The excitement surrounding the Danish Power Limited SME IPO has captured the attention of investors as the company prepares to finalize its allotment status today, October 25, 2024. With a strong oversubscription and a promising grey market premium (GMP), Danish Power is set to make a significant impact on the SME segment of the stock market.
Key IPO Details
The Danish Power IPO, valued at ₹197.90 crore, opened for bidding on October 22 and closed on October 24, 2024. Investors were quick to respond, leading to an oversubscription rate of 126.65 times, a clear indication of robust demand. The IPO offered shares within a price band of ₹360 to ₹380, making it an attractive investment option for many.
Allotment Status: How to Check
Investors eager to know whether they have received an allotment can check their status through two main channels:
- Link Intime India:
- Visit the Link Intime IPO allotment status page.
- Select ‘Danish Power’ from the dropdown menu.
- National Stock Exchange (NSE):
- Go to the NSE IPO page.
- Register using your PAN details to view your bid information.
Market Outlook and GMP
As of today, the GMP for Danish Power stands at ₹300, suggesting a potential listing price of ₹680. This indicates an expected percentage gain of approximately 78.95% for investors. With such a strong GMP, market analysts are optimistic about a positive listing on the exchange scheduled for October 29, 2024.
Company Profile: Danish Power Limited
Founded in 1985 by Mr. Dinesh Talwar and Mrs. Shashi Talwar, Danish Power has established itself as a reputable manufacturer of transformers and related electrical equipment. Over the years, the company has diversified its offerings to include:
- Oil and Dry Type Power Transformers
- Distribution Transformers
- Inverter Duty Transformers
- Control and Relay Panels
- Substation Automation Services
Danish Power’s commitment to quality and customer satisfaction has propelled it to success in a competitive market. The company recently celebrated 35 years of operational excellence, attributing its achievements to a dedicated team and motivated management.
Conclusion
With the allotment status set to be announced today, investors are keenly awaiting the outcome. Danish Power’s strong market response, backed by impressive GMP figures, paints a positive picture for its upcoming listing. As always, investors should conduct thorough research and consider their investment strategy before participating in the stock market.
Stay tuned for more updates on Danish Power’s IPO and other market trends!
Disclaimer
The information provided in this blog is for educational and informational purposes only and should not be considered financial or investment advice. Investing in securities involves risks, and past performance is not indicative of future results. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions. The author and the blog do not assume any liability for losses incurred by readers based on the information presented.
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