IPO

IPO Synopsis

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 Rs10/- each (the "Equity Shares") of Danish Power Limited ("The Company" or "The Issuer") at an issue price of Rs380 per equity share (including share premium of Rs370 per equity share) for cash, aggregating up to Rs197.90 crores ("Public Issue") out of which 260,700 equity shares of face value of Rs10 each, at an issue price of Rs380 per equity share for cash, aggregating Rs9.91 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 Rs2.45 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 Rs10 each, at an issue price of Rs380 per equity share for cash, aggregating upto Rs185.55 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 Rs10/- each. The issue price is 38 times with the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
22-Oct-24 24-Oct-24 Rs 380.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos :300  Further Multiples of :300
  (Rs Cr) Lead Managers to the Issue
Project Cost 180.38
Hem Securities Ltd
Project Financed through Current Offer 197.90
Post Issue Equity Share Capital 19.69
Issue Price Rs 380.00
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 therin Repayment of certain borrowings availed by the company in part or full
To meet working capital requirements General corporate purposes
Promoted By Listing At Registrar to the Issue
  Dinesh Talwar
  Shivam Talwar
  Puneet Sandhu Talwar
 NSE - SME
No Data Found.

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