Danish Power Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 22-10-2024 | 24-10-2024 | 10 per share | 380 | 300 Shares | NSE SME | 5,208,000 shares (aggregating up to ₹197.90 Cr) | 2024-10-25 00:00:00 | 2024-10-28 00:00:00 | 2024-10-28 00:00:00 | 29-10-2024 |
About The Company
Danish Power IPO is a book built issue of Rs 197.90 crores. The issue is entirely a fresh issue of 52.08 lakh shares.
Danish Power IPO opens for subscription on October 22, 2024 and closes on October 24, 2024. The allotment for the Danish Power IPO is expected to be finalized on Friday, October 25, 2024. Danish Power IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 29, 2024.
Danish Power IPO price band is set at ₹360 to ₹380 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (600 shares) amounting to ₹228,000.
Hem Securities Limited is the book running lead manager of the Danish Power IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Danish Power IPO is Hem Finlease.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2024 | 15978 | 33464 | 3807 | 8213.16 | 8052.23 | 1011.6 |
| 30-06-2024 | 20639 | 7273 | 998 | 9201.38 | 7753.02 | 2393.07 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 104.79 |
| Non-Institutional Buyer | 275.95 |
| Retail Investors | 79.88 |
| Total | 126.65 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | 114000 |
| Retail (Max) | 1 | 300 | 114000 |
| HNI (Min) | 2 | 600 | 228000 |
IPO Listing Details
| Listing Date | 29-10-2024 |
| BSE Script Code | - |
| NSE Symbol | DANISH |
| ISIN | INE0YU901016 |
| Final Issue Price | 380 |
Promoter holdings
Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.
Contact Information of the Company
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/
IPO Registrar
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
IPO Lead Manager
Hem Securities Limited (Past IPO Performance)