ENA MSME 2024-10-29 17:50:51 <p><span style="font-size:14px"><strong>New Delhi, Oct 29 (KNN)</strong> Danish Power, the Rajasthan-based company, marked a significant milestone today as its shares debuted on the National Stock Exchange's SME platform at Rs 570, recording a premium of 50 percent over its issue price of Rs 380 per share.</span></p> <p><span style="font-size:14px">The initial public offering (IPO), which opened for subscription on October 22, garnered substantial investor interest with an oversubscription of 126.65 times. </span></p> <p><span style="font-size:14px">The company successfully raised Rs 197.90 crore through this offering, establishing itself as the largest issue in the SME segment to date, surpassing KP Green Engineering's Rs 189.5-crore issue from March and Sahasra Electronics Solutions' Rs 186.2-crore IPO launched in September.</span></p> <p><span style="font-size:14px">During the subscription period, the company had set a price band of Rs 360-380 per share, with a minimum lot size of 300 shares. This structure positioned the investment range between Rs 108,000 and Rs 114,000 for potential investors.</span></p> <p><span style="font-size:14px">This successful listing underscores the growing investor confidence in the SME sector and marks another milestone in the evolution of India's small and medium enterprise marketplace.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39751 https://knnindia.co.in/news/newsdetails/msme/danish-power-makes-strong-market-debut-with-50-premium-on-nse-sme 2024-10-29 17:50:51 knnindia.co.in