Danish Power Limited IPO
- IPO Date22 Oct, 2024 to 24 Oct, 2024
- Listing Date29 Oct, 2024
- Face Value₹10 per share
- Issue Price₹360 to ₹380 per share
- Lot Size300 Shares
- Minimum Investment₹1,14,000
- Listing AtNSE SME
- Total Issue Size52,08,000 Shares
(aggregating up to ₹197.90 Cr) - Fresh Issue52,08,000 Shares
(aggregating up to ₹197.90 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,44,83,610
- Shareholding post issue1,96,91,610
IPO Dates
Closing Date
24 Oct, 2024
Initiation of Refunds
28 Oct, 2024
Listing Date
29 Oct, 2024
22 Oct, 2024
Opening Date
25 Oct, 2024
Basis of Allotment
28 Oct, 2024
Credit of Shares
Danish Power Limited Lot Size
Investors can bid for a minimum of 300 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,14,000 |
| HNI (Min) | 2 | 600 | ₹2,28,000 |
| Retail (Max) | 1 | 300 | ₹1,14,000 |
Danish Power Limited Promoter Holding
The Promoters of the company are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | - |
Danish Power Limited COMPANY INFORMATION
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. Refer to Danish Power IPO DRHP for detailed information.
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.
The product portfolio of the company can be categorized as follows:
- Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
- Distribution of Transformers upto 5 MVA 33 kV Class
- Power Transformers upto 63 MVA 132 kV Class
- The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.
The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City.
The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing.
The company's clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
Competitive Strength
- Well-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production.
- Long Term relations with clients by providing timely and quality delivery
- Diverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities.
- Experienced management team
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
Danish Power Limited (DPL) IPO
IPO Overview and Key Highlights
Danish Power Limited (DPL) is launching its Initial Public Offering (IPO) involving up to 52,08,000 equity shares. This is a 100% fresh issue with no Offer for Sale (OFS), marking an important milestone for the company in expanding its financial base. The IPO will be listed on the SME platform of NSE (NSE Emerge), providing new investment opportunities in the power sector?.
Key IPO Details
- Type of Issue: 100% Book Built
- Total Issue Size: Up to 52,08,000 Equity Shares
- Face Value: Rs10 per share
- Issue Opens: October 22, 2024
- Issue Closes: October 24, 2024
- Listing Exchange: NSE Emerge
- Promoters: Dinesh Talwar, Shivam Talwar, Puneet Sandhu Talwar
- Use of Proceeds: General corporate purposes, working capital, and growth expansion?
Company Overview
Established in 1985, Danish Power Limited is involved in the manufacturing and installation of power systems. The company offers services such as power distribution, transmission, and equipment manufacturing. Headquartered in Jaipur, Rajasthan, DPL has built a strong reputation in the energy infrastructure space, driven by a focus on reliability and sustainable solutions?.
Financial Overview
DPL has displayed consistent financial growth over the years, owing to its diversified service offerings and strategic contracts in the power sector. With the IPO, the company aims to strengthen its capital structure and expand its operations across India.
Key Strengths of Danish Power Limited
- Established Market Presence: With nearly four decades of operational experience, DPL has built a solid reputation in the power industry.
- Strong Promoter Experience: The company is backed by seasoned promoters with deep industry knowledge.
- Expansion Potential: The IPO proceeds will help DPL expand its product offerings and take on more large-scale infrastructure projects?.
IPO Pros and Cons
Pros
- Strong Industry Demand: The demand for power infrastructure in India is growing due to urbanization and industrial expansion, providing DPL with substantial growth opportunities.
- Experienced Leadership: Led by experienced promoters, DPL has a strong foundation and clear strategic vision for growth.
- No Offer for Sale (OFS): The IPO is purely a fresh issue, meaning that all proceeds will go towards the company's development rather than to selling shareholders?.
Cons
- Market Risks: As a company heavily dependent on infrastructure development, DPL’s financial health is susceptible to changes in government policies and economic conditions.
- Competitive Sector: The energy sector is highly competitive, with both established players and new entrants vying for market share.
- First Public Issue: As this is DPL’s first IPO, there is uncertainty regarding post-listing market performance?.
Risk Factors
Potential investors should consider the following risks:
- Economic Dependency: Any slowdown in infrastructure development could negatively affect DPL’s revenue.
- Regulatory Changes: Changes in energy policies or government regulations can have a direct impact on the company’s operations and profitability.
- Competition: The power sector is competitive, which could affect the company’s market share and profitability?.
Conclusion
The Danish Power Limited IPO offers investors an opportunity to participate in the growth of a well-established company in the power infrastructure sector. With a strong management team, an expanding industry, and no OFS, the IPO proceeds will directly contribute to the company's growth. However, market risks, competition, and the uncertainties of a first-time public offering should be carefully evaluated by potential investors.
FAQs About Danish Power Limited Ipo
Danish Power Limited IPO will open on 22 Oct, 2024 and close on 24 Oct, 2024. Investors must apply within this period to participate.
The Danish Power Limited IPO price band is set between ₹360.00 and ₹380.00 per share. The minimum lot size is 300, requiring an investment of at least ₹114000.00.
The Danish Power Limited IPO shares are expected to be listed on 29 Oct, 2024, subject to regulatory approvals and final allotment.
You can track your Danish Power Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Danish Power Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.