Danish Power IPO allotment: How to check status online on Link Intime India, NSE

Danish Power IPO allotment status: The initial public offering (IPO) of transformer manufacturer Danish Power received a stellar response from investors, with the issue being subscribed 126.72 times during the three-day bidding period. As the subscription ends, the focus now shifts to allotment.

The initial share sale, worth ₹197.9 crore, consisted of an entirely fresh issue of 52.08 lakh shares.

The company will use the proceeds of the public issue to expand its manufacturing facility by building a factory shed and installing additional plant and machinery. A portion of the IPO proceeds will also be used to meet working capital requirements, repay borrowings, and for general corporate purposes.

Danish Power IPO allotment: Steps to check status online on Link Intime India

• Go to Link Intime India's IPO allotment status page at https://linkintime.co.in/Initial_Offer/public-issues.html
• From the drop-down menu, select 'Danish Power.'
• Enter your application number, PAN, account number/IFSC or DP/Client ID
• Click on the 'submit'.

Danish Power IPO allotment: How to check status online on NSE

• Visit NSE's allotment portal: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Registered users can log in. New users will need to create an account.
• Select 'Danish Power Ltd.'
• Verify PAN and IPO application number
• Click on the 'submit'.

Danish Power IPO listing date

After allotment finalisation, the company will initiate refunds for unsuccessful bidders on Monday, October 28. Successful applicants will receive shares in their Demat accounts the same day. Shares of Danish Power will be listed on the NSE SME platform, Emerge, on October 29.

Danish Power IPO: About the company

Founded in 1985, Danish Power manufactures various types of transformers. The company's manufacturing facilities are located in Jaipur, Rajasthan. Some of the company's key clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited and ABB India Limited.