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Danish Power IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Jaipur and caters to Electric Equipments - Transformers sector. Hem Securities is the merchant banker of Danish Power IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th August 2024.
Danish Power IPO open date is 22nd October 2024 and close date is 24th October 2024. IPO Allotment Date is 25th October 2024 and Listing date is 29th October 2024.Danish Power IPO size is Rs 197.90 Cr. crores with IPO price of Rs 380.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Danish Power IPO. Link Intime India Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Danish Power IPO.
Danish Power IPO anchor investors are the below investors. The number of anchor investors in this IPO is 19.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Carnelian Structural Shift | 263,400.00 | ₹380.00 | ₹100,092,000.00 |
| Chhattisgarh Investments Limited | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| FINAVENUE CAPITAL TRUST | 52,800.00 | ₹380.00 | ₹20,064,000.00 |
| Lotus Value Fund | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| Bharat Venture Opportunities | 131,700.00 | ₹380.00 | ₹50,046,000.00 |
| Invicto Multiplier Fund | 131,700.00 | ₹380.00 | ₹50,046,000.00 |
| JM Financial Products | 52,800.00 | ₹380.00 | ₹20,064,000.00 |
| M7 Global Fund | 26,700.00 | ₹380.00 | ₹10,146,000.00 |
| Meru Investment Fund | 131,700.00 | ₹380.00 | ₹50,046,000.00 |
| Mint Focused Growth | 131,700.00 | ₹380.00 | ₹50,046,000.00 |
| Nav Capital Vcc | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| Rajasthan Global Securities | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| Niveshaay Hedgehogs Fund | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| Religo Commodities Venture | 39,600.00 | ₹380.00 | ₹15,048,000.00 |
| Shine star build | 26,400.00 | ₹380.00 | ₹10,032,000.00 |
| Tattvam AIF Trust | 26,700.00 | ₹380.00 | ₹10,146,000.00 |
| Vijit Growth Fund | 26,700.00 | ₹380.00 | ₹10,146,000.00 |
| Visionary Value Fund | 26,700.00 | ₹380.00 | ₹10,146,000.00 |
| Valuequest India Investment | 263,400.00 | ₹380.00 | ₹100,092,000.00 |
Danish Power IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Danish Power IPO, based in Jaipur, operates in the Electric Equipments - Transformers sector with a focus on manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Danish Power IPO size is ₹ 197.90 Cr. Crores with fresh issue size of Rs 197.90 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Danish Power IPO is expected to be 25th October 2024, after the finalization of basis of allotment. Investors can check Danish Power IPO allotment status on the registrars website, Link Intime India Private Limited. Danish Power IPO refund dates are 28th October 2024.
Danish Power IPO is expected to be listed on 29th October 2024.
The upper price band for the Danish Power IPO is set at ₹ 380.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Danish Power IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Danish Power IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th October 2024. After submission, funds are blocked until the basis of allotment of Danish Power IPO is finalised.
The merchant banker for Danish Power IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Danish Power IPO RHP for further details.
The registrar for Danish Power IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Danish Power IPO through their official website or helpline.
Danish Power IPO was subscribed 126.65 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 197.90 Cr.
Avg IPO Size (Sector Based)
:
₹ 118.19 Cr.
Sector: Electric Equipments - Transformers
SME IPO so far:
3
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Jaipur
SME IPO so far:
31
Revenue (annualised):
₹ 2.88 cr.
PE
Ratio:
18.74x
Average Sector PE Ratio: 21.02x
Danish Power IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Danish Power Financial Review Page
Merchant Banker(s) of Danish Power IPO: Hem Securities Limited
Danish Power IPO subscription was 126.65 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Danish Power IPO listed at a listing price of 598.50 against the offer price of 380.00.
The current market price of Danish Power is 898.05.
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