The Initial Share Sale of Danish Power IPO Ltd a Transformer which is opened, and its bidding is going on today ( Tuesday) . The Danish IPO is an entirely fresh issue of amount 52.08 lakh shares and its worth of Rs 197 .90 crore . Till oct 24 its subscriptions for this Public Offer the biggest in the small and medium enterprises.
if you are interested and going to invest in the Danish Power IPO Should Check the Following Details before going to bid for its shares
Danish Power GMP IPO: Offer Size and Price Band
The allotment of this shares Danish Power IPO is likely on Oct 25 The shares will be credited to the individual demat accounts of Successful Bidders on Oct 28 .Refunds for those who fail to secure allotment in Danish Power IPO will also be Imitated on the same day.
shares of Danish Power are likely to list on Oct 29 on the NSE SME platform, Emerge.
The DANISH POWER ipo price band has been set at Rs 360-380 per share.
Retail Investor are required to buy at least 300 shares in a single lot Totally a minimum investment of Rs 1.14 lakh as per application.
Danish Power Subscription Status Day 1
- Qualified Institutional Buyers: 2.35 times
- Non – institutional Investors: 2.33 times
- Retail investors: 3.57 times.
Danish IPO GMP Today
On October 22 GMP on the Danish Power IPO was Rs 265 as OF 2.30 pm and talk about Listing at a premium of 69.74 % over the issue price.as per investor Gain shares of Danish Power ltd. Are expected to list at Rs 645 .
Financial Performance
Danish Power’s Financial performance for the Fiscal Year 2024 reflects strong growth . The Company revenues from operation stood at 33,463.84 lakhs with EBITDA reaching 5,371.14 lakhs The Profit after Tax (PAT) for the same period was 3807.27 lakh
that figure demostrate the Danish Power ability to generate consistent revenues while maintaining profitability.
For it The Company Shares at a pre -issue EPS of Rs 26.29 and a post issue EPS of 19.33 Rs .
P/E ratio stands compared to an Industry P/E ratio of 48.14x
for FY24 is an Impressive 56.98% while the ROE for the same period is 60.35% this Matrics indicate that the IPO is fairly priced and it attracts attractive growth prospects for investors.