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Davin Sons Retail IPO is a fixed price issue of ₹8.78 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹8.78 crore.
Davin Sons Retail IPO bidding started from Jan 2, 2025 and ended on Jan 6, 2025. The allotment for Davin Sons Retail IPO was finalized on Jan 7, 2025. The shares got listed on BSE SME on Jan 9, 2025.
Davin Sons Retail IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Davin Sons Retail IPO RHP for detailed Information.
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,96,000 shares (aggregating up to ₹8.78 Cr) |
| Reserved for Market Maker | 80,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.4400 Cr) |
| Net Offered to Public | 15,16,000 shares (aggregating up to ₹8.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
Davin Sons Retail IPO offers total 15,96,000 shares. Out of which 7,58,000 (47.49%) allocated to NII, 7,58,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.01%) |
| NII (HNI) Shares Offered | 7,58,000 (47.49%) |
| Retail Shares Offered | 7,58,000 (47.49%) |
| Total Shares Offered | 15,96,000 (100.00%) |
Davin Sons Retail IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | Thu, Jan 2, 2025 |
| IPO Close Date | Mon, Jan 6, 2025 |
| Tentative Allotment | Tue, Jan 7, 2025 |
| Initiation of Refunds | Wed, Jan 8, 2025 |
| Credit of Shares to Demat | Wed, Jan 8, 2025 |
| Tentative Listing Date | Thu, Jan 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 6, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2022, Davin Sons Retail Limited manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.
The company has two business verticals:
The company's area of operation 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 has 20 employees in various sectors.
Competitive Strength
Davin Sons Retail Limited's revenue increased by 242% and profit after tax (PAT) rose by 190% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,036.2 | 883.12 | 455.97 | 5 |
| Total Income | 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 | 128.15 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Davin Sons Retail IPO is ₹28.95 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
The company proposes to utilize the net proceeds from the Issue towards funding the following objects and achieve the benefits of listing the equity shares on the BSE SME.
[Dilip Davda] The company is engaged in manufacturing ready-made garments and distribution of FMCG products. The company got converted from proprietorship to public limited entity in 2022. It posted growth in its top and bottom lines for FY24 and FY24. Based on recent earnings the issue appears fully priced. Small equity base post-IPO indicates longer gestation for migration. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | January 9, 2025 |
| BSE Script Code | 544331 |
| NSE Symbol | |
| ISIN | INE0Q2L01013 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹44.00 |
| Low | ₹41.90 |
| High | ₹46.20 |
| Last Trade | ₹46.20 |
Davin Sons Retail Ltd.
609, Sixth Floor, Road No. 44, Pitampura
P.P. City Centre Plot No. 3,Road No. 44,
Pitampura Rani Bagh-, North West Delhi -110034
Delhi, New Delhi
Phone: + 91-11- 4909212
Email: info@davinsonsretail.com
Website: http://www.davinsonsretail.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dsrl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Davin Sons Retail IPO is a SME IPO of 15,96,000 equity shares of the face value of ₹10 aggregating up to ₹8.78 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on January 2, 2025, and closes on January 6, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Davin Sons Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Davin Sons Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Davin Sons Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Davin Sons Retail IPO opens on January 2, 2025 and closes on January 6, 2025.
Davin Sons Retail IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Davin Sons Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Davin Sons Retail IPO will be done on Tuesday, January 7, 2025, and the allotted shares will be credited to your demat account by Wednesday, January 8, 2025. Check the Davin Sons Retail IPO allotment status.
The Davin Sons Retail IPO listing date is on Thursday, January 9, 2025.
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