kV for solar plants and wind turbines, distribution transformers up to 5 MVA 33 kV, and power transformers up to 63 MVA 132 kV. Their panel solutions cover control relay panels, substation automation (SCADA), bus bar protection panels, and more. The company operates two advanced manufacturing facilities in Jaipur, located in the Sitapura Industrial Area and Mahindra World City. The Mahindra facility is ISO-certified for quality, environmental management, and occupational health and safety. With long-term relationships with major clients like Tata Power Solar, Waaree Renewable Technologies, and ABB India, Danish Power is recognized for timely, high-quality deliveries across various industries. Supported by an experienced management team, the company employs 343 full-time employees as of March 31, 2024, in addition to contractual staff.

Timeline

Important dates for allocation and IPO listing.

22nd Oct

IPO Starts

24th Oct

IPO Ends

25th Oct

Allotment Date

28th Oct

Initiation of Refund

28th Oct

Credit of Shares to Demat Account

29th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 73.55
Public Group 0.01 26.45

Danish Power Ltd IPO Reservation

QIB Shares Offered 976200(18.74%)
NII (HNI) Shares Offered 732900(14.07%)
Retail Shares Offered 1709400(32.82%)
Anchor Investor Shares Offered 1464300(28.12%)
Total Shares Offered 5208000
Total Shares With Anchor Investor 5208000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Danish Power Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id danishpower.smeipo@linkintime.co.in
Our Website www.linkintime.co.in

Danish Power Ltd IPO Lead Manager

1. Hem Securities Ltd

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Danish Power Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 9,76,500 73,34,400 0.0
Non Institutional Investors 9,93,600 2,73,31,800 0.0
Retail Individual Investors (RIIs) 17,09,400 5,81,65,200 0.0
emp 64,500 28,800 0.0
Total 37,44,000 9,28,60,200 1,93,884.0

Strength of Danish Power Ltd

1. Established Manufacturing facility.

2. Existing relationship with the clients.

3. Diversified Product Base.

4. Experienced and Strong Promotors/Management team.

5. Quality assurance.

Risks Involved

1. The company significantly depends upon few of the raw material suppliers for its manufacturing activities. Volatility in the supply and pricing of the company raw materials may have an adverse effect on its business, financial condition and results of operations.

2. Its may not be able to realize the amounts, partly or at all, reflected in the company Order Book which may materially and adversely affect its business, prospects, reputation, profitability, financial condition and results of operation.

3. Under-utilization of its manufacturing capacities and an inability to effectively utilize the company existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

4. The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by the company to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.

5. Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of the company major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

6. Product designing is very important part for its equipment for which the company relies on its team. Any loss or error by these employees may have an adverse effect on its equipment and operations.

7. Any failures to protect or enforce its rights to own or use trademarks and brand names and identities could have an adverse effect on the company's business and competitive position.

8. The Company has encountered certain issues and discrepancies in its corporate records and regulatory compliance, which present potential risks.

9. The restated financial statements have been provided by peer reviewed chartered accountant who is not statutory auditor of the Company.

10. Demand for its transformers and relay panels business is dependent on growth in the power generation, transmission and distribution industry & infrastructure, that may contribute to fluctuations in its results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024
Total Assets 159.78
Total Liabilities 159.78
Total Expenses 283.49
Total Revenue 
334.64
Profit After Tax 38.07
EBITDA 58
Adjusted EBITDA 0

Danish Power Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-29 83611 DANISH
INE0YU901016
₹380 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹380 ₹380
Open ₹0 ₹570
Low ₹0 ₹541.5
High ₹0 ₹598.5
Low ₹0 ₹541.5

Industry Outlook of Danish Power IPO
 

- Renewable Energy Growth: With increasing focus on sustainable energy, the demand for transformers and power equipment for renewable projects like solar and wind energy is on the rise. Danish Power Limited’s involvement in manufacturing transformers for these sectors positions it as a key player in this growing industry.

- Government Initiatives: Government policies in India, such as the National Solar Mission, are driving investments into renewable energy infrastructure. This is expected to create strong demand for products like those manufactured by Danish Power.
 

- Technological Advancements: The energy sector is witnessing rapid technological innovations, particularly in automation and smart grids. Danish Power’s products, such as control relay panels and substation automation services, cater to this emerging need for advanced technology in power management.
 

- Diverse Client Base: Danish Power’s long-term relationships with major companies like Tata Power and Torrent Power provide it with a stable client base, contributing to its steady revenue growth.
 

- Expanding Market: As countries worldwide shift towards cleaner energy sources, the global market for power transformers is expected to grow, opening up new opportunities for Danish Power Limited.

Frequently Asked Questions

What is Danish Power Ltd IPO?

Answer Field

Danish Power Ltd IPO is a SME IPO of 52,08,000 equity shares of a face value of ₹10 aggregating up to ₹197.9 Crores. The issue is priced at ₹380 to ₹380 per share. The minimum order quantity is 300 Shares. The IPO opens on October 22, 2024, and closes on October 24, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Danish Power Ltd IPO will open?

Answer Field

The Danish Power Ltd IPO opens on October 22, 2024 and closes on October 24, 2024.

What is the lot size of Danish Power Ltd?

Answer Field

Danish Power Ltd lot size is 300 shares, and the minimum amount required is ₹1,14,000.

How to apply for Danish Power Ltd IPO?

Answer Field

You can apply in Danish Power Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Danish Power Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Danish Power Ltd IPO will be done on October 25, 2024, and the allotted shares will be credited to your demat account by October 28, 2024.

When is Danish Power Ltd IPO listing date?

Answer Field

The Danish Power Ltd listing date is October 29, 2024.

Who is the registrar of Danish Power Ltd IPO?

Answer Field

The registrar of Danish Power Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Danish Power Ltd IPO?

Answer Field

The fresh issue size is ₹197.9 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Danish Power Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 300 shares and ₹1,14,000 amount.

How can I approve the UPI mandate request for Danish Power Ltd IPO?

Answer Field

To apply for Danish Power Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Danish Power Ltd?

Answer Field

The price of each Danish Power Ltd share will be ranging in between ₹380 to ₹380 per share.

What is the cut-off time for the UPI mandate for Danish Power Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 24, 2024.

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