Danish Power Limited (NSE SME)
Oct 22, 2024 - Oct 24, 2024
| Price | ₹360 - ₹380 |
| Premium | ₹246 |
|---|---|
| Lot size | 300 |
| Allotment | Oct 25, 2024 |
| Listing | Oct 29, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 300 | 114000 | 5698 |
| HNI | 2 | 600 | 228000 | 2443 |
Last updated on 24-Oct-2024 19:09:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 976500 | 102332100 | 104.79 |
| NIB | 732900 | 202482600 | 276.28 |
| RETAIL | 1709400 | 136552200 | 79.88 |
| EMPRET | 64500 | 43200 | 0.67 |
| Total | 3483300 | 441410100 | 126.72 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 98 |
| NIB | 33187 |
| RETAIL | 455174 |
| EMPRET | 62 |
| Total | 488521 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 37.11 | 3888.62 | 104.79 |
| NIB | 27.85 | 7694.34 | 276.28 |
| RETAIL | 64.96 | 5188.98 | 79.88 |
| EMPRET | 2.45 | 1.64 | 0.67 |
| Total | 132.37 | 16773.58 | 126.72 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹53.46 | @8% ₹61.09 | @9% ₹68.73 | @10% ₹76.37 | @11% ₹84 | @12% ₹91.64 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹140.94 | @8% ₹161.08 | @9% ₹181.21 | @10% ₹201.34 | @11% ₹221.48 | @12% ₹241.61 |
Danish Power IPO Details
| Issue Size | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Fresh Issue | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,483,610 |
| Share holding post issue | 19,691,610 |
| Market Maker portion | 260,700 shares Hem Finlease |
Danish Power IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicator
| KPI | Jun-24 Consolidated | Mar-24 Consolidated |
|---|---|---|
| ROE | 11.94% | 60.34% |
| ROCE | 12.30% | 56.97% |
| RONW | 10.85% | 46.36% |
| EPS (basic) | 6.89 | 26.29 |
| P/E Pre IPO | 14.46 | |
| P/E Post IPO | 18.74 |
Company Financials
Danish Power Limited Financial Information (Restated Consolidated)
| Period Ended | Jun-24 Consolidated | Mar-24 Consolidated | Mar-23 Standalone | Mar-21 Standalone |
|---|---|---|---|---|
| Assets | 20,639.09 | 15,977.95 | 10,813.19 | 11,645.27 |
| Revenue | 7,273.29 | 33,463.84 | 18,943.79 | 14,917.12 |
| Profit After Tax | 998.21 | 3,807.27 | 857.09 | 524.88 |
| Net Worth | 9,201.38 | 8,213.16 | 4,244.96 | 3,387.87 |
| Reserves and Surplus | 7,753.02 | 8,052.23 | 4,244.96 | 3,387.87 |
| Total Borrowing | 2,393.07 | 1,011.60 | 1,389.15 | 2,832.05 |
| Amount in Lakhs. | ||||
About Company
Founded in July 1985, Danish Power Limited is a prominent manufacturer of various types of transformers, including inverter duty transformers specifically designed for renewable energy projects such as solar power plants and wind farms. The company's product portfolio includes Inverter Duty Transformers up to 20 MVA 33 kV Class for solar plants, transformers for wind turbine generators, distribution transformers up to 5 MVA 33 kV Class, and power transformers up to 63 MVA 132 kV Class. Additionally, they produce control relay panels up to 400 kV Class and provide substation automation services, including SCADA, Bus Bar Protection Panels, LT Panels, and APFC Panels. Danish Power operates two manufacturing plants in Jaipur, with one in Sitapura Industrial Area and the other in Mahindra World City. The latter facility is certified under ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety. As of March 31, 2024, the company employed 343 full-time staff and also engaged personnel on a contractual basis.
Hem Securities Limited
Advanced manufacturing facilities: Danish Power's well-equipped plants ensure efficient and timely production, supporting high-quality output.
Strong client relationships: Long-standing ties with clients, built on consistent quality and timely delivery, enhance customer retention.
Diverse product portfolio: The company serves multiple sectors, including renewable energy, power generation, and utilities, providing resilience and market reach.
Dependence on key raw material suppliers: Reliance on a few suppliers for raw materials exposes the company to price volatility and supply disruptions, potentially impacting operations and profitability.
Order book uncertainty: The company may not fully realize the revenue projected from its order book, which could negatively affect business prospects and financial results.
Under-utilization of manufacturing capacity: Inefficient use of manufacturing facilities could lead to higher costs and reduced profitability, adversely affecting future performance.
Phone: +91-22-4918 6270
Email: danishpower.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html