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Danish Power

Hem Securities Limited IPO ( Danish Power) Details

Hem Securities Limited

Danish Power's overview

Danish Power is a book built issue of ₹197.90 Cr (1,97,90,40,000). The issue includes a fresh issue of 52.08 Lakh (52,08,000) shares aggregating to ₹197.90 Cr (1,97,90,40,000).

Danish Power bidding started from Oct 22, 2024 and ended on Oct 24, 2024. The allotment for Danish Power was finalized on Oct 25, 2024. The shares got listed on NSE on Oct 29, 2024.

Danish Power price band is set at ₹360 to ₹380 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹1.08 Lakh (1,08,000).

Refer to Danish Power RHP for detailed information.

IPO date
Oct 22,2024 - Oct 24,2024
Listing Date
Oct 29,2024
Face value
₹10
Price Band
₹360 to ₹380 per share
Lot
₹300 Shares
Total Issue Size
52.08 Lakh (52,08,000)
aggregating up to ₹197.90 Cr (1,97,90,40,000)
Fresh Issue
52.08 Lakh (52,08,000)
aggregating up to ₹197.90 Cr (1,97,90,40,000)
Issue Type
Book Building
IPO Type
SME
Listing At
NSE
Pre Issue Size
1.45 Cr (1,44,83,610)
Post Issue Size
1.97 Cr (1,96,91,610)

Tue, Oct 22, 2024
IPO Open
Thu, Oct 24, 2024
IPO Close
Fri, Oct 25, 2024
Basis of Allotment
Mon, Oct 28, 2024
Initiation of Refunds
Mon, Oct 28, 2024
Credit of Shares to Demat
Tue, Oct 29, 2024
Listing

Danish Power Day-wise IPO GMP Trend

Danish Power last GMP is ₹246, last updated Oct 28,2024. With the price band of 380.00, Danish Power's estimated listing price is ₹626 (cap price + today's GMP).The expected percentage gain/loss per share is 64.74%.

Date	IPO Price	GMP	Estimated Listing Price	Last Updated
28-Oct-24	380.00	246	626(64.74%)	28-Oct-2024 16:29
27-Oct-24	380.00	246	626(64.74%)	27-Oct-2024 23:31
26-Oct-24	380.00	230	610(60.53%)	26-Oct-2024 23:29
25-Oct-24	380.00	260	640(68.42%)	25-Oct-2024 23:24
24-Oct-24	380.00	300	680(78.95%)	24-Oct-2024 23:24
23-Oct-24	380.00	290	670(76.32%)	23-Oct-2024 23:24
22-Oct-24	380.00	265	645(69.74%)	22-Oct-2024 23:29
21-Oct-24	380.00	265	645(69.74%)	21-Oct-2024 23:29
20-Oct-24	380.00	160	540(42.11%)	20-Oct-2024 23:29
19-Oct-24	380.00	150	530(39.47%)	19-Oct-2024 23:25
18-Oct-24	380.00	0	380(0.00%)	18-Oct-2024 23:23
17-Oct-24	380.00	0	380(0.00%)	17-Oct-2024 23:32
16-Oct-24	380.00	0	380(0.00%)	16-Oct-2024 23:26

Danish Power Lot Size

Application	Lots	Shares	Amount
Retail(Min)	1	300	₹1.14 Lakh (1,14,000)
Retail(Max)	1	300	₹1.14 Lakh (1,14,000)
HNI(Min)	2	600	₹2.28 Lakh (2,28,000)

Danish Power Reservation

Investor Category	Shares Offered
Offered to QIB	9.77 Lakh (9,76,500)
Offered to NII	7.33 Lakh (7,32,900)
Offered to Anchor Investor	14.64 Lakh (14,64,000)

Danish Power Financial Information (Restated Consolidated)

Label	Jul 30, 2024
Assets	20,639.09
Revenue	7,273.29
Profit After Tax	998.21
Net Worth	9,201.38
Reserves and Surplus	7,753.02
Total Borrowing	2,393.07
Danish Power Limited Financial Information (Restated Consolidated)

About Hem Securities Limited

Established in 1996, Hem Securities is a Jaipur, Rajasthan based financial service provider. Hem securities is in the business of retail broking, investment banking, depository services, portfolio investment and mutual fund distribution.

It provides various merchant banking services such as distibution, depository, broking, investment banking. The company also provides mutual fund investment platform for investors.

Danish Power's documents

Hem Securities Limited Contact Details

Hem Securities Limited
904, A wing, 9th Floor,
Naman Midtown, Senapati bapat marg,
Elphinstone road, Lower Parel

Website:+nbsp;+nbsp;https://www.hemsecurities.com
Email: [email protected]
Phone: +91 22 49060000
Fax: null

Danish Power's Promoters

The Promoters of the company are Dinesh Talwar, Shivam Talwar & Puneet Sandhu Talwar.

Danish Power Registrar

Link Intime India Private Ltd

Phone:

+91-22-4918 6270

Email:

[email protected]

Website:

https://linkintime.co.in/Initial_Offer/public-issues.html