Danish Power IPO
IPO Listing Details
- Listing Date
29 Oct 2024
- Listing Price
₹ 570.00
- Listing Change
50.00%
- Last Traded Price
₹ 1,105.00
IPO Details
- Open Date
22 Oct 2024
- Close Date
24 Oct 2024
- IPO Price Range
₹ 360 - ₹ 380
- IPO Size
₹ 197.90 Cr
- Listing Exchange
NSE SME
- Listing Date
29 Oct 2024
IPO Timeline
Danish Power IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Oct-24 | 3.67 | 3.59 | 4.58 | 4.03 |
| 23-Oct-24 | 7.51 | 25.38 | 27.98 | 21.18 |
| 24-Oct-24 | 104.79 | 275.92 | 79.88 | 126.65 |
Last Updated: 24 October 2024 6:39 PM by 5Paisa
Danish Power IPO is set to open on 22 October 2024 and will close on 24 October 2024. Danish Power makes different types of transformers, including inverter duty transformers used in renewable energy projects like solar power plants and wind farms. These transformers help efficiently manage the power generated by renewable sources.
The IPO includes a fresh issue of 52.08 lakh shares aggregating ₹197.90 Cr and does not include OFS. The price range is set between ₹360 - ₹380 per share and the lot size is 300 shares.
The allotment is scheduled to be finalized on 25 October 2024. It will go public on NSE SME, with a tentative listing date of 29 October 2024.
Hem Securities Limited is the book running lead manager, while Link Intime India Private Ltd is the registrar.
Danish Power IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹197.90 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹197.90 Cr |
Danish Power IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹114,000 |
| Retail (Max) | 1 | 300 | ₹114,000 |
| HNI (Min) | 2 | 600 | ₹228,000 |
Danish Power IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 104.79 | 9,76,500 | 10,23,32,100 | 3,888.62 |
| NII (HNI) | 275.92 | 7,32,900 | 20,22,20,100 | 7,684.36 |
| Retail | 79.88 | 17,09,400 | 13,65,50,400 | 5,188.92 |
| Total | 126.65 | 34,83,300 | 44,11,45,800 | 16,763.54 |
Danish Power IPO Anchor Allocation
| Anchor Bid Date | 21 October, 2024 |
| Shares Offered | 1,464,000 |
| Anchor portion Size (In ₹ Cr.) | 55.63 |
| Anchor lock-in period end date for 50% shares (30 Days) | 24 November, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 23 January, 2025 |
1. Funding the expansion of the company's manufacturing facility by building a factory shed and installing additional plant and machinery.
2. Repay a portion of outstanding borrowings.
3. For general corporate needs.
4. To meet working capital requirements.
Founded in July 1985, Danish Power manufactures a variety of transformers including those for renewable energy projects like solar plants and wind farms. Their product range also includes oil and dry type power and distribution transformers, control relay panels and substation automation services.
Their products can be grouped into:
Inverter Duty Transformers up to 20 MVA for solar plants and wind turbine generators
Distribution Transformers up to 5 MVA
Power Transformers up to 63 MVA
Control Relay Panels, substation automation (SCADA), and protection panels
The company operates two factories in Jaipur, one in Sitapura Industrial Area and the other in Mahindra World City. The Mahindra facility is certified for quality, environmental and safety management.
Some of their key clients are Tata Power Solar, Waaree Renewable Technologies, Jakson Green, ABB India and Torrent Power. As of 31 March 2024, they had 343 full time employees and additional contract workers.
Peers
Indo Tech Transformers Ltd.
Shilchar Technologies Ltd.
Voltamp Transformers Ltd.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 334.64 | 189.44 | 149.17 |
| EBITDA | 53.71 | 14.87 | 9.68 |
| PAT | 38.07 | 8.57 | 5.25 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 159.78 | 116.45 | 108.13 |
| Share Capital | 1.61 | 1.61 | 1.61 |
| Total Borrowings | 12.91 | 13.85 | 28.31 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 25.71 | 28.92 | 5.65 |
| Net Cash Generated From / (used in) investing activities | -7.33 | -10.14 | -6.49 |
| Net Cash Generated From / (used in) financing activities | -4.48 | -17.86 | 2.26 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 13.90 | 0.92 | 1.41 |
Strengths
1. The company offers a wide range of products, allowing it to serve clients across multiple industries.
2. Its manufacturing units are equipped with advanced machinery and infrastructure, ensuring smooth operations that meet required manufacturing standards.
3. The company holds several ISO certifications for quality management, helping it maintain strong relationships with existing customers while attracting new ones.
Risks
1. Nearly 87% of the company's revenue comes from its top 10 clients. Losing one or more of these major customers could significantly harm its business.
2. The company needs substantial working capital to maintain growth. If it struggles to meet these requirements, its operations and financial results could suffer.
3. The company may not be able to fully realize the value of its order book, which could negatively impact its business, prospects, reputation, and profitability.
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FAQs
Danish Power IPO opens from 22 October to 24 October 2024.
The size of the Danish Power IPO is ₹197.90 Cr.
The price of the Danish Power IPO is fixed at ₹360 - ₹380 per share.
To apply for Danish Power IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Danish Power IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Danish Power IPO is 300 shares and the investment required is ₹1,08,000.
The share allotment date of Danish Power IPO is 25 October 2024.
The Danish Power IPO will be listed on 29 October 2024.
Hem Securities Limited is the book running lead manager for Danish Power IPO.
Danish Power plans to utilize the raised capital from the IPO for:
1. Funding the expansion of the company's manufacturing facility by building a factory shed and installing additional plant and machinery.
2. Repay a portion of outstanding borrowings.
3. For general corporate needs.
4. To meet working capital requirements.
Contact Information
Danish Power
Danish Power Limited
DTA-02-07-08, DTA Phase-II, , PO, Mahindra World
City, Mahindra World City Sanganer
Jaipur-302037
Phone: +91- 9001829230
Email: cs@danish.co.in
Website: https://www.danish.co.in/
Danish Power IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Danish Power IPO Lead Manager
Hem Securities Limited
