SmallCap Power Stock has doubled the money of investors within less than 3 months. Danish Power Ltd, a SmallCap transformer manufacturing company, launched its IPO in October, 2024. In less than 3 months, the stock has surged more than 100% doubling Investors Money. Currently the shares of Danish Power trading at Rs 883. Check more details below.
Danish Power IPO Details
Danish Power Limited made its debut on October 22 in which the company raised Rs 198 crore. Let us tell you that it is the biggest ever SME IPO. The price band for this IPO was set at Rs 360-Rs 380 per share. The shares of Danish Power listed on the stock exchanges with 50% premium at Rs 570 on SME NSE.
Danish Power Share Price
The shares of Danish Power closed at Rs 883 per share with a fall of 8.55% on January 24, 2025. The stock has a 52-week high of Rs 1,316 and 52-week low of Rs 542 since its debut on October 29.
Smallcap Power Stock Surged More than 100% in 3 Months
Talking about the share performance, Danish Power shares have dropped 21.90% in the last one month and 32.90% from its peak price level Rs 1,316. Despite the recent downfall, Danish Power has delivered 132.36% returns since its IPO debut.
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Financial Performance of the Company
Talking about its financial performance, Danish Power reported a consolidated net profit of Rs 38.07 crore and revenue of Rs 332.5 crore for the year that ended in March 2024. In the September quarter, profit of the company stood at Rs 10.30 crore while revenue at Rs 91.89 crore for the three-month period.
About Danish Power Limited
Incorporated in 1985, Danish Power Limited is a Rajasthan based company that produces transformers and panels. The company is owned by the Talwar family and has two manufacturing facilities in the pink city of Jaipur. It competes with listed companies like Indo Tech Transformers, Schilcher Technologies, and Voltamp Transformers and supplies transformers and panels to a number of clients, including Tata Power Solar Systems, Waaree Renewable Technologies, Jackson Green, ABB India, and Torrent Power.
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