Danish Power Limited has established itself as a prominent manufacturer and exporter of high-quality power equipment from India. The company is committed to building a legacy focused on the future, ensuring that it meets the evolving challenges and expectations of its customers and the industry.

The Initial Public Offering (IPO) for Danish Power is a Book Built Issue amounting to ₹197.90 crores, consisting entirely of a fresh issue of 52.08 lakh shares. The subscription period opens on October 22, 2024, and closes on October 24, 2024. The allotment is expected to be finalized on or around October 25, 2024, with shares listed on the NSE SME, targeting a tentative listing date around October 29, 2024.

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

The IPO is managed by HEM SECURITIES LIMITED as the book-running lead manager, and Link Intime India Private Limited acts as the registrar for the issue. Hem Finlease Private Limited will serve as the Market Maker for the Danish Power IPO.

Danish Power Limited IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Danish Power is currently expected to be ₹120, suggesting positive market speculation regarding the IPO's performance. However, it is important to note that GMP is based on unregulated trading and should be considered for informational purposes only.

Danish Power Limited IPO Live Subscription Status Today

As of 6:15 PM on October 24, 2024, the Danish Power IPO has been subscribed 117.10 times on its final day of the subscription period. Investors can check the live subscription status on the NSE website.

Danish Power Limited IPO Anchor Investors Report

Danish Power has raised ₹55.63 crores from anchor investors at a price of ₹380 per share, allocating 14,64,000 equity shares to these investors. Shares allotted to anchor investors come from the Qualified Institutional Buyers (QIBs) reservation portion.

Danish Power Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online

The allotment date for the Danish Power IPO is set for October 25, 2024. To check your allotment status, follow these steps:

• 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 these steps, investors can easily verify their allotment status and take the necessary actions.

Objectives of Danish Power Limited IPO

The proceeds from the fresh issue will be allocated towards:

1. ₹3,699.47 lakhs for funding capital expenditure towards the expansion of the manufacturing facility, including building a factory shed and installing additional machinery.
2. ₹8,500.00 lakhs to meet working capital requirements.
3. ₹2,000.00 lakhs for repayment of certain borrowings availed by the company, either partially or fully.
4. General corporate purposes.

Danish Power IPO Review

Danish Power has carved a niche as a quality-conscious power equipment manufacturer, striving to uphold the skills and expertise expected by its customers. The company reports revenues from operations for FY2024 at ₹33,463.84 lakhs, with an EBITDA of ₹5,371.14 lakhs and a profit after tax of ₹3,807.27 lakhs.

For the IPO, Danish Power is offering shares at a pre-issue EPS of ₹26.29 and a post-issue EPS of ₹19.33. The pre-issue P/E ratio stands at 14.45x, while the post-issue P/E ratio is 19.65x, compared to an industry P/E ratio of 48.14x. The company boasts a Return on Capital Employed (ROCE) of 56.98% and a Return on Equity (RoE) of 60.35%, indicating the IPO is fairly priced.

The company’s growth is driven by its promoter, Mr. Dinesh Talwar, who has 39 years of industry experience, and Shivam Talwar, the Managing Director with 17 years of experience in the transformer manufacturing sector.

With a Grey Market Premium (GMP) indicating potential listing gains of 31%, we recommend risk-tolerant investors to apply for the Danish Power Limited IPO for potential listing gains.

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