The Danish Power Limited IPO has attracted investor interest, particularly due to its focus on power and energy solutions. As an NSE SME listing, it offers an opportunity for investors to participate in a niche sector that is critical to infrastructure development. Below is a comprehensive overview of Danish Power Limited, covering its IPO details, company background, objectives, financial projections, and subscription insights.
IPO Details
- IPO Opening Date: Oct 22, 2024
- IPO Closing Date: Oct 24, 2024
- Issue Price: ₹380.00 per share
- Lot Size: 300 shares
- Total Issue Size: ₹197.90 Crores
- Listing on: NSE SME
Company Background: Danish Power Limited
Danish Power Limited operates in the energy sector, with a focus on providing sustainable and reliable power solutions. Known for its technological advancements and emphasis on eco-friendly practices, Danish Power aims to meet the growing demand for energy in both industrial and commercial sectors. Through this IPO, the company seeks to raise capital to expand its operations, improve efficiency, and further establish itself as a key player in the SME power sector.
Objectives of the IPO
- Expansion of Power Generation Facilities: Allocate funds to increase power production capacity.
- Debt Reduction: Improve financial positioning by reducing existing debts.
- Investment in Sustainable Technologies: Focus on eco-friendly and renewable energy solutions.
- Market Expansion: Enhance market presence and brand visibility within the SME power sector.
Financial Performance and Yearly Predictions
| Year | Predicted Share Price (INR) |
|---|---|
| 2024 | ₹400 |
| 2025 | ₹450 |
| 2026 | ₹500 |
| 2027 | ₹550 |
| 2028 | ₹600 |
| 2029 | ₹650 |
| 2030 | ₹700 |
These financial predictions reflect Danish Power Limited’s growth potential within the energy sector, offering investors a promising outlook for long-term value.
Subscription and Grey Market Premium Details
| Category | Subscription Status |
|---|---|
| Retail Investors | 3.90x |
| Qualified Institutional Buyers (QIB) | 7.85x |
| Non-Institutional Investors (NII) | 5.25x |
- GMP for Danish Power Limited: ₹25
For IPO Listing Date and Price Expectations:
- Expected Listing Date: Oct 29, 2024
- Expected Listing Price: ₹395 – ₹415
These subscription levels and GMP indicate strong investor interest, suggesting a favorable listing performance for Danish Power Limited.
Conclusion: Is Danish Power Limited a Good Investment?
Danish Power Limited represents an intriguing opportunity for investors in the energy sector, particularly for those focused on SME market growth. With its commitment to sustainable energy and expansion plans, Danish Power is well-positioned for growth. However, as with any investment, potential investors should consider their own risk tolerance and market conditions before committing. Conducting thorough due diligence is recommended.
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