Danish Power Limited
Bookbuilding IPO · NSE
- Price band
- ₹360 - ₹380
- Lot size
- 300 shares
- Issue amount
- ₹197.9 cr
- Total subscription
- 126.72×
- Opens
- 22 Oct 2024
- Closes
- 24 Oct 2024
- Allotment
- 25 Oct 2024
- Listing
- 29 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 52,08,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹197.9 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,14,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,44,83,610
- Shares after issue
- 1,96,91,610
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 300 | ₹1,14,000 |
| HNI | 2 | 600 | ₹2,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 98 |
| NIB | — | 33,187 |
| RETAIL | — | 4,55,174 |
| EMPRET | — | 62 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 37.11 | 3,888.62 |
| RETAIL | 64.96 | 5,188.98 |
| EMPLOYEES | 2.45 | 1.64 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 |
|---|---|---|
| EPS | 6.89 | 26.29 |
| ROE | 11.94 | 60.34 |
| ROCE | 12.3 | 56.97 |
| RONW | 10.85 | 46.36 |
| PRE IPO(PE) | 14.46 | 0 |
| POST IPO(PE) | 18.74 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Danish Power Limited, established in July 1985, is a leading manufacturer of transformers, specializing in inverter duty transformers for renewable energy projects like solar and wind farms. Their product range includes solar plant transformers up to 20 MVA 33 kV, wind turbine transformers, distribution transformers up to 5 MVA 33 kV, and power transformers up to 63 MVA 132 kV. They also produce control relay panels up to 400 kV and offer substation automation services, including SCADA, Bus Bar Protection, LT Panels, and APFC Panels. Operating from two manufacturing plants in Jaipur—one in Sitapura Industrial Area and another in Mahindra World City—the company follows strict quality, environmental, and safety standards with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. As of March 31, 2024, Danish Power employed 343 full-time staff along with contractual workers.
Strengths
- State-of-the-Art Manufacturing: Danish Power’s advanced facilities ensure efficient, high-quality production and on-time delivery.
- Trusted Client Partnerships: Strong, long-term relationships with customers, backed by reliable service and quality, help maintain loyalty and trust.
- Versatile Product Range: Serving industries like renewable energy, power generation, and utilities, the company stays adaptable and well-positioned in the market.
Risk factors
- Reliance on Key Suppliers: Depending on a few suppliers for raw materials can lead to price fluctuations and supply delays, which may impact Afcons' operations and profitability.
- Uncertainty in Project Revenue: Not all planned projects may generate the expected revenue, which could affect the company’s growth and financial performance.
- Manufacturing Efficiency Challenges: If production facilities are not fully utilized, costs may rise, reducing profitability and potentially affecting future business performance.
Promoters
Dinesh Talwar
Shivam Talwar
Puneet Sandhu Talwar
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
DTA-02-07-08, DTA Phase-II PO, Mahindra World, City, Mahindra World City Sanganer, Jaipur-302037
+91- 9001829230
[email protected]Company website ↗Understanding DANISH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.