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IPO Synopsis

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Danish Power Ltd
Registered Office: DTA-02-07-08 DTA Phase II PO,Mahinda World City (Jaipur) , Jaipur - 302037 , Rajasthan , India.
Phone : +91 90018 29230
Fax :
Email :  cs@danish.co.in  
Website :  www.danish.co.in
Initial public offer of 52,08,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Danish Power Limited ("The Company" or "The Issuer") at an issue price of Rs. 380 per equity share (including share premium of Rs. 370 per equity share) for cash, aggregating up to Rs. 197.90 crores ("Public Issue") out of which 260,700 equity shares of face value of Rs. 10 each, at an issue price of Rs. 380 per equity share for cash, aggregating Rs. 9.91 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and upto 64,500 equity shares aggregating up to Rs. 2.45 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 48,82,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 380 per equity share for cash, aggregating upto Rs. 185.55 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.45% and 24.80% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 38 times with the face value of the equity shares.

Issue Money Payable On
Opened On Closed On Offer Price Application
22-Oct-24 24-Oct-24 ₹  380.00 ₹  380.00
Minimum Application for shares in Nos :300  Further Multiples of :300

  Lead Managers to the Issue
Project Cost ₹   180.38 Cr
Hem Securities Ltd
Project Financed through Current Offer ₹   197.90 Cr  
Post Issue Equity Share Capital ₹   19.69 Cr  
Face Value ₹   10  
 
Projects
Funding capital exp towards expansion of the mfg facility of the company by building of factory shed and installation of additional plant and machinery therinRepayment of certain borrowings availed by the company in part or full
To meet working capital requirementsGeneral corporate purposes
Promoted By
Dinesh Talwar  
Shivam Talwar  
Puneet Sandhu Talwar  
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.