Danish Power IPO subscription started on Tuesday, October 22, and will close on October 24 as per the schedule. The price band is set at ₹360 to ₹380 per share with a face value of ₹10.
Danish Power IPO Subscription Status
Danish Power IPO Subscribed over 21.18x on its second day till 05.00 PM on 23rd October.
- Danish Power IPO subscription QIB investors portion is 7.51x times, while NII subscribed 25.38x times and RII investors subscribed 27.98x times.
- The company has received bids for 7,37,93,700 shares against 34,83,300 shares on offer on the second day.
- Danish Power IPO Subscribed over 21.18x on day 2.
- Danish Power IPO Subscribed over 4.03x on day 1.
About Danish Power IPO
Established in 1985, Danish Power Limited is a transformer manufacturing company led by Mr. Dinesh Talwar and Mrs. Shashi Talwar. They are recognized as one of the authorized businesses in India that manufactures and exports power equipment. Danish Power Limited has a long history of providing the highest quality transformers for renewable energy projects, such as wind farms and solar power plants, oil and dry type power and distribution transformers, control relay panels, and substation automation services. Furthermore, the company is pleased to declare that it has been in the transformer business for 35 years. With his 39 years of experience in the field, Dinesh Talwar’s insight and leadership enabled this business to reach its heights. As of 31 March 2024, our revenue from operations was Rs. 33247.67.
Danish Power IPO Company Financial Report
The company reported revenue of ₹334.64 crores in 2024. The company reported profit of ₹38.07 crores in 2024.
Danish Power IPO GMP:
Danish Power IPO GMP was ₹260 as of Wednesday, October 23. That indicates the IPO is trading at ₹640 with ₹260 premium in the grey market against the issue price of ₹380.
