Danish Power IPO Detail: Open Date, Close Date, GMP, Price Band

Danish Power IPO subscription opens from Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024. It is a book-built issue of worth up to Rs 197.90 crores equity shares. This upcoming IPO is an entirely fresh issue of 52.08 lakh equity shares.

Danish Power IPO price band is Rs 360 to Rs 380 per share. The minimum lot size set for the retail category is 300 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 600 shares. The minimum amount required for retail investors is Rs 1,14,000 (380 x 300 shares). However, for the HNI category, the minimum investment amount required is Rs 2,28,000 (380 x 600 shares).

Danish Power IPO allotment is expected to be finalised on Friday, October 25, 2024. The listing will be on the NSE SME platform on Tuesday, October 29, 2024. Currently, Danish Power's IPO GMP is Rs 0, which indicates that the listing price is expected to be near Rs 380 per share.

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Danish Power IPO: Listing Date, Lot Size, Issue Size, Price Band

Danish Power IPO opens on October 22 and closes on October 24, 2024. The tentative listing date is on October 29 and face value kept at Rs 10 per share. The Lot size is 300 shares.

Danish Power IPO: About the Company

Danish Power Limited, founded in 1985 by Mr. Dinesh Talwar and Mrs. Shashi Talwar, is a prominent Indian manufacturer and exporter of power equipment. Initially focused on battery chargers, the company has diversified its product range to include oil and dry type power transformers, distribution transformers, and control relay panels, catering to specific customer needs. With over 35 years of experience, Danish Power emphasizes quality and customer satisfaction, fostering long-term relationships through reliable products and services. The company operates from Jaipur, Rajasthan, and has established a strong reputation for operational excellence and innovation in the power equipment sector, contributing significantly to India's energy infrastructure.

Danish Power IPO Objectives

The Net Proceeds are proposed to be utilized for key objectives, including funding capital expenditure for the expansion of the company's manufacturing facility through the construction of a factory shed and installation of additional plant and machinery. Further the funds will be used to meet working capital requirements, repay certain borrowings, either in part or full, and cover general corporate purposes.

Danish Power IPO: Key Dates, Allotment, Listing Date

Danish Power IPO key dates are discussed in the table below. Investors can check the allotment status on October 25, and those who will not get shares allotted will get a refund on October 28, 2024. The credit of shares will take place on the same day, and the listing will be on October 29 on the NSE SME platform.

Danish Power IPO Subscription Details, IPO Reservation

Danish Power IPO subscription details will be available after the IPO opens on 22 October 2024. In the retail investor category, 35% of the net offer is reserved, 50% of the net offer is reserved for Qualified Institutional Buyers, and 15% for Non-institutional investors.

Danish Power IPO Allotment Details

Danish Power IPO Allotment status are available on its registrar Link Intime India Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

Danish Power IPO GMP

Currently, Danish Power IPO GMP (grey market premium) is trading at Rs 0. It is expected that the listing price can be near to Rs 380. However, if the subscription got oversubscribed then Danish Power IPO GMP might rise.

Danish Power IPO Lot Size Details

Danish Power IPO lot size is set at 300 shares per lot. Investors can bid a minimum of 300 shares and their multiples. For the retail category, minimum and maximum bid is kept at 300 shares amounting to Rs 1,14,000. The minimum lot size for HNI is 2 lots which is 600 shares. The minimum investment for the HNI category is Rs 2,28,000.

Promoter Holdings

Danish Power IPO promoters are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar . The promoters' shareholdings before the IPO were 99.99%; however, after the IPO, shareholdings will decline.

Danish Power Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Danish Power IPO

The IPO is managed by Hem Securities Limited, which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

How to apply to Danish Power IPO

Interested investors can apply to the Danish Power IPO directly from the Bigul trading app or you can apply by clicking here . Investors can also check the details of other upcoming IPO on Bigul.

Danish Power IPO FAQs

1. What are the core details available of the Danish Power IPO?

Danish Power IPO is a book-built issue of worth up to Rs 197.90 crores. This upcoming IPO is an entirely fresh issue of 52.08 lakh equity shares.

2. When will the Danish Power IPO open and close?

Danish Power IPO subscription opens from Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024

3. What is Danish Power IPO GMP?

Currently, Danish Power IPO GMP (grey market premium) is trading at Rs 0. It is expected that the listing price can be near to Rs 116. However, if the subscription gets oversubscribed, then Danish Power IPO GMP might rise in the coming days.

4. What are the details of Danish Power IPO reservation?

Danish Power IPO subscription details will be available after the IPO opens on 22 October 2024. In the retail investor category, 35% of the net offer is reserved, and 50% of the net offer is reserved for the Qualified Institutional Buyers, and 15% for Non-institutional investors.

5. How to check the IPO Allotment status?

Danish Power IPO Allotment details are available on its registrar Link Intime India Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

6. Who is the registrar and lead managers for Danish Power IPO?

Danish Power IPO Registrar, is Link Intime India Private Limited. The book-running lead manager for this IPO is Hem Securities Limited. Investors can check the allotment status in the Link Intime India Private Limited official website.

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