The Danish Power IPO is a book-built issue worth Rs 197.90 crores, consisting entirely of a fresh issue of 52.08 lakh shares.
Subscription opens on October 22, 2024, and closes on October 24, 2024. The allotment will be finalized on October 25, 2024, with a tentative listing date on the NSE SME set for October 29, 2024.
Danish Power Limited operates in the power and energy sector. They specialize in manufacturing various types of transformers, including inverter duty transformers for renewable power projects like solar and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.
The price band is set at ₹360 to ₹380 per share. The minimum lot size is 300 shares, requiring a retail investment of at least ₹114,000. For HNIs, the minimum investment is 2 lots (600 shares), amounting to ₹228,000.
Hem Securities Limited is the book-running lead manager, and Link Intime India Private Ltd is the registrar for the issue.
Danish Power IPO Details:
| Company Name | Danish Power Limited |
| Sector | Power and Energy |
| IPO Type | SME |
| IPO Open date | 22nd Oct 2024 |
| IPO Close date | 24th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Danish Power IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 300 | 1,14,000 |
| HNI (Min) | 2 | 600 | 2,28,000 |
Danish Power IPO Timeline:
| IPO Open Date | 22nd Oct 2024 |
| IPO Close Date | 24th Oct 2024 |
| Basis of Allotment | 25th Oct 2024 |
| Refund Initiation Date | 28th Oct 2024 |
| Shares Credit to Demat | 28th Oct 2024 |
| Listing Date | 29th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Danish Power’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Power and Energy Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Danish Power and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
