Danish Power IPO Allotment On October 25; How To Check Status Online; Latest GMP, Listing

SME IPO Allotment Status: Danish Power is going to finalise the allotment status of its Rs 197.90 crore IPO on Friday, October 25, 2024. The IPO was open for bidding on NSE and will list under the exchange's SME index. The latest GMP of Danish Power suggests a strong listing ahead.

Danish Power IPO Allotment Today:

Investors can check the status of the allotment on Link Intime India, the registrar of the IPO. Also, on NSE, the application can be reviewed.

To check the application status on Link Intime, click on the link below:

https://linkintime.co.in/initial_offer/public-issues.html

Step 1: You will be directed to the IPO allotment status page of Link Intime upon clicking the link.

Step 2: Select 'Danish Power' in the 'Select Company' option.

Step 3: Notably, the application status can be reviewed through PAN card number, Application Number, Client ID/DP, Account Number, and Bank IFSC code. So you can feed in either of the details.

Step 4: Click SUBMIT and you will be able to review the application.

To Check Your Application Status On NSE, Click On The Link Below:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jspb

As per the NSE website, to avail of this facility, the investor has to register one time by providing the PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. However, first, they need to register on NSE. On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

NSE will also provide Allotment information as provided by the registrar to the issue.

Danish Power GMP Today:

As per Investor Grain, Danish Power SME IPO's last GMP is ₹300, last updated Oct 25th 2024 12:25 PM. With a price band of 380.00, Danish Power SME IPO's estimated listing price is ₹680 (cap price + today's GMP).The expected percentage gain/loss per share is 78.95%.

After the allotment, investors will be either credited the eligible shares in their demat accounts or refunded on October 28. That being said, the listing will take place on October 29.

Danish Power IPO Details:

The 197.90 crore SME IPO opened on October 22, and closed for bidding on October 24, 2024. The price band of the IPO is at Rs 360 to Rs 380 per share. The IPO oversubscribed by 126.65 times on the final day.

About Danish Power:

Over the years, Danish Power Limited has ventured into a realm of quality products, offering a wide range of customized solutions to customer's specific requirements ranging from Oil and Dry Type Power, Distribution Transformers, Inverter Duty Transformers, Control and Relay Panels with Substation Automation Services.

Danish Power Limited was established as a manufacturer of Transformers in 1985 by the founding directors Mr. Dinesh Talwar and Mrs. Shashi Talwar. The company started with manufacturing of LT Panels & Battery Chargers and gradually diversified into Control Relay Panels followed by Transformers. The company recently completed 35 years and is proud to have reached a level of exceptional operational excellence with the hard work of its dedicated team and highly motivated management.