Danish Power Ltd. was incorporated on 10th July 1985. The company is engaged in manufacturing various types of transformers, including inverter duty transformers for renewable projects like solar and wind farms, as well as oil and dry type power and distribution transformers, control relay panels, and substation automation services
| Bidding Dates |
|---|
| 22 Oct 2024 - 24 Oct 2024 |
| Subscription |
|---|
| 117.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 300 | 5.2 M | ₹360 - ₹380 | 73.55 % | ₹1874.9 M - ₹1979.0 M | RHP DOC |
Danish Power Ltd. IPO SUBSCRIPTION STATUS
24 Oct '24Danish Power Ltd. IPO overall subscription rate was 117.9 times the total available shares
Danish Power Ltd. IPO retail subscription rate was 104.21 times in the retail segment
Danish Power Ltd. IPO non-institutional investor subscription rate was 360.62 times in the non-institutional investor category
Danish Power Ltd. IPO Qualified Institutional Bidder subscription rate was 54.66 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Oct 2024 (Day 3) | 104.21x | 360.62x | 54.66x |
23 Oct 2024 (Day 2) | 36.03x | 33.55x | 3.92x |
22 Oct 2024 (Day 1) | 5.89x | 4.68x | 1.91x |
Danish Power Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 99.8 | 719.3 | 239.7 | -66.9 | 20.3% |
| FY24 | 380.7 | 3324.8 | 257.3 | 179.1 | 16.2% |
Danish Power Ltd. IPO SUBSCRIPTION STATUS DETAILS
Danish Power Ltd. had 5.2 M shares on offer
Danish Power Ltd. IPO offer price was in the range ₹360 - ₹380
Danish Power Ltd. IPO minimum Investment was ₹108000
Danish Power Ltd. IPO issue size was ₹ 1874.9 M - ₹ 1979.0 M
Danish Power Ltd. had a minimum lot size of 300 Shares per application
Danish Power Ltd. NUMBER OF SHARES ON OFFER
Danish Power Ltd. IPO IMPORTANT DATES
| Issue Open Date | 22 Oct 2024 |
| Issue close Date | 24 Oct 2024 |
| Allotment Date | 25 Oct 2024 |
| Refund Date | 28 Oct 2024 |
| Demat Account Credit Date | 28 Oct 2024 |
| Listing Date | 29 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Danish Power Ltd. Allotment Status | Exchange |
Danish Power Ltd. IPO subscription opened on 22 Oct 2024, and closed on 24 Oct 2024
IPO allotment for Danish Power Ltd. was finalized on Friday, 25 Oct 2024
IPO listing for Danish Power Ltd. was on NSE on Tuesday, 29 Oct 2024
Danish Power Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 380.0 |
| Listing Open Price | 570.0 |
| Listing Close Price | 598.5 |
| Listing Gain% | 50.0% |
| Current Gain% | 113.9% |
Danish Power Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Danish Power Ltd. | 812.8 | 1600.6 | 23.2 | 1.2 | 3 | 15 | 12 | 528.7 | 22.1 | 69 | 19.8 | 35 | 19.8 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Danish Power Ltd. IPO Reports
Danish Power Ltd. INFORMATION ON IPO ISSUE
About Danish Power Ltd.
Danish Power Ltd. was incorporated on 10th July 1985. The company is engaged in manufacturing various types of transformers, including inverter duty transformers for renewable projects like solar and wind farms, as well as oil and dry type power and distribution transformers, control relay panels, and substation automation services
Object of the Issue
- Funding capital expenditure towards the expansion of the manufacturing facility of the company by building of factory shed and installation of additional plant and machinery therein
- To meet working capital requirements
- Repayment of certain borrowing availed by the company, in part or full
- General corporate purpose
Danish Power Ltd. - PROMOTERS
| Name |
|---|
| Dinesh Talwar |
| Shivam Talwar |
| Puneet Sandhu Talwar |
Danish Power Ltd. Lead Manager of the Issue
HEM Securities Limited
ib@hemsecurities.com
Danish Power Ltd. Registrar to the issue
Link Intime India Private Limited
danishpower.smeipo@linkintime.co.in
Danish Power Ltd. Strengths
Established manufacturing facility
The manufacturing facility in Mahindra World City, Jaipur, is equipped with various machines, including foil winding, oil storage tanks, CNC plasma, and vacuum drying ovens, to ensure smooth and timely production
Diversified product base
The company manufactures various types of transformers, including inverter duty transformers for renewable projects like solar and wind farms, as well as oil and dry type power and distribution transformers, and control relay panels. These products are utilized across sectors such as renewable power EPC projects, conventional power generation, power transmission, electricity substations, and power utilities
Quality assurance
The company's quality assurance activities include inspecting materials before production, leakage testing, final testing, and pre-dispatch checks. It has an in-house NABL-accredited testing lab that performs routine tests and specialized tests, such as lightning impulse withstand, capacitance-tan delta, temperature rise, and partial discharge tests, ensuring product quality
Danish Power Ltd. Risks
Depend on suppliers
The company significantly depends on a few raw material suppliers for manufacturing. Volatility in the supply and pricing of these materials could adversely affect their business, financial condition, and operational results
Under-utilization of manufacturing capacities
Under-utilization of manufacturing capacities and an inability to effectively use existing resources could negatively impact the business, future prospects, and financial performance
Product designing
The company has a team of about 34 employees dedicated to ensuring compliance with design specifications and industry quality standards. Incorrect designs could result in order cancellations and loss of production due to misalignment with customer specifications
IPO FAQs
The promoters of the company are Dinesh Talwar, Shivam Talwar and Puneet Sandhu Talwar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 360.0 - 380.0.
The IPO application opens on Oct 22, 2024 and closes on Oct 24, 2024.
The minimum lot size for the IPO is 300. The maximum lot size for the IPO is 300.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 114,000.0.
This IPO will be allotted on Oct 25, 2024.
The refund will be credited to your account on Oct 28, 2024.
The allotted shares will be credited to your demat on Oct 28, 2024.
Danish Power Ltd.’s shares listed on the stock exchanges on Oct 29, 2024.