Danish Power IPO
listed
₹1.08LMin. investment
Danish Power IPO IPO Details
Issue size
₹197.9Cr
IPO type
SME
Price range
₹360 – ₹380
Listing date
29 Oct 2024
Lot size
300 shares
Price range₹360 – ₹380
IPO type
SME
Lot size300 shares
Issue size₹197.9Cr
Danish Power IPO Timeline
- Bid start22 Oct 2024
- Bid end24 Oct 2024
- Allotment24 Oct 2024
- Release of funds28 Oct 2024
- Demat transfer25 Oct 2024
- Listing29 Oct 2024
Established in 1985, Danish Power Limited is a leading manufacturer of a diverse range of transformers, including specialized inverter duty transformers for renewable energy projects such as solar and wind power plants. With manufacturing facilities strategically located in Jaipur, the company boasts a combined capacity of approximately 4681 MVA for transformers and 576 units for control relay panels. These facilities are equipped with advanced machinery, including foil winding machines and CNC plasma machines, ensuring high-quality production for various sectors including power generation, transmission, and utilities.
The company’s commitment to quality is underscored by its NABL-accredited testing facility, which conducts rigorous routine and specialized tests to meet industry standards. This focus on compliance and quality assurance has solidified Danish Power's reputation for delivering reliable products that adhere to stringent regulatory requirements, fostering strong customer relationships and satisfaction.
Danish Power serves a diversified client base, including industry giants such as Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, and ABB India Limited. This extensive clientele reflects the company’s ability to cater to the unique demands of renewable power EPC projects, electricity substations, and power utilities. The company’s proactive approach to client service, characterized by timely delivery and consistent product quality, has been instrumental in retaining long-term partnerships within the power industry.
Their combined industry experience and commitment to innovation drive the company’s strategic expansion and operational excellence. By continuously investing in modern technology and maintaining robust supplier relationships for essential raw materials, Danish Power is well-positioned to meet the evolving needs of the power sector while contributing to the advancement of renewable energy initiatives.
Danish Power Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives
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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
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To meet working capital requirements.
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Repayment of certain borrowing availed by the Company, in part or full.
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General Corporate Purpose.
Danish Power IPO Contact Details
Company NameDanish Power IPO
How to apply for Danish Power IPO?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.