| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹197.90 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹197.90 Cr |
| Fresh Issue | ₹188.00 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน360.00-380.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| NSE Code | DANISH |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 300 shares and in multiples thereof
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:
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
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards expansion of the manufacturing facility of the Company by building of factory shed and installation of additional plant and machinery therein | 36.99 |
| 2 | To meet working capital requirements | 85.00 |
| 3 | Repayment of certain borrowing availed by our Company, in part or full | 20.00 |
| 4 | General Corporate Purpose | 38.38 |
| Period Ended | 30 Jun 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 206.39 | 159.78 |
| Total Income | 72.73 | 334.64 |
| Profit After Tax | 9.98 | 38.07 |
| NET Worth | 92.01 | 82.13 |
| Reserves and Surplus | 77.53 | 80.52 |
| Total Borrowing | 23.93 | 10.12 |
| Amount in ₹ Crore | ||
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt / Equity | 0.27% |
| RoNW | 10.85% |
| PAT Margin | 14.58% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 26.29 | 20.28 |
| P/E (x) | 14.46 | 18.74 |
| Promoter Holding | 99.99% | 73.55% |
| Market Cap | โน748.28 Cr. | |