Danish Power IPO listed @ Rs. 570

October 29, 2024 admin 1 Reply Post Comment

Danish Power IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Table of Contents

What is the business of Danish Power?

Founded in July 1985, Danish Power Limited specializes in manufacturing a wide range of transformers, including inverter duty transformers designed for renewable energy projects such as solar power plants and wind farms. The company’s offerings also encompass oil and dry type power transformers, distribution transformers, control relay panels, and comprehensive substation automation services.

Product Portfolio

Danish Power Limited’s diverse product lineup includes:

• Inverter Duty Transformers: Multi-winding transformers up to 20 MVA in the 33 kV class, specifically for solar plants and wind turbine generators.
• Distribution Transformers: Efficient solutions up to 5 MVA in the 33 kV class.
• Power Transformers: High-capacity transformers up to 63 MVA in the 132 kV class.

The company’s panel range features:

• Control Relay Panels: Up to 400 kV class.
• Substation Automation Systems (SCADA).
• Bus Bar Protection Panels.
• Low Tension (LT) Panels.
• Automatic Power Factor Correction (APFC) Panels.

Manufacturing Excellence

Danish Power operates two state-of-the-art manufacturing plants in Jaipur—one in the Sitapura Industrial Area and the other in Mahindra World City. The Mahindra World City facility is certified with:

• ISO 9001:2015: Quality Management System
• ISO 14001:2015: Environmental Management System
• ISO 45001:2018: Occupational Health and Safety Management System

These certifications underscore the company’s commitment to quality, environmental responsibility, and employee safety in the design, development, and manufacturing processes.

Trusted Partnerships

Danish Power Limited proudly serves a diverse clientele, including industry leaders such as Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.

For innovative transformer solutions that support renewable energy initiatives, trust Danish Power Limited to deliver exceptional quality and performance.

Get more information about the company @ 

Who are the Promoters of Danish Power?

The company’s promoters are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.

What are the Objects of Danish Power IPO?

The Offer comprises of fresh issue of shares

The Net Proceeds are proposed to be used by the details as set forth below:

1. Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein
2. To meet working capital requirements
3. Repayment of specific borrowing availed by the Company, in part or full

General Corporate Purpose

Danish Power IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Danish Power IPO Review

Founded in July 1985, Danish Power Limited specializes in manufacturing a wide range of transformers, including inverter duty transformers designed for renewable energy projects such as solar power plants and wind farms. The company’s offerings also encompass oil and dry type power transformers, distribution transformers, control relay panels, and comprehensive substation automation services.

Size:  Net size of the IPO is Rs.188 crore, comprising of 49,47,300 shares. IPO size is very large considering the recent trends. With 5772 applications, retail portion can get one time subscribed.Due to large number of IPOs entering the market at present, oversubscription may be difficult.
Financial Snapshot: In the fiscal year 2023-24, just prior to the IPO, the company reported a net profit of Rs.38.07 crore on total income of Rs.334.64 crore. There is sharp increase in the profits in the year just prior to the IPO and such sharp increase in profits for 2023-24 raises questions and warrants closer examination.
+ from fundamental angle: Not so attractive
+ from grey market angle: ?

Quicklinks

• Staffavailable.com
• BigGaddi.com
• ChanakyaMFGuidance.com
• Magajmari.com
• AnalysisLibrary.com

Danish Power IPO GMP today allotment, review?

Danish Power IPO GMP grey market premium

Danish Power IPO FAQs

What is Danish Power IPO?

This is a SME IPO of 5208000 equity shares of the face value of Rs. 10 aggregating up to Rs.197.90 Crores. The issue is priced at Rs.360-380 per share. The minimum order quantity is 300 Shares.

When will Danish Power IPO subscription open?

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

What is the lot size of Danish Power IPO?

Danish Power IPO lot size is 300 Shares, and the minimum amount required is Rs.114000

How to apply for Danish Power IPO?

You can apply in Danish Power 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Danish Power IPO allotment?

The finalization of Basis of Allotment for Danish Power IPO will be done on October 24, 2024, and the allotted shares will be credited to your demat account by October 28, 2024.

When is Danish Power IPO listing date?

Danish Power IPO listing date is October 29, 2024.