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 clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
Danish Power IPO – Details
| IPO Opening Date | 22 October 2024 |
| IPO Closing Date | 24 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 52,08,000 Shares Worth ₹197.90 Crore Fresh Issue: 52,08,000 Shares Worth ₹197.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹360 – ₹380 |
| Market Lot | 300 Shares |
| Min Order | 300 Shares |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Danish Power IPO – Date Schedule
| IPO Open Date | 22 October 2024 |
| IPO Close Date | 24 October 2024 |
| Basis of Allotment | 25 October 2024 |
| Initiation of Refund | 28 October 2024 |
| Credit of Shares to Demat Account | 28 October 2024 |
| IPO Listing Date | 29 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 24, 2024 |
Danish Power IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,14,000 |
| Retail (Max) | 1 | 300 | ₹1,14,000 |
| HNI (Min) | 2 | 600 | ₹2,28,000 |
Competitive Strengths
- Established Manufacturing facility.
- Existing relationship with the clients.
- Diversified Product Base.
- Experienced and Strong Promotors/Management team.
- Quality assurance.
Company Promoters
- Dinesh Talwar
- Shivam Talwar
- Puneet Sandhu Talwar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 (Standalone) | 149.17 | 141.90 | 5.24 | 28.32 |
| 31 March 2023 (Standalone) | 189.43 | 177.69 | 8.57 | 13.89 |
| 31 March 2024 (Standalone) | 334.63 | 283.49 | 38.07 | 10.11 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt/Equity | 0.27 |
| RoNW | 10.85 |
| PAT Margin (%) | 14.58 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 26.29 | 20.28 |
| P/E (x) | 14.46 | 18.74 |
Object Of The Issue
- Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein.
- To meet working capital requirements.
- Repayment of specific borrowing availed by the Company, in part or full.
- General Corporate Purpose.
Danish Power IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.55% |
Danish Power IPO Prospectus
Company Contact Information
| Danish Power Limited DTA-02-07-08, DTA Phase-II, , PO, Mahindra World City, Mahindra World City Sanganer Jaipur-302037 Phone: +91- 9001829230 Email: cs@danish.co.in Website: https://www.danish.co.in/ |
Danish Power IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: danishpower.smeipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Danish Power IPO Lead Manager(s)
| 1. Hem Securities Limited |
Danish Power IPO FAQs
| What is Danish Power IPO? Danish Power IPO is an SME IPO. The issue is priced at ₹360 and ₹380 per equity share. The IPO is to be listed on NSE SME. |
| When Danish Power IPO will open? The IPO is to open on 22 October 2024 for QIB, NII, and Retail Investors. |
| What is Danish Power IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Danish Power IPO? You can apply Danish Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Danish Power IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Danish Power IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Danish Power IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Danish Power IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Danish Power IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Danish Power IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Danish Power IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Danish Power IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Danish Power IPO Size? Danish Power IPO size is ₹197.90 Crore. |
| What is Danish Power IPO Price Band? Danish Power IPO Price Band is ₹360 – ₹380. |
| What is Danish Power IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 300 Shares with ₹1,14,000 amount while the maximum bid is 300 Shares with ₹1,14,000. |
| What is the Danish Power IPO Allotment Date? Danish Power IPO allotment date is 25 October 2024. |
| What is the Danish Power IPO Listing Date? Danish Power IPO listing date is 29 October 2024. The IPO is to be listed on NSE SME. |
