Fri Oct 25 07:59:52 UTC 2024: – **Danish Power IPO**: The SME IPO of Danish Power opened for subscription on October 22, 2024, and will close on October 24. The company aims to raise ₹197.90 crore and list its shares on the NSE SME platform, making it the largest SME IPO of the year.
– **Price Band and Lot Size**: The price band for the IPO is set at ₹360-₹380 with a lot size of 300 shares. Investors can apply for a minimum of 300 shares.
– **Gray Market Premium (GMP)**: The current GMP for Danish Power’s IPO is ₹250, indicating a likely listing price of ₹630 (upper price band), which could yield approximately 66% returns for investors.
– **Business Focus**: Danish Power is engaged in manufacturing various types of transformers, including inverters used in renewable energy projects like solar and wind farms, along with power and distribution transformers.
– **Disclaimer**: The article contains information about the IPO and does not offer investment advice. It emphasizes the risks involved in the equity market and suggests consulting experts before investing.
First Piper 