Danish Power share price was listed with a decent 50% premium at ₹570 on NSE SME on Tuesday. The IPO subscription and gray market premium had also indicated strong listing expectations by investors.
The Danish Power share price nevertheless fell 5% thereafter to hit a lower price band. The GMP for Danish Power IPO stood at ₹246, according to data from Investorgain.com. This implies that the shares of Danish Power IPO can be purchased for ₹246 more than the issue price in the gray market.
According to the current GMP, investors of Danish power IPO anticipate that the company’s shares will list at ₹ 626 apiece, which represents a 64.74% premium over the upper end of the issue price of ₹380.
Danish Power Limited was established in July 1985 and produces a range of transformers, including inverter duty transformers for use in wind farms and solar power plants, among other renewable energy projects. In addition, they manufacture control relay panels, substation automation services, and power and distribution transformers of the dry and oil types.
The Company’s Product Line Can Be Divided Into The Following Categories:
Wind turbine generator transformers and multi-winding inverter duty transformers up to 20 MVA 33 kV class for solar plants
Power Transformers up to 63 MVA 132 kV Class Transformer Distribution up to 5 MVA 33 kV Class
BusBar Protection Panels, LT Panels, APFC Panels, Substation Automation (SCADA), and Control Relay Panels up to 400 kV Class are all included in the panel range.
The Danish Power IPO’s book-running lead manager is Hem Securities Limited, and the issue’s registrar is Link Intime India Private Ltd. Hem Finlease is the market maker for the Danish Power IPO.
