Fixed Price IPO | ₹11 Cr | Listing at BSE SME |
Dudani Retail Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 31, 2026 to raise funds through Initial Public Offer (IPO).
Dudani Retail Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.36 crore equity shares worth ₹10.54 crores.
The equity shares are proposed to be listed on the BSE SME. Finshore Management Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Dudani Retail IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,36,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,84,000 shares (agg. up to ₹0.5336 Cr) |
| Fresh Issue (Ex Market Maker) | 34,52,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 34,52,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 67,50,000 shares |
| Share Holding Post Issue | 1,03,86,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 31, 2026 |
Dudani Retail IPO comprises a total issue size of 36,36,000 shares. The net offer to the public is 34,52,000 shares, after excluding 1,84,000 shares allotted on a firm basis. Of the Net offer 17,24,000 (49.94%) allocated to NII 17,28,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,24,000 | 49.94% | 47.41% |
| Retail Shares Offered | 17,28,000 | 50.06% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,84,000 | 5.06% | |
| Total Shares Offered | 36,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples of 4,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 8,000 | ₹2,32,000 |
| Individual investors (Retail) (Max) | 2 | 8,000 | ₹2,32,000 |
| HNI (Min) | 3 | 12,000 | ₹3,48,000 |
Dudani Retail Limited, incorporated in December 2015, designs, manufactures, sources, and supplies apparel and related products. It operates through own-brand, licensed manufacturing with Fashion & Lifestyle marketplaces, and a supply arrangement with a quick commerce platform.
The company's activities include manufacturing women’s ethnic and fusion wear, trading men’s wear, and fulfilling JIT orders for licensed labels through agreements with Fashion & Lifestyle marketplaces. It operates from rented premises at F-93, 4th Floor, Kartarpura Industrial Area, Jaipur, Rajasthan, where key processes like cutting, stitching, finishing, quality checks, and dispatch are done. Fabric dyeing, printing, embroidery, and related operations are handled by third-party processors.
The company manufactures products under licensed arrangements with a Fashion & Lifestyle Marketplace/e-commerce. The labels covered under these arrangements include Kalini, Corsica, Roadster, Anouk Rustic, All about you, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu, Here & Now.
The company supplies products to a Quick-Commerce Platform, where goods are delivered to hubs on a sell-or-return basis. Title transfers to Quick-Commerce upon acceptance, with payments made periodically based on actual sales after margins.
The company's products are sold via multiple e-commerce marketplaces like Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, and through our website.
As of February 28, 2026, the Company had 35 employees, including directors.
Competitive Strength:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 16.21 | 14.28 | 10.59 | 11.96 |
| Total Income | 13.90 | 25.29 | 25.13 | 24.18 |
| Profit After Tax | 1.05 | 1.78 | 0.99 | 0.64 |
| EBITDA | 1.60 | 2.86 | 1.81 | 1.27 |
| NET Worth | 9.45 | 8.40 | 6.62 | 5.62 |
| Reserves and Surplus | 2.70 | 1.65 | 4.62 | 3.62 |
| Total Borrowing | 3.95 | 4.03 | 3.53 | 3.51 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility | 0.79 |
| 2 | Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company. | 3.00 |
| 3 | To meet Working Capital Requirements | 3.97 |
| 4 | To be utilized towards Strategic initiatives, partnerships, joint ventures and acquisitions; Brand building and strengthening of promotional, marketing activities and advisory; On-going general corporate exigencies or any other purposes as approved by the Board subject to compliance with the necessary regulatory provisions etc. | 1.50 |
| Total | 9.26 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.19% | |
| ROCE | 15.85% | 31.60% |
| Debt/Equity | 0.42 | 0.48 |
| RoNW | 11.13% | 21.19% |
| PAT Margin | 7.56% | 7.04% |
| EBITDA Margin | 11.48% | 11.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100.00% | 64.99% |
Lead Manager Reports
Dudani Retail IPO is a SME IPO of 36,36,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The Dudani Retail IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dudani Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Dudani Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dudani Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dudani Retail IPO dates are not announced. Please check back again after some time.
Dudani Retail IPO lot size is 4000, and the minimum amount required for application is ₹2,32,000, with 2 lots being the minimum application size.
You can apply in Dudani 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 Dudani Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dudani Retail IPO allotment status.
The Dudani Retail IPO listing date is not yet announced. The tentative date of listing is .
