Danish Power SME IPO Details, Financials, Valuation & Peers

By IPOBase•Last Updated on Oct 29, 2024

Explore Danish Power IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Listed

Biding Dates

22 Oct - 24 Oct 2024

Price Range

₹360 - ₹380

Min Investment

₹1,14,000

Lot Size

300 shares

Issue Size

₹197.90 crore

Listed Price

₹57050.00%

Overview

Danish Power Limited is a certified manufacturer of a wide range of transformers and control relay panels, catering primarily to the renewable energy, power transmission, and industrial sectors. Founded in 1985, the company produces high-quality power, distribution, and inverter-duty transformers, as well as substation automation systems. Danish Power serves prominent clients such as Tata Power Solar Systems, Waaree Renewable Technologies, ABB India, and Torrent Power. With two advanced manufacturing facilities located in Jaipur, the company boasts an annual capacity of 4,681 MVA for transformers and 576 units for control panels, along with NABL-accredited testing capabilities. Danish Power is recognized for its sustainable manufacturing practices and export excellence, earning the status of a one-star export house and multiple awards from EEPC.

Key Points:

Product Portfolio:
- Transformers:
  - Inverter Duty Transformers: Multi-winding transformers up to 20 MVA for solar and wind applications.
  - Distribution Transformers: Up to 5 MVA, 33 kV class.
  - Power Transformers: Up to 63 MVA, 132 kV class.
- Control Relay Panels: Includes automation panels and protection panels for substations.
Manufacturing Capacity: The facilities have a combined manufacturing capacity of approximately 4681 MVA for transformers and 576 units for control relay panels.
Facilities: Equipped with advanced machinery for efficient manufacturing processes, including foil winding machines and NABL-accredited testing facilities.
Clientele: Serves a diversified customer base, including prominent companies such as Tata Power Solar System Ltd, ABB India Ltd, and Waaree Renewable Technologies, focusing on renewable energy projects.

IPO Docs

Objects of the Issue

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
To meet working capital requirements.
Repayment of certain borrowing availed by the Company, in part or full.
General Corporate Purpose.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields	Details
IPO Dates	22 Oct - 24 Oct 2024
IPO Price Band	₹360 - ₹380 per share
Fresh Issue	52,08,000 shares
Offer For Sale	NIL
Total IPO Size	₹197.90 crore
Face Value	₹10
Listing On	NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event	Date
IPO Opening Date	22 Oct 2024
IPO Closing Date	24 Oct 2024
Basis Of Allotment	25 Oct 2024
Refunds	28 Oct 2024
Demat Transfer	28 Oct 2024
IPO Listing Date	29 Oct 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Jun 2024
Total Income	149.17	189.44	334.64	72.73
Total Expenses	141.90	177.70	283.49	59.07
Net Profit/Loss	5.25	8.57	38.07	9.98
NPM (*)	3.53	4.54	11.45	13.88
Total Assets	116.44	108.09	162.57	206.39
Total Liabilities	80.95	64.03	80.44	114.38

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Jun 2024
EPS	3.62	5.92	26.29	6.89
ROE (%)	15.97	21.55	60.35	11.46
ROCE (%)	14.73	23.90	56.98	12.41
D/E Ratio	0.80	0.31	0.16	0.27
Current Ratio	1.40	1.47	1.75	1.41
EBITDA MARGIN (%)	6.51	7.88	16.16	20.29

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name	Revenue	P/E	EPS	RoNW	NAV
Danish Power Limited	332.48	14.45	26.29	46.36	56.71
Indo Tech Transformers Limited	503.61	46.61	44.12	21.58	141.93
Shilchar Technologies Ltd	396.88	53.04	120.48	43.84	274.81
Voltamp Transformers Limited	1,616.22	44.76	303.80	22.71	1,337.94

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor Type	Subscribed
Qualified Institutional Buyer (QIB)	104.79
Non-Institutional Investor (NII/HNI)	275.92
Retail Individual Investor (RII)	79.88
Total	126.65

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/

Company Promoters

DINESH TALWAR
SHIVAM TALWAR
PUNEET SANDHU TALWAR

Lead Managers

HEM SECURITIES LIMITED

Company Address

Danish Power Limited

DTA-02-07-08, DTA Phase-II, PO, Mahindra World City, Mahindra World City (Jaipur), Jaipur, Sanganer, Rajasthan, India, 302037

Phone: +91- 9001829230

Email: cs@danish.co.in

Website: www.danish.co.in

FAQs

What is the issue size of the Danish Power SME IPO?
The Danish Power SME IPO has an issue size of ₹197.90 crore. This includes a fresh issue of 52,08,000 shares and an offer for sale (OFS) of NIL.
What is the price band of the Danish Power IPO?
The price band for the Danish Power IPO is ₹360 - ₹380 per share.
What are the bidding dates for the Danish Power IPO?
The Danish Power IPO will open for bidding on 22 Oct 2024 and close on 24 Oct 2024.
What is the allotment date for the Danish Power IPO?
The allotment date for the Danish Power IPO is 25 Oct 2024.
What is the minimum lot size and investment required for the Danish Power IPO?
The minimum lot size for the Danish Power IPO is 300 shares and the minimum investment required is ₹1,14,000.
What is the listing date for the Danish Power IPO?
The listing date for the Danish Power IPO is 29 Oct 2024.
What is the Danish Power IPO grey market premium?
The grey market premium (GMP) for the Danish Power IPO is currently at ₹246, with an expected listing gain of approximately 64.74%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.