Danish Power Ltd
Price Range
₹360 - ₹380
Min. Quantity
300
Closes on
24 October 2024
Min. investment
₹1,14,000/300 Shares
Danish Power Ltd IPO Timeline
Danish Power Limited was originally formed as a Private Limited Company in the name and style of 'Danish Private Limited' dated July 10, 1985 was issued by the Registrar of Companies, Jaipur, Rajasthan. The Company was converted into a Public Limited Company with the name Danish Limited' pursuant to which, a fresh Certificate of Incorporation dated December 31, 1994 was issued by the Registrar of Companies, Jaipur, Rajasthan. Again, Company converted into a Private Limited Company with the name Danish Private Limited' dated December 03, 2002. Further, the Company name was changed from 'Danish Private Limited' to 'Danish Power Private Limited' vide a fresh Certificate of Incorporation dated July 08, 2024 issued by the Registrar of Companies, Central Processing Centre, Manesar. It then got converted into a Public Limited and the name of Company was changed from 'Danish Power Private Limited' to 'Danish Power Limited' vide a fresh Certificate of Incorporation dated July 22, 2024 issued by the Registrar of Companies, Central Processing Centre, Manesar.
| Event | Date |
|---|---|
| Danish Power Ltd IPO Opening Date | 22 October 2024 |
| Danish Power Ltd IPO Closing Date | 24 October 2024 |
| Basis of Allotment | 25 October 2024 |
| Initiation of Refunds | 28 October 2024 |
| Credit of Shares to Demat | 28 October 2024 |
| Danish Power Ltd IPO Listing Date | 29 October 2024 |
Danish Power Ltd IPO Details
| Danish Power Ltd IPO Date | 22 October 2024 to 24 October 2024 |
| Danish Power Ltd IPO Face Value | ₹10 per share |
| Danish Power Ltd IPO Price | ₹360 to ₹380 per share |
| Danish Power Ltd IPO Lot Size | 300 |
| Issue Size | Shares of ₹10 (aggregating up to ₹197.9 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹197.9 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Dinesh Talwar, Shivam Talwar, Puneet Sandhu Talwar |
Danish Power Ltd IPO Lot Size
The Danish Power Ltd IPO lot size is 300 shares. A retail-individual investor can apply for up to 1 lots (300 shares or ₹1,14,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 300 | ₹1,14,000 |
| Maximum | 1 | 300 | ₹1,14,000 |
- Strengths
- Risks
- Opportunities
- Established Manufacturing facility.
- Existing relationship with the clients.
- Diversified Product Base.
- Experienced and Strong Promotors/Management team.
- Quality assurance.
Company Financials
Danish Power Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 159.78 | 334.64 | 38.07 |
| 03-2023 | 108.13 | 189.44 | 8.57 |
| 03-2022 | 116.45 | 149.17 | 5.25 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital exp towards expansion of the mfg facility of the company by building of factory shed and installation of additional plant and machinery therin
- To meet working capital requirements
- Repayment of certain borrowings availed by the company in part or full
- General corporate purposes
Danish Power Ltd IPO Promoter Holding
| Pre Issue Share Holding | 88.31% |
| Post Issue Share Holding | 64.96% |
Danish Power Ltd IPO Subscription Status (Bidding Detail)
The Danish Power Ltd IPO is subscribed 117.898 times on 24 October 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 117.898 |
Danish Power Ltd IPO Prospectus
Danish Power Ltd IPO Listing Date
| Listing Date | 29 October 2024 |
| BSE Script | 83611 |
| NSE Symbol | DANISH |
| Listing In | NSE - SME |
| ISIN | INE0YU901016 |
| IPO Price | ₹380 |
| Face Value | ₹10 |
Company Contact Information
DTA-02-07-08 DTA Phase II POMahinda World City (Jaipur),Jaipur-302037
Phone: +91 90018 29230
Email: cs@danish.co.in
Website: www.danish.co.in
Danish Power Ltd IPO Registrar
Danish Power Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Danish Power Ltd IPO?
I have pre-applied for Danish Power Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.