Danish Power Limited

22 Oct 2024 - 24 Oct 2024 Individual Category IPO NSE

Min Investment

₹114000

Price Band

₹360-₹380

Issue Size

37.44 lakhs
Equity Shares

Lot Size

300 (per lot)

IPO Dates
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22 Oct 2024

Open Date

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24 Oct 2024

Close Date

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25 Oct 2024

Allotment Date

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29 Oct 2024

Listing Date

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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About 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.

Founded

1985

Managing Director

Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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