Danish Power Ltd IPO

Danish Power Ltd IPO

We are an ISO 9001:2015, ISO 14001: 2015 and ISO 45001:2018 certified company, engaged in the business of manufacturing of different types of transformers including inverter duty transformers used in renewable power projects like solar power plant or wind farms, oil and dry type power and distribution transformers, control relay panel along with substation automation services. These transformers and panels are used across various sectors and industries to facilitate the efficient transmission and distribution of electrical power such as renewable power EPC projects like solar power plant, wind power farms, other power generation plants, power transmission, electricity sub-stations, power utilities etc. Our customers include companies like Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited & Torrent Power Limited.

Danish Power Ltd IPO Details

Total Shares Offered

₹ 52,08,000

Offer to Public

TBA

Retail Max (Shares)

₹ 17,09,400

Pre Issue Promoters Holding

₹ 1,44,83,583

Exchange

NSE

Issue size

₹ 197.9 Cr

IPO Open Date

Oct 22, 2024

Close Date

Oct 24, 2024

Lot Size

300

Min Investment

₹ 1,08,000

Issue Type

Book Building - SME

Listing Date

Oct 29, 2024

Danish Power Ltd IPO Dates

check-icon
Oct 22, 2024
Opening date
check-icon
Oct 24, 2024
Closing date
check-icon
Oct 25, 2024
Basis of Allotment
check-icon
Oct 28, 2024
Initiation of Refunds
check-icon
Oct 28, 2024
Credit of Shares
check-icon
Oct 29, 2024
Listing date

Details

SectorType
SectorElectric Equipment
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Danish Power Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations426.71332.4813.49
EBITDA87.5457.0915.24
PAT58.3437.728.57
Total Assets330.83126.2776.71
Share Capital19.691.611.61
Total Borrowings26.7026.7219.04
Operating Activities (Net Cash)62.8141.0410.32
Investing Activities (Net Cash)17.85-0.39-1.48
Financing Activities (Net Cash)26.7026.7219.04
Net Cashflow124.9720.266.40

About Danish Power Ltd

Danish Power Limited was originally formed as a Private Limited Company under Companies Act, 1956 in the name and style of Danish Private Limited pursuant to a certificate of incorporation dated July 10, 1985 was issued by the Registrar of Companies, Jaipur, Rajasthan, bearing CIN: U31200RJ1985PTC003346. Consequently, The Company was converted into a Public Limited Company under Companies Act 1956 with the name `Danish Limited' pursuant to a fresh certificate of incorporation dated December 31, 1994 was issued by the Registrar of Companies, Jaipur, Rajasthan. Subsequently, the Company was converted into a Private Limited Company under Companies Act with the name `Danish Private Limited' pursuant to a fresh certificate of incorporation dated December 03, 2002 was issued by the Registrar of Companies, Jaipur, Rajasthan. Further, pursuant to shareholder's resolution passed at the Extra Ordinary General Meeting held on June 12, 2024, the name of the company 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. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on July 08, 2024 the Company was converted into a Public Limited Company and the name of the 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 bearing CIN: U31200RJ1985PLC003346.

The electrical equipment market share in India is expected to increase from US$ 52.98 billion in 2022 to US$ 125 billion by 2027, implying a robust CAGR of 11.68%. The domestic electrical equipment market is expected to grow at an annual rate of 12% to reach US$ 72 billion by 2025. In FY23, India's heavy electrical equipment production stood at Rs. 2,44,300 crore (US$ 29.38 billion). The electrical machinery segment grew nearly 13% with shipments jumping to US$ 10.19 billion in the April-December 2023 from US$ 9.06 billion in the year-ago period. The India power transformer market is expected to rise at a CAGR of more than 3% during the forecast period of 2020-25.

We are an ISO 9001:2015, ISO 14001: 2015 and ISO 45001:2018 certified company, engaged in the business of manufacturing of different types of transformers including inverter duty transformers used in renewable power projects like solar power plant or wind farms, oil and dry type power and distribution transformers, control relay panel along with substation automation services. These transformers and panels are used across various sectors and industries to facilitate the efficient transmission and distribution of electrical power such as renewable power EPC projects like solar power plant, wind power farms, other power generation plants, power transmission, electricity sub-stations, power utilities etc. Our customers include companies like Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited & Torrent Power Limited.

Peer Comparison:

  • Indo Tech Transformers Ltd
  • Shilchar Technologies Ltd
  • Voltamp Transformers Ltd

Danish Power Ltd Key Points

Strengths

Established Manufacturing facility.

Existing relationship with the clients.

Diversified Product Base.

Experienced and Strong Promotors/Management team.

Quality assurance.

Risk

The company significantly depends upon few of the raw material suppliers for its manufacturing activities. Volatility in the supply and pricing of the company raw materials may have an adverse effect on its business, financial condition and results of operations.

Its may not be able to realize the amounts, partly or at all, reflected in the company Order Book which may materially and adversely affect its business, prospects, reputation, profitability, financial condition and results of operation.

Under-utilization of its manufacturing capacities and an inability to effectively utilize the company existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

Strategy

Established Manufacturing facility.

Existing relationship with the clients.

Diversified Product Base.

Experienced and Strong Promotors/Management team.

Quality assurance.

How To Apply for Danish Power Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Danish Power Ltd IPO?

close
Danish Power Ltd's IPO offers shares for up to 197.9 It begins on Oct 22, 2024 and ends on Oct 24, 2024.

What is the price of the Danish Power Ltd IPO?

close
The price of Danish Power Ltd IPO ranges between ₹360 to ₹380 per share.

What are the open and close dates for the Danish Power Ltd IPO?

close
The Danish Power Ltd IPO opens on Oct 22, 2024 and closes on Oct 24, 2024.

When will the Danish Power Ltd IPO be allotted?

close
The allotment for the Danish Power Ltd IPO will be finalised on Oct 25, 2024. The shares will be listed on BSE and NSE on Oct 29, 2024.

What is the minimum lot size required for Danish Power Ltd IPO?

close
The minimum lot size for Danish Power Ltd IPO is 300 shares, priced between ₹360 to ₹380 per share.

What is the GMP of Danish Power Ltd IPO?

close
The GMP (Grey Market Premium) of Danish Power Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Danish Power Ltd IPO?

close
To check the allotment status of Danish Power Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Danish Power Ltd IPO getting listed?

close
The Danish Power Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 22, 2024, and closes on Oct 24, 2024. The allotment is finalised on Oct 25, 2024.

How do you apply for the Danish Power Ltd IPO?

close
To apply for the Danish Power Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions