ListedSMEDANISH

Danish Power IPO

Danish Power IPO is an SME IPO raising ₹198 Cr at ₹360 – ₹380 a share. It listed on 29 Oct 2024 at ₹570, +50.0% against its issue price of ₹380, and trades at ₹860 today (+126.3% since issue). It was subscribed 0.00× in total.

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₹380

Issue price

₹860

Price now

+126.3%

Since issue price

29 Oct 2024

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹360 – ₹380

Cut-off price₹380

Issue size₹198 Cr

Shares per lot300

Minimum application₹1,14,000

Minimum quantity300

Face value₹10

Listing exchanges—

ISININE0YU901016

Bidding hours10:00 – 17:00 IST

Bidding window22 Oct 2024 – 24 Oct 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.