
Power · NSE
Danish Power Limited, established in July 1985, is a leading manufacturer of transformers, specializing in inverter duty transformers for renewable energy projects like solar and wind farms. Their product range includes solar plant transformers up to 20 MVA 33 kV, wind turbine transformers, distribution transformers up to 5 MVA 33 kV, and power transformers up to 63 MVA 132 kV. They also produce control relay panels up to 400 kV and offer substation automation services, including SCADA, Bus Bar Protection, LT Panels, and APFC Panels. Operating from two manufacturing plants in Jaipur—one in Sitapura Industrial Area and another in Mahindra World City—the company follows strict quality, environmental, and safety standards with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. As of March 31, 2024, Danish Power employed 343 full-time staff along with contractual workers.
Price Band
₹360 – ₹380
Issue Size
₹198 Cr
Lot Size
300 shares
GMP
+64.7%
Est. Listing
₹626
at current GMP
Subscribed
126.72x
overall
Open
22 Oct 2024
Close
24 Oct 2024
Allotment
25 Oct 2024
Refund
26 Oct 2024
Demat Credit
27 Oct 2024
Listing
29 Oct 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹380
Band: ₹360 – ₹380
Estimated Listing Price
₹626
Upper price + GMP
Lot Size
300 shares
Min investment ₹1,14,000
Estimated Profit / Lot
₹73,800
300 × ₹246
Grey Market Premium trend
+₹246
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹246 | 64.7% | ₹626 |
| 30 Oct 2026 | +₹246 | 64.7% | ₹626 |
| 29 Oct 2026 | +₹221 | 58.3% | ₹601 |
GMP is unofficial market data. Not a guarantee of listing performance.
Danish Power Limited is bringing an initial public offering (IPO) in the Power sector with an aggregate issue size of ₹197.9 Crores. The shares are offered at a price band of ₹360 to ₹380 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-10-24, the basis of allotment is scheduled to be finalized on 2024-10-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Danish Power Limited IPO is ₹246, which indicates an expected listing price of ₹626.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.