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Danish Power IPO
Price Band
₹360.0–380.0
Issue Size
₹197.9 Cr
Lot Size
300 shares
Min Investment
₹114,000
GMP
+₹246.0 (64.74%)
Issue Price
₹380.0
Subject to Sauda
₹56100
Paid only if allotted
Danish Power IPO AI Summary
- Danish Power IPO is listed on NSE SME in the Heavy Electrical Equipment sector.
- Price band: ₹360.0–₹380.0 per share, lot size 300 shares (min. investment ₹114,000).
- Subscription window: 22 Oct–24 Oct 2024, listing on 29 Oct 2024.
- Current GMP is +₹246.0 (64.74%), an estimated listing price of ₹626 — unofficial and can change daily.
Danish Power Limited is set to expand its manufacturing capabilities and strengthen its market position through its IPO, while investors should consider both the potential for growth and the associated risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Danish Power IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Danish Power IPO Grey Market Premium (GMP) Today
GMP
+₹246.0
GMP %
+64.74%
Est. Listing
₹626.0
Updated: 25 Jul 2026 14:03
About the Company
Founded in July 1985, 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. Competitive Strength Well-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production. Long Term relations with clients by providing timely and quality delivery Diverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities. Experienced management team As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 206.39 | 159.78 |
| Total Income | 72.73 | 334.64 |
| Profit After Tax | 9.98 | 38.07 |
| NET Worth | 92.01 | 82.13 |
| Reserves and Surplus | 77.53 | 80.52 |
| Total Borrowing | 23.93 | 10.12 |
Key Ratios
EPS
₹26.29
NAV
₹63.53
ROE
11.94%
ROCE
12.30%
RoNW
10.85%
P/E Ratio
14.46
Market Cap
₹748.28 Cr
PAT Margin
14.58%
Debt/Equity
0.27
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Voltamp Transformers Ltd. | 22.71% | 44.76 | 303.8 | 303.8 |
| Shilchar Technologies Ltd. | 43.84% | 53.04 | 120.48 | 120.48 |
| Indo Tech Transformers Ltd. | 21.58% | 46.61 | 44.12 | 44.12 |
| Danish Power Limited This IPO | 46.36% | — | 26.29 | 26.29 |
Promoters
Dinesh Talwar, Shivam Talwar and Puneet Sandhu Talwar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure towards expansion of the manufacturing facility of the Company by building of factory shed and installation of additional plant and machinery therein 36.99 2 To meet working capital requirements 85.00 3 Repayment of certain borrowing availed by our Company, in part or full 20.00 4 General Corporate Purpose 38.38
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
For the period ending June 30, 2024, the total income was ₹72.73 Cr, down from ₹334.64 Cr for the year ending March 31, 2024. This decline is notable, though the June figure represents only a 9-month period, not a full year, so it isn't directly comparable.
Profit Trend
The profit after tax was ₹9.98 Cr for the period ending June 30, 2024, compared to ₹38.07 Cr for the year ending March 31, 2024. Similar to the revenue figures, the June figure is from a shorter period, making direct comparison challenging.
Valuation
Danish Power Limited's implied P/E at the issue price of ₹380 is approximately 14.46, compared to peers trading at P/E ratios ranging from 44.76 to 53.04.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the IPO shares based on this unofficial trading. A positive GMP suggests that the shares may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, competitive position in the market, and financial health.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to significant price fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on October 22, 2024, and closes on October 24, 2024. Allotment of shares will be completed by October 25, 2024, with the listing on the stock exchange scheduled for October 29, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see significant price increases on their first day of trading, others may not perform as well. Investors should consider the inherent risks and market conditions before making decisions based on potential listing gains.
This evaluation is generated from Danish Power's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Danish Power IPO GMP today?
Danish Power IPO GMP today is +₹246.0 (64.74%), indicating an estimated listing price of ₹626. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Danish Power IPO?
The price band of Danish Power IPO is ₹360.0–₹380.0 per share.
When does Danish Power IPO open and close?
Danish Power IPO opens on 22 October 2024 and closes on 24 October 2024.
When does Danish Power IPO list on the stock exchange?
Danish Power IPO listed on 29 October 2024 at ₹626.0.
What is the lot size for Danish Power IPO?
The lot size for Danish Power IPO is 300 shares, requiring a minimum investment of ₹114,000.
What is the issue price of Danish Power Limited's IPO?
The issue price is ₹380.0.
What is the minimum investment required?
The minimum investment required is ₹114,000.
What is the lot size for the IPO?
The lot size is 300 shares.
When is the listing date for the shares?
The listing date is October 29, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Oct 2024
Close
24 Oct 2024
Allotment
25 Oct 2024
Listing
29 Oct 2024
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