Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Thu, Jan 2, 2025 - Mon, Jan 6, 2025
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 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 for investment in 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 Open
Thu, Jan 2, 2025
IPO Close
Mon, Jan 6, 2025
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹28.95 Cr
| IPO Date | 2 to 6 Jan, 2025 |
| Listed on | Thu, Jan 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,96,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 80,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.4400 Cr) |
| Fresh Issue (Ex Market Maker) | 15,16,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 15,16,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
| BSE Script Code | 544331 |
| ISIN | INE0Q2L01013 |
Davin Sons Retail IPO comprises a total issue size of 15,96,000 shares. The net offer to the public is 15,16,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,58,000 (50.00%) allocated to NII 7,58,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,58,000 | 50.00% | 47.49% |
| Retail Shares Offered | 7,58,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.01% | |
| Total Shares Offered | 15,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10.36 | 8.83 | 4.56 | 0.05 |
| Total Income | 6.34 | 13.39 | 3.91 | |
| Profit After Tax | 0.74 | 1.64 | 0.57 | |
| NET Worth | 6.28 | 5.55 | 1.09 | |
| Total Borrowing | 1.94 | 0.24 | 1.28 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the Capital Expenditure for purchase of Warehouse; | 1.36 |
| 2 | To part finance the requirement of Working Capital; | 4.22 |
| 3 | General corporate purposes | 1.90 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
| Promoter Holding | 90.68% | 63.18% |
| Market Cap | ₹28.95 Cr. |
The Davin Sons IPO is subscribed 120.8 times on January 6, 2025 6:19:08 PM (Day 3). The public issue subscribed 164.78 times in the retail category, [.] times in the QIB category, and 66.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 66.1 | 7,58,000 | 5,01,04,000 | 6,750 |
| Retail | 164.78 | 7,58,000 | 12,49,04,000 | 62,452 |
| Total | 120.8 | 15,16,001 | 18,31,26,000 | 1,00,365 |
Total Application : 1,00,365
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc. | 0.55 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.65 |
| 4 | Regulatory & other expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹44.00 |
| Low | ₹41.90 |
| High | ₹46.20 |
| Last Trade | ₹46.20 |
Lead Manager Reports
Davin Sons Retail IPO is a SME IPO of 15,96,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 2, 2025, and closes on Mon, Jan 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 Thu, Jan 2, 2025 and closes on Mon, Jan 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 Wed, Jan 8, 2025. Check the Davin Sons Retail IPO allotment status.
The Davin Sons Retail IPO listing date is on Thu, Jan 9, 2025.
