Danish Power IPO: After Hyundai Motor India in the mainboard, now the biggest IPO of SME segment is coming. The biggest ever IPO of an SME company is opening for investment next week. In fact, transformer maker Danish Power will be the biggest IPO ever in the SME (small and medium enterprises) segment. Is worth Rs 198 crore. Investors will be able to place bets in the company’s issue from October 22 to 24. For this, the price band has been fixed at Rs 360-380 per share. Anchor Book will be launched for one day on October 21.
what are the details
Let us tell you that before Danish Power, KP Green Engineering was the largest issue with a size of Rs 189.5 crore. KP Green Engineering IPO opened in March this year, followed by Sahasra Electronics Solutions in September with an IPO of Rs 186.2 crore. Let us tell you that the year 2024 has become the first year in which 9 SME IPOs worth more than Rs 100 crore have come. Whereas in 2023 there was only one, which was the Rs 105 crore IPO of Spectrum Talent Management.
Also read: This share rose by 26000% from ₹ 63, experts said – now the price can go up to ₹ 20000, buy it. Also read: Share reached from ₹ 2 to ₹ 191, the company makes chargers for electric vehicles.
The company is from Rajasthan
Rajasthan-based Danish Power has set a target of raising Rs 197.90 crore through its IPO at the upper price band. This includes fresh issues of 52.08 lakh shares. Established in the year 1985 with two manufacturing facilities in the pink city of Jaipur, the Talwar family-owned company competes with listed entities like Indo Tech Transformers, Shilcher Technologies and Voltamp Transformers, Tata Power Solar Systems, Vaari Renewable Technologies, Jackson Green Provides transformers and panels to many customers like , ABB India and Torrent Power.
