Danish Power Limited IPO
Danish Power Limited IPO
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Danish Power Limited's completed its IPO journey with a successful listing on NSE on 29-10-2024. The public offering mobilized 52,08,000 Shares in total capital, comprising 52,08,000 Shares in fresh equity.
The offering was conducted within the price band of ₹360 to ₹380, with minimum application lots of 300 shares. Investor participation during the 22-10-2024 to 24-10-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 25-10-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Danish Power IPO About Company
Danish Power Limited, established in July 1985, is a leading manufacturer of transformers, specializing in inverter duty transformers for renewable energy projects like solar and wind farms. Their product range includes solar plant transformers up to 20 MVA 33 kV, wind turbine transformers, distribution transformers up to 5 MVA 33 kV, and power transformers up to 63 MVA 132 kV. They also produce control relay panels up to 400 kV and offer substation automation services, including SCADA, Bus Bar Protection, LT Panels, and APFC Panels. Operating from two manufacturing plants in Jaipur—one in Sitapura Industrial Area and another in Mahindra World City—the company follows strict quality, environmental, and safety standards with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. As of March 31, 2024, Danish Power employed 343 full-time staff along with contractual workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Danish Power IPO Strength Factors
- State-of-the-Art Manufacturing: Danish Power’s advanced facilities ensure efficient, high-quality production and on-time delivery.
- Trusted Client Partnerships: Strong, long-term relationships with customers, backed by reliable service and quality, help maintain loyalty and trust.
- Versatile Product Range: Serving industries like renewable energy, power generation, and utilities, the company stays adaptable and well-positioned in the market.
Danish Power IPO Risk Factors
- Reliance on Key Suppliers: Depending on a few suppliers for raw materials can lead to price fluctuations and supply delays, which may impact Afcons' operations and profitability.
- Uncertainty in Project Revenue: Not all planned projects may generate the expected revenue, which could affect the company’s growth and financial performance.
- Manufacturing Efficiency Challenges: If production facilities are not fully utilized, costs may rise, reducing profitability and potentially affecting future business performance.
Danish Power IPO Lead Manager(s)
- Hem Securities Limited
Danish Power IPO Promoter(s)
- Dinesh Talwar
- Shivam Talwar
- Puneet Sandhu Talwar
Danish Power IPO FAQs
Danish Power Limited IPO subscribed 126.72 times. The public issue subscribed 79.88 times in the retail category,104.79times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 6:58:34 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Danish Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Danish Power IPO FAQs
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