Davin Sons Retail Limited IPO
BSE SMEListed On: Jan 9, 2025 at ₹ 44.0
₹ 220000 /4000 Shares
*Min Investment
02 Jan, 2025
Open Date06 Jan, 2025
Close Date07 Jan, 2025
Allotment Date09 Jan, 2025
Listing DateDavin Sons Retail IPO Issue Details
- Issue Price ₹55 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 15,96,000 shares(aggregating up to ₹8.78 crore)
- Fresh Share 15,96,000 shares(aggregating up to ₹8.78 crore)
- Listing at BSE SME
- List Price 44.0
- Listing Date 2025-01-09
- Lead Manager Navigant Corporate Advisors Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,10,000 |
| Retail(max) | 1 | 2000 | ₹1,10,000 |
| NII (min) | 2 | 4000 | ₹2,20,000 |
Davin Sons Retail IPO Reservation
Davin Sons Retail IPO offers total 15,96,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,7,58,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 80,000 (5.01%) | |
| Retail Shares Offered | 7,58,000 (47.49%) | |
| Total Shares Offered | 15,96,001 (100%) |
Davin 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 Analysis And 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
Davin Sons Retail Company Financials
| 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 Davin Sons Retail 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)
Mr Mohit Arora
Mr Nohit Arora
Mr Davinder Arora
Mrs Lalita Rani
Mrs Sonam Arora
Pre Issue Share Holding : 90.68%
Post Issue Share Holding : 63.18%
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
Contact 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 -110034
+ 91-11- 4909212
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Davin Sons Retail Limited IPO is 15,96,000 shares(aggregating up to ₹8.78 Cr).
Ans. The Davin Sons Retail Limited IPO price band is set between ₹55 per equity share.
Ans. To apply for Davin Sons Retail Limited 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 Davin Sons Retail Limited IPO allotment status online.
