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Open
22 Oct 2024
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Close
24 Oct 2024
3
Allotment
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Listing
Tue, Oct 29, 2024
Price Band
₹360 to ₹380
Issue Size
52,08,000 shares (agg. up to ₹198 Cr)
Lot Size
300 Shares
Listing Date
Tue, Oct 29, 2024
Latest GMP
₹246
Est. Gain
64.74%
✦ AI Insight
GMP Trend
29-10-2024₹246Est. ₹626+64.74%
28-10-2024₹246Est. ₹626+64.74%
27-10-2024₹246Est. ₹626+64.74%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 89.11x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Trom Industries Ltd. | SME | ₹31.37 Cr | ₹115 | 12.98 | ₹229.40 | +99.48% | ₹60.00 (-0.83%) |
| KP Green Engineering Ltd. | SME | ₹189.50 Cr | ₹144 | 42.8 | ₹210.00 | +45.83% | ₹343.60 (-4.24%) |
| Kay Cee Energy & Infra Ltd. | SME | ₹15.93 Cr | ₹54 | 7.59 | ₹239.40 | +343.33% | ₹93.85 (+4.45%) |
| Exicom Tele-Systems Ltd. | Mainboard | ₹429.00 Cr | ₹142 | 217.63 | ₹224.95 | +58.42% | ₹165.23 (+1.07%) |
| Azad Engineering Ltd. | Mainboard | ₹740.00 Cr | ₹524 | 292.74 | ₹677.50 | +29.29% | ₹2,408.10 (+2.49%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ 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 |
About Danish Power IPO
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 cl
Contact Details
Danish Power Ltd. AddressDTA-02-07-08, DTA Phase-IIPO, Mahindra World CitySanganerJaipur, Rajasthan, 302037+91- 9001829230cs@danish.co.inVisit Website