Danish Power IPO

Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. They also produce oil and dry type power and distribution transformers, control relay panels, and offer substation automation services.  The product portfolio of the company can be categorized as follows: Inverter Duty Transformers (multi-winding) upto 20 MVA 33 kV Class for Solar Plants, Transformers for Wind Turbine Generator Distribution of Transformers upto 5 MVA 33 kV Class Power Transformers upto 63 MVA 132 kV Class The panel range includes Control Relay Panels up to 400 kV Class, Substation Automation (SCADA), Bus Bar Protection Panels, LT Panels, and APFC Panels. The company operates two manufacturing plants in Jaipur, one located in the Sitapura Industrial Area and the other in Mahindra World City. The Mahindra World City manufacturing facility is certified for Quality Management System ISO 9001:2015, Environmental Management System ISO 14001:2015, and Occupational Health and Safety Management System ISO 45001:2018 for design, development, and manufacturing. The company's clients include Tata Power Solar System Ltd, Waaree Renewable Technologies Limited, Jakson Green Private Limited, ABB India Limited, and Torrent Power Limited. Competitive Strength Well-equipped manufacturing facilities with various machines and equipment to facilitate smooth and timely production. Long Term relations with clients by providing timely and quality delivery Diverse product range serving various industries such as solar and wind power, conventional power generation, power transmission, electricity sub-stations, and power utilities. Experienced management team As of March 31, 2024, the company had 343 full-time employees and also employed personnel on a contractual basis.

The Net Proceeds are proposed to be used by the details as set forth below: Funding capital expenditure towards the expansion of the manufacturing facility of the Company by the building of factory shed and installation of additional plant and machinery therein To meet working capital requirements Repayment of specific borrowing availed by the Company, in part or full General Corporate Purpose

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