Danish Power's IPO is experiencing strong demand, with its GMP reaching Rs 265 on the second day of subscription, suggesting potential listing gains of around 70%.

The public subscription for Danish Power's IPO started on October 22 and will end on October 24. The company, based in Rajasthan, has set a price range of Rs 360-380 per share, with a minimum investment of Rs 1,08,000 for a lot size of 300 shares. Danish Power's IPO is the largest in the SME segment, surpassing previous records set by KP Green Engineering and Sahasra Electronics Solutions.

The company plans to use Rs 37 crore from the net proceeds to build a factory shed and improve its plant and machinery, demonstrating its commitment to growth and expansion in the industry.