Danish Power Limited IPO

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:

Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator
Distribution of Transformers upto 5 MVA 33 kV Class
Power Transformers upto 63 MVA 132 kV Class
The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.

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

Well-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production.
Long Term relations with clients by providing timely and quality delivery
Diverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities.
Experienced management team

As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.

Danish Power Limited Financial Information (Restated Consolidated)

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

Key Performance Indicator

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

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Danish Power IPO Objectives)

The Net Proceeds are proposed to be used by the details as set forth below:

Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein
To meet working capital requirements
Repayment of specific borrowing availed by the Company, in part or full
General Corporate Purpose

Danish Power IPO Details

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

Danish Power IPO Promoter Holding

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%

SHARIAH SCREENING for - Danish Power Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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