October 22 is the date of the Danish Power IPO. A SME IPO, Danish Power aims to raise ₹197.90 crores through its IPO. The 300 shares that make up the market lot for the Danish Power IPO are priced between ₹360 and ₹380.Technologies, ABB India, Torrent Power, and Jakson Green.
Danish Power manufactures a variety of transformers, including inverter duty transformers for wind farms and solar power plants, among other renewable energy projects. In addition, the company manufactures control relay panels, dry and oil-type power and distribution transformers, and provides substation automation services. Prominent businesses including Tata Power Solar System, Waaree Renewable Technologies, Jakson Green, ABB India, and Torrent Power are among the company’s clientele.
Danish Power IPO Details
Danish Power Limited intends to earn about INR 197.90 crore with a fresh offering of 52,08,000 shares. The IPO is scheduled to open from October 22 to October 24, 2024, with an issue price range of INR 360 to 380 per share. Keep checking back for updates on the Danish Power IPO’s GMP, subscription status, and allotment status link.
| IPO Date | October 22, 2024 |
| IPO Close Date | October 24, 2024 |
| Listing Date | Tuesday, October 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹360 to ₹380 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 5,208,000 shares
(aggregating up to ₹197.90 Cr) |
| Fresh Issue | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Danish Power Financials
| FY 2024 | |
| Assets | 20,639.09 |
| Revenue | 7,273.29 |
| Profit After Tax | 998.21 |
| Net Worth | 9,201.38 |
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt/Equity | 0.27 |
| RoNW | 10.85 |
| PAT Margin (%) | 14.58 |
About the Company – Danish Power
Danish Power Limited is a transformer manufacturing firm that was founded in 1985. They are acknowledged as one of the authorized companies in India producing and supplying power equipment. Danish Power Limited has an extensive history of offering the best transformers for renewable energy projects, including solar power plants and wind farms. They also provide services for substation automation and oil and dry type power and distribution transformers, control relay panels, and other related equipment.
