Davin Sons Retail Limited IPO
BSE SMEListed On: Jan 9, 2025 at ₹ 44.0
₹ 110000 /2000 Shares
Check Allotment02 Jan, 2025
Open Date06 Jan, 2025
Close Date07 Jan, 2025
Allotment Date09 Jan, 2025
Listing DateIssue Price
₹55 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Kfin Technologies LimitedList Price
44.0Listing Date
2025-01-09Market Lot
2000 Shares (₹110,000/-)Lead Manager
Navigant Corporate Advisors LtdIssue Size
15,96,000 shares(aggregating up to ₹8.78 Cr)Retail Portion
50%Subscription
120.85 timesDavin Sons Retail IPO Details
Davin Sons Retail Limited IPO is an SME IPO, priced at ₹55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 15,96,000 equity shares, aggregating up to ₹8.78 crores..
The IPO bidding window is open from Jan 2, 2025 to Jan 6, 2025. The allotment is expected to be finalized on Jan 7, 2025, and the tentative listing date is Jan 9, 2025.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.
Navigant Corporate Advisors Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
Davin Sons Retail IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,58,000 | 7,58,000 | 15,96,000 |
| Day 1 - 02-01-25 06:00 PM | 0.55 x | 4.89 x | 2.72 x |
| Day 2 - 03-01-25 06:00 PM | 3.03 x | 22.03 x | 12.53 x |
| Day 3 - 06-01-25 06:00 PM | 66.21 x | 164.78 x | 120.85 x |
Davin Sons Retail Valuations
EPS Pre IPO
₹4.47/-EPS Post IPO
₹2.80/-P/E Pre IPO
12.29P/E Post IPO
19.67ROE
49.41%ROCE
54.52%RoNW
29.58%PAT Margin
12.25%Davin Sons Retail Company Financials All values are in ₹ Lakh
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 1,036.2 | 883.12 | 455.97 |
| Revenue | 634.1 | 1,339.16 | 391.33 |
| Profit After Tax | 73.59 | 164.05 | 56.62 |
| Net Worth | 627.78 | 554.65 | 109.37 |
| Total Borrowing | 194.45 | 24.00 | 128.15 |
About The Company
Davin Sons Retail Limited, an incorporated entity in March 2022 manufactures and designs a wide variety of high-quality readymade garments including jeans, denim jackets and shirts for other brands.
Two business verticals are there of the company are:
Manufacturing of readymade Garments through job work basis;
Distribution of FMCG products.
The area of operation of the company is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.
As of December 2024, the company had 20 employees in various sectors.
Davin Sons Retail - Promoter(s)
Pre Issue Share Holding: 90.68%
Post Issue Share Holding: 63.18%
- Mr Mohit Arora
- Mr Nohit Arora
- Mr Davinder Arora
- Mrs Lalita Rani
- Mrs Sonam Arora
Davin Sons Retail IPO - Issue Objectives
- To finance the Capital Expenditure for the purchase of the Warehouse
- To part finance the requirement of Working Capital
- To meet General corporate purposes
Other Details
Davin Sons Retail
609, Sixth Floor, Road No. 44, Pitampura, P.P. City Centre Plot No. 3,Road No. 44, Pitampura Rani Bagh-, North West Delhi -110034Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dsrl.ipo@kfintech.com
Davin Sons Retail IPO - FAQs
Ans. Davin Sons Retail Limited IPO is a SME IPO. The issue is priced at ₹55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 2, 2025, and closes on Jan 6, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Davin Sons Retail Limited IPO opens on Jan 2, 2025 and closes on Jan 6, 2025.
Ans. The size of Davin Sons Retail Limited IPO is 15,96,000 shares(aggregating up to ₹8.78 Cr).
Ans. The IPO price band is set between ₹55 per equity share.
Ans. To apply for Davin Sons Retail Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Davin Sons Retail Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Davin Sons Retail Limited IPO is Jan 7, 2025.
Ans. The Davin Sons Retail Limited IPO will be listed on Jan 9, 2025.
Ans. Follow the steps to check the allotment status for Davin Sons Retail Limited IPO here.
