Issue Price
₹360- ₹380
per equity share
Issue Size
37.44 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
300
equity share
Please note
Listing at NSE
Danish Power Limited
Important Dates
IPO Open Date
22 Oct 2024
IPO Close Date
24 Oct 2024
Allotment Date
25 Oct 2024
Initiation of Refunds
28 Oct 2024
Credit of Shares to Demat Account
28 Oct 2024
IPO Listing Date
29 Oct 2024
UPI Mandate Expiry Date
24 Oct 2024
IPO Details
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.
Don't let another opportunity slip away. Check your IPO status now!
Check Allotment StatusAbout Danish Power Limited
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.
Parent Organisation
-
Founded
1985
Managing Director
Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
Close