Danish Power IPO Allotment Status

Summary

Danish Power IPO has received an extraordinary response from investors, closing with a remarkable subscription of 126.65 times by 24th October 2024 at 5:16:01 PM (Day 3). The public issue witnessed exceptional demand across all investor categories. The Non-Institutional Investors (NII) category led with an extraordinary subscription of 275.92 times.

The Qualified Institutional Buyers (QIB) portion showed tremendous interest with 104.79 times subscription. The Retail Investors segment demonstrated strong enthusiasm with 79.88 times subscription. Both the Anchor Investors and Market Maker portions were fully subscribed. This overwhelming response across categories resulted in 4,55,168 applications, indicating extraordinary market confidence in Danish Power's offering.

How to Check Danish Power IPO Allotment Status:

How to Check Danish Power IPO Allotment Status on the Registrar's Site?

Visit the web portal of Link Intime India Private Ltd (https://linkintime.co.in/initial_offer/public-issues.html)

From the dropdown menu, select Danish Power IPO

Choose one of the following modes: PAN ID, Demat Account number, or Application number

Enter the information relevant to the mode you have chosen

For security purposes, fill out the captcha accurately

Click "Submit"

How to Check Danish Power IPO Allotment Status on BSE

Visit the BSE  (https://www.bseindia.com/investors/appli_check.aspx)

Look for the IPO Allotment Status section

Select "Danish Power Limited" from the dropdown menu

Enter your application number and PAN ID

Click on 'I am not a robot' and then click "Search"

How to Check IPO Allotment Status in a Bank Account:

Log into your Internet Banking: Go to your bank's website or mobile app and log in

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections

Offer Required Information: Provide information like your PAN, application number, or other identifiers

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources

How to Check IPO Allotment Status in a Demat Account:

Open Your Demat Account and Log in: Use the mobile app or website of your Depository Participant (DP)

Find IPO Section: Look for the section titled "IPO" or "Portfolio"

Verify IPO Allotment Status: Check if the allocated shares are visible in your Demat account

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service

Danish Power IPO Timeline:

Danish Power IPO Subscription Status

Danish Power IPO received 126.65 times subscription with 4,55,168 applications. By 24th October 2024 at 5:16:01 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:16:01 PM)
Total Subscription: 126.65 times
QIB: 104.79 times 
NII: 275.92 times 
Retail investors: 79.88 time

Subscription Day 2
Total Subscription: 21.34 times
QIB: 7.51 times
NII: 25.43 times
Retail investors: 28.27 times

Subscription Day 1
Total Subscription: 4.19 times
QIB: 3.67 times
NII: 3.62 times
Retail investors: 4.88 times

Danish Power IPO Details

Danish Power's initial public offering (IPO) is a book built issue of ₹197.90 crores. This offering consists entirely of a fresh issue of 52.08 lakh shares.

The bidding process for the Danish Power IPO commenced on 22nd October 2024 and concluded on 24th October 2024. The allotment results for this IPO are anticipated to be finalised on 25th October 2024. Furthermore, the shares of Danish Power are set to be listed on NSE SME, with a provisional listing date scheduled for 29th October 2024.

The Danish Power IPO price band has been established between ₹360 and ₹380 per share. Investors must apply for a minimum lot size of 300 shares, which requires a minimum investment of ₹114,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (600 shares), totalling ₹228,000.

Hem Securities Limited serves as the book running lead manager for the Danish Power IPO, while Link Intime India Private Ltd is designated as the registrar for this offering. The market maker for this IPO is Hem Finlease.