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Durgadevi Raiment Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on October 8, 2024 to raise funds through Initial Public Offer (IPO).
Durgadevi Raiment Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the BSE SME. Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) 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 Durgadevi Raiment IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Reserved for Market Maker | 1,50,000 shares Gcm Securities Ltd. (aggregating up to ₹0.6000 Cr) |
| Fresh Issue (Ex Market Maker) | 15,00,000 shares (aggregating up to ₹6.00 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (aggregating up to ₹6.00 Cr) |
| Net Offered to Public | 30,00,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 62,40,000 shares |
| Share Holding Post Issue | 77,40,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Oct 8, 2024 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in , Durgadevi Raiment Limited is engaged in the manufacturing of kids apparels and garments and trading of yarn.
The company manufactures kids' garments as a contract manufacturer, focusing on high-quality production based on client needs, mainly supplying to a leading online platform for children's clothing.
The company operates two garment manufacturing units and one printing unit, with a monthly production capacity of 325,000 garments. Capacity may vary based on production schedules and design complexity.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15.98 | 10.34 | 8.09 |
| Total Income | 25.79 | 14.04 | 7.73 |
| Profit After Tax | 0.79 | 0.35 | 0.17 |
| Net Worth | 6.52 | 5.73 | 5.38 |
| Reserves and Surplus | 1.32 | 0.53 | 0.18 |
| Total Borrowing | 3.19 | 2.08 | 0.86 |
| Amount in ₹ Crore | |||
The market capitalization of Durgadevi Raiment IPO is ₹30.96 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 12.11% |
| ROCE | 8.13% |
| RoNW | 12.11% |
| PAT Margin | 3.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.27 | 1.02 |
| P/E (x) | 31.61 | 39.2 |
The Company Durgadevi Raiment IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding additional working capital requirements | 20 |
| 2 | Acquisition of Factory Premises on Lease Basis | 20 |
| 3 | General Corporate Purposes | 12.5 |
Durgadevi Raiment Ltd.
A5, Calcutta Land Premises No. E3-509/New,
Shibrampur Road, POGanipur,
PS-Maheshtala,
Kolkata, West Bengal, 700141
Phone: +91 7596-894111
Email: info@ddrl.in
Website: https://ddrl.in/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Durgadevi Raiment IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The Durgadevi Raiment IPO open and close dates are not available as of now.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Durgadevi Raiment IPO using UPI as a payment gateway. Zerodha customers can apply in Durgadevi Raiment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Durgadevi Raiment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Durgadevi Raiment IPO dates are not announced. Please check back again after some time.
Durgadevi Raiment IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Durgadevi Raiment 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 Durgadevi Raiment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Durgadevi Raiment IPO allotment status.
The Durgadevi Raiment IPO listing date is not yet announced. The tentative date of Durgadevi Raiment IPO listing is [.].
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