The Danish Power Limited IPO is set to open for subscription from October 22, 2025, and close on October 24, 2025. This IPO, worth ₹197.90 crores, is entirely a fresh issue of 52.08 lakh shares, with a price band set between ₹360 and ₹380 per share. The IPO aims to raise funds to expand the company’s manufacturing facilities, meet working capital needs, and for general corporate purposes. Danish Power, known for its production of transformers and substation automation services, is targeting investors with a minimum lot size of 300 shares, translating to an investment of ₹114,000 for retail investors.
Danish Power IPO 2025
Danish Power Limited has established a strong position in the power sector with its diverse product offerings, including inverter duty transformers for solar and wind power projects, along with distribution and power transformers. The company also provides substation automation services. As of now, the company holds substantial market share in India and has clients like Tata Power Solar, Waaree Renewable Technologies, and ABB India. The IPO listing will be done on NSE SME, with a tentative listing date of October 29, 2025.
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Danish Power IPO Opening and Closing Dates
Attribute
Dates
IPO Open Date
October 22, 2025
IPO Close Date
October 24, 2025
Basis of Allotment
October 25, 2025
Listing Date
October 29, 2025
Danish Power IPO Price Band and Lot Size
Attribute
Details
Price Band
₹360 to ₹380 per share
Minimum Lot Size
300 shares
Retail Minimum Investment
₹114,000
HNI Minimum Investment
₹228,000 (600 shares)
Danish Power IPO Issue Size and Composition
Issue Type
Data
Total Issue Size
5,208,000 shares (₹197.90 Cr)
Fresh Issue
5,208,000 shares (₹197.90 Cr)
Market Maker Portion
260,700 shares
Pre-Issue Shareholding
14,483,610 shares
Post-Issue Shareholding
19,691,610 shares
Danish Power IPO Shareholder Reservation
Investor Category
Shares Offered
Anchor Investor
1,464,000 (28.11%)
Market Maker
260,700 (5.01%)
QIB
976,500 (18.75%)
NII (HNI)
732,900 (14.07%)
Retail
1,709,400 (32.82%)
Anchor Investor Details
Bid Date
Year
Anchor Bid Date
October 21, 2025
Shares Offered
1,464,000 shares
Anchor Portion Size
₹55.63 Cr
Lock-in Period for 50% shares
November 24, 2025
Lock-in Period for Remaining 50% shares
January 23, 2025
IPO Timeline (Tentative)
Event
Dates
IPO Open Date
October 22, 2025
IPO Close Date
October 24, 2025
Basis of Allotment
October 25, 2025
Initiation of Refunds
October 28, 2025
Credit of Shares to Demat
October 28, 2025
Listing Date
October 29, 2025
Minimum Investment for Retail and HNI Investors
Investor Type
Shares
Amount
Retail (Minimum)
300 shares
₹114,000
Retail (Maximum)
300 shares
₹114,000
HNI (Minimum)
600 shares
₹228,000
Promoter Holdings
Shareholding Pre-Issue
Shareholding Post-Issue
99.99%
73.55%
Danish Power Product Portfolio
Category
Details
Inverter Duty Transformers
Up to 20 MVA 33 kV for Solar Plants
Wind Turbine Generators
Transformers for Wind Power
Power Transformers
Up to 63 MVA 132 kV Class
Distribution Transformers
Up to 5 MVA 33 kV Class
Control Relay Panels
Up to 400 kV Class
Substation Automation (SCADA)
Bus Bar Protection Panels, LT Panels
Danish Power Financial Highlights
Period
Revenue (₹ Lakhs)
Profit After Tax (₹ Lakhs)
Net Worth (₹ Lakhs)
Total Borrowing (₹ Lakhs)
June 30, 2025
7,273.29
998.21
9,201.38
2,393.07
March 31, 2025
33,463.84
3,807.27
8,213.16
1,011.6
Key Performance Indicators
KPI
Values
ROE (Return on Equity)
11.94%
ROCE (Return on Capital Employed)
12.30%
Debt/Equity Ratio
0.27
RoNW (Return on Net Worth)
10.85%
PAT Margin
14.58%
IPO Comparison Pre and Post Issue
Metric
Pre-IPO
Post-IPO
EPS (Earnings Per Share)
₹26.29
₹20.28
P/E Ratio
14.46x
18.74x
Objective of the Issue
Use of Proceeds
Facts
Capital Expenditure
Expansion of manufacturing facility
Working Capital Requirements
Meet current operational needs
Repayment of Borrowings
Repayment of specific loans
General Corporate Purpose
Other general expenses
Company Overview Danish Power Limited
Attribute
Details
Founded
July 1985
Business
Manufacturing of transformers and substation automation services
Key Products
Inverter duty transformers, power transformers, control relay panels
Clients
Tata Power Solar, ABB India, Torrent Power
Manufacturing Facilities
Jaipur (Sitapura Industrial Area & Mahindra World City)
Certifications
ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
IPO Subscription Information
Category
Shares Offered
Shares Bid For
Subscription (Times)
QIB
976,500
0
0.00x
NII (HNI)
732,900
348,600
0.48x
Retail
1,709,400
1,716,600
1.00x
Total
3,483,300
2,067,300
0.59x
IPO Review Details
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Danish Power Summary
The Danish Power IPO is a fresh issue worth ₹197.90 crores, opening on October 22, 2025, and closing on October 24, 2025. The price band is set between ₹360 to ₹380 per share, and the company is offering a minimum lot size of 300 shares. The proceeds will be used for capital expansion, working capital, and debt repayment. Investors can apply for this IPO through the NSE SME platform, with a tentative listing date of October 29, 2025. The IPO offers investors a chance to participate in the growth of a company engaged in power generation equipment manufacturing with a strong clientele in the renewable energy sector.
