Danish Power SME IPO Details, Financials, Valuation & Peers
Explore Danish Power IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
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.
- Transformers:
- 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.
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
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
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.