Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.
The product portfolio of the company can be categorized as follows:
The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City.
The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing.
The company’s clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
Competitive Strength
As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | ||||||||||||||||||
| Assets | 20,639.09 | 15,977.95 | ||||||||||||||||||
| Revenue | 7,273.29 | 33,463.84 | ||||||||||||||||||
| Profit After Tax | 998.21 | 3,807.27 | ||||||||||||||||||
| Net Worth | 9,201.38 | 8,213.16 | ||||||||||||||||||
| Reserves and Surplus | 7,753.02 | 8,052.23 | ||||||||||||||||||
| Total Borrowing | 2,393.07 | 1,011.6 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
The market capitalization of Danish Power IPO is Rs 748.28 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 11.94% |
| ROCE | 12.30% |
| Debt/Equity | 0.27 |
| RoNW | 10.85 |
| PAT Margin (%) | 14.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.29 | 20.28 |
| P/E (x) | 14.46 | 18.74 |
The Net Proceeds are proposed to be used by the details as set forth below:
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹360 to ₹380 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Fresh Issue | 5,208,000 shares (aggregating up to ₹197.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,483,610 |
| Share holding post issue | 19,691,610 |
| Market Maker portion | 260,700 shares |
The Promoters of the company are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.55% |
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As per our analysis and Based on the information we have, this is the output.
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