Established in 1985, Danish Power Limited is a transformer manufacturing company led by Mr. Dinesh Talwar and Mrs. Shashi Talwar. Danish Power Limited has a long history of providing the highest quality transformers for renewable energy projects, such as wind farms and solar power plants, oil and dry type power and distribution transformers, control relay panels, and substation automation services. Furthermore, the company is pleased to declare that it has been in the transformer business for 35 years. With his 39 years of experience in the field, Dinesh Talwar’s insight and leadership enabled this business to reach its heights. As of 31 March 2024, our revenue from operations was Rs. 33247.67.
Danish Power IPO price band is ₹360 to ₹380 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Danish Power IPO to list on NSE on October 29, 2024. The allotment of Danish Power IPO date is October 25, 2024. The company reported revenue of ₹334.64 crores in 2024. The company reported profit of ₹38.07 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Danish Power IPO Details
| IPO Open Date: | October 22, 2024 |
| IPO Close Date: | October 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹360 to ₹380 Per Share |
| Issue Size: | Approx ₹197.90 Crores |
| Fresh Issue: | Approx ₹197.90 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Danish Power IPO Timeline
The Danish Power IPO date is October 22, 2024 and the close date is October 24, 2024. The Danish Power IPO allotment will be finalized on October 25, 2024 and the IPO listing on October 29, 2024.
| IPO Open Date: | October 22, 2024 |
| IPO Close Date: | October 24, 2024 |
| Basis of Allotment: | October 25, 2024 |
| Refunds: | October 26, 2024 |
| Credit to Demat Account: | October 26, 2024 |
| IPO Listing Date: | October 29, 2024 |
Danish Power IPO Market Lot
The Danish Power IPO minimum market lot is 300 shares with ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 300 | ₹114,000 |
| Retail Maximum | 1 | 300 | ₹114,000 |
| S-HNI Minimum | 2 | 600 | ₹228,000 |
Danish Power IPO Financial Report
The company reported revenue of ₹334.64 crores in 2024. The company reported profit of ₹38.07 crores in 2024.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2024 | ₹334.64 | ₹283.49 | ₹38.07 | ₹159.78 |
