Danish Power Limited intends to raise about INR 197.90 crore with a fresh offering of 52,08,000 shares. The IPO is scheduled to open from 22 October to 24 October 2024, with an issue price range of INR 360 to 380 per share. Keep checking for updates on the Danish Power IPO’s GMP, subscription status, and allotment status link.
Danish Power is a top transformer manufacturer specialising in wind farms and other renewable energy projects. Control relay panels, oil and dry-type power transformers, and inverter duty transformers are among their products. They also provide services for substation automation. Tata Power Solar, Waaree Renewable Technologies, ABB India, and Torrent Power are a few of the company’s notable clients.
IPO Details
| IPO Details | Information |
|---|---|
| IPO Issue Opening Date | 22nd Oct 2024 |
| IPO Issue Closing Date | 24th Oct 2024 |
| DRHP | Available |
| IPO Issue Price | ₹360.00-380.00 Per Share |
| IPO Listing At | NSE SME |
| IPO Issue Type | Book Build Issue |
| IPO Issue Size | ₹197.90 Cr |
| Fresh Issue | ₹197.90 Cr |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 99.99% |
The product line consists of distribution transformers (up to 5 MVA, 33 kV class), power transformers (up to 63 MVA, 132 kV class), multi-winding inverter duty transformers (up to 20 MVA, 33 kV class) for solar plants, and wind turbine generators.
Produces bus bar protection panels, LT panels, APFC panels, substation automation systems (SCADA), control relay panels (up to 400 kV class), and more.
The combined yearly output capacity of the two manufacturing facilities, which are situated in Mahindra World City and Sitapura Industrial Area, Jaipur, is around 4681 MVA and 576 control relay panels of transformers.
About 343 people work for the company as of March 2024.
Danish Power IPO Review
The Danish Power Ltd IPO analysis extensively examines the possible investment opportunity offered by the company’s first public offering and Covers the company’s challenges.
- Market Volatility: Changes in energy and international stock markets can have an impact on investor confidence.
- Regulatory Risks: The energy industry is subject to stringent laws, and any modifications could lead to ambiguities.
- Competition: Danish Power faces intense rivalry in the energy sector, which could lower profit margins.
- Sustainability Concerns: Given the growing emphasis on sustainability among investors, Danish Power’s eco-friendly projects may come under close examination.
- Capital Allocation: To achieve growth targets and preserve shareholder value, efficient use of the IPO proceeds will be essential.
