Danish Power Limited IPO
Danish power limited are a certified company with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, specializing in the manufacturing of various types of transformers and control relay panels. Their products play a critical role in the efficient transmission and distribution of electrical power across multiple sectors, including renewable energy, power utilities, and industrial applications.
Their core product offerings encompass a range of transformers, including inverter duty transformers tailored for renewable energy projects such as solar power plants and wind farms, as well as oil and dry type power and distribution transformers. Additionally, they provide substation automation services, including control relay panels, to support seamless power management and distribution.
Their transformers and panels are integral to various industries and are used in applications like renewable energy EPC (Engineering, Procurement, and Construction) projects, power generation plants, electricity sub-stations, and transmission utilities. Their client base includes renowned companies like Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited.
Product Portfolio:
i. Inverter Duty Transformers: Multi-winding transformers up to 20 MVA, 33 kV Class, specifically designed for solar power plants and transformers for wind turbine generators.
ii. Distribution Transformers: Designed up to 5 MVA, 33 kV Class for efficient distribution of electricity.
iii. Power Transformers: Available up to 63 MVA, 132 kV Class, catering to high-capacity power transmission requirements.
iv. Control Relay Panels & Substation Automation: Includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels.
Their products are engineered to ensure high performance and reliability, facilitating smooth operations across various sectors where consistent and efficient power distribution is crucial. Their commitment to quality and innovation has made them a trusted partner for leading companies in the energy sector.
Objects of the Danish Power Limited IPO:
Danish Power Limited IPO Details:
| Open Date: | Oct 22 2024 |
| Close Date: | Oct 24 2024 |
| Total Shares: | 5,208,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Size: | 197.90 Cr. |
| Lot Size: | 300 Shares |
| Issue Price: | ₹ 360 - 380 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Oct 29 2024 |
Promoters And Management:
Financials of Danish Power Limited IPO:
| Particulars | For 3 months ended June 30, 2024 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
| Revenue | 71.93 | 332.47 | 188.7 | 148.63 |
| EBITDA | 15.92 | 57.98 | 16.89 | 11.15 |
| EBITDA Margin | 22.13% | 17.44% | 8.95% | 7.50% |
| PAT | 9.98 | 38.07 | 8.57 | 5.24 |
| PAT Margins | 13.87% | 11.45% | 4.54% | 3.52 |
| CFOA | 23.97 | 25.72 | 28.92 | 5.64 |
Comparison With Peers:
| Companies | Revenue | EBITDA | PAT | MCap | P/E |
| Danish Power (FY 2024) | 332.47 | 57.98 (17.44%) | 38.07 (11.45%) | 748.28 Cr. | 19.65 |
| Indo Tech Transformers(TTM) | 492 Cr. | 69 Cr. (14.02%) | 49 Cr. (9.95%) | 2684 Cr. | 54.5 |
| Shilchar Technologies(TTM) | 437 Cr. | 137 Cr. (31.35%) | 99 Cr. (22.65%) | 5,465 Cr. | 54.9 |
| Voltamp Transformers(TTM) | 1,722 Cr. | 445 Cr. (25.84%) | 336 (20.82%) | 13,455 Cr. | 40 |
| Alfa Transformers (TTM) | 46.71 Cr. | 3.41 Cr. (7.31%) | 0.84 Cr. (1.79%) | 118 Cr. | 19.2 |
| Transformers & Rectifiers India (TTM) | 1,666 Cr. | 240 Cr. (14.41%) | 124 Cr. (7.44%) | 12,442 Cr. | 103 |
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