Danish Power Ltd. has announced public offering of 5208000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 370.00 per share. The gross proceeds of the issue are expected to be Rs 19,790.40 lakhs.

The company's initial public offer (IPO) will open on 22 October 2024 and is expected to close on 24 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 360.00-380.00 per share.

The IPO includes a fresh Issue of 5208000 Equity Shares of the Company at an price of Rs 380.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 300 shares with bids in multiples of 300.

Danish Power Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.