Danish Power Limited IPO GMP

Danish Power Limited takes pride in being recognized as one of the leading quality conscious power equipment manufacturers and exporters from India. At Danish, they believe in building a legacy by looking at the future. They continue to foster an organization that retains the skills and expertise that their customers and industry expect and plan to meet the emerging challenges.

Danish Power, an Book Built Issue amounting to ₹197.90 Crores, consisting entirely an Fresh Issue of 52.08 Lakh Shares. The subscription period for the Danish Power IPO opens on October 22, 2024, and closes on October 24, 2024. The allotment is expected to be finalized on or about Friday, October 25, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, October 29, 2024.

The Share price band Danish Power IPO is set at ₹360 to ₹380 equity per share, with a minimum lot size of 300 shares. Retail investors are required to invest a minimum of ₹1,14,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (600 shares), amounting to ₹2,28,000.

HEM SECURITIES LIMITED is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. Hem Finlease Private Limited will act as Market Maker for the Danish Power IPO.

Danish Power Limited IPO GMP Today
The Grey Market Premium of Danish Power Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Danish Power Limited IPO Live Subscription Status Today: Real-Time Updates
Danish Power IPO will be open for its subscription on 21st October, 2024.

Danish Power Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Danish Power IPO allotment date is 25 October, 2024, Friday. Danish Power IPO Allotment will be out on 25th October 2024 and will be live on Registrar Website from the allotment date. Check Danish Power Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Danish Power Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Danish Power Limited IPO
Danish Power Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹3,699.47 Lakhs will be used for Funding capital expenditure towards expansion of the manufacturing facility of the Company by building of factory shed and installation of additional plant and machinery therein 
2) ₹8,500.00 Lakhs will be used to meet working capital requirements. 
3) ₹2,000.00 Lakhs will be used for Repayment of certain borrowing availed by the Company, in part or full. 
4) General Corporate Purpose.

Refer to Danish Power Limited RHP for more details about the Company.