Danish Power Ltd - IPO

Danish Power Ltd IPO Details

Initial public offer of upto 52,08,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Danish Power Limited (The Company or The Issuer) at an issue price of Rs. [*] per equity share (including share premium of [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.45% and [*] % respectively of the post-issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital exp towards expansion of the mfg facility of the company by building of factory shed and installation of additional plant and machinery therin. To meet working capital requirements. Repayment of certain borrowings availed by the company in part or full. General corporate purposes.

Danish Power Ltd Contact Details

Danish Power Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@danish.co.in

Website - www.danish.co.in