Danish Power IPO Allotment Status to Be Finalised Soon: Check Status Online, Latest GMP Insights on 2024’s Biggest SME Issue

Danish Power’s IPO allotment status is about to be announced, with allotment finalisation expected by Friday, October 25. This IPO, valued at ₹197.90 crore, is the biggest SME offering of 2024 so far. The IPO, open from October 22-24, was priced between ₹360 and ₹380 per share and involved the fresh issue of 52.08 lakh shares, with no shares up for resale.

Investors showed high demand for Danish Power shares, as shown by the impressive 126.65 times subscription. Among different investor categories, non-institutional investors led the way with a 275.92 times subscription, followed by qualified institutional buyers at 104.79 times, and retail investors at 79.88 times.

Investors who receive an allotment will see shares credited to their Demat accounts by Monday, October 28, while those without an allotment will get refunds the same day. The shares are expected to list on the market by Tuesday, October 29.

How to Check Your Allotment Status

You can check the status of your Danish Power IPO allotment on the NSE website or through the registrar’s site, Link Intime India Private Ltd.

Grey Market Premium (GMP)

In the grey market, Danish Power shares are currently trading at a ₹300 premium over the IPO price of ₹380, suggesting a listing price around ₹680. This potential 78.95% increase could mean a strong debut for the stock, bringing promising returns to investors.