Biggest SME IPO by Danish Power to open on Oct 22 to raise ₹198 cr

Transformer manufacturer Danish Power will launch its IPO on October 22 to raise around ₹198 crore, making it the biggest SME IPO. The IPO, consisting entirely of a fresh issue of 52.08 lakh shares, has a price band of ₹360-380 per share. The anchor book will be launched on October 21 and the IPO will close on October 24.