Davin Sons Retail Limited IPO is open for subscription starting on January 2, 2025. The IPO is a fixed price issue, with a total value of ₹8.78 crores, offering 15.96 lakh fresh shares. The IPO will close on January 6, 2025. The allotment of shares is expected to be finalised by January 7, 2025, and the shares will be listed on the BSE SME platform on January 9, 2025.
The fixed price for the IPO is ₹55 per share, and the minimum lot size for the application is 2,000 shares.
Check out the steps to apply for Davin Sons Retail Limited IPO!
Davin Sons IPO Timeline (Tentative)
Here’s a quick look at the Davin Sons Retail Limited IPO details:
| Key Detail | Information |
| IPO Opening Date | January 2, 2025 |
| IPO Closing Date | January 6, 2025 |
| Allotment Date | January 7, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Registrar | Kfin Technologies Ltd |
| Minimum Order Quantity | 2,000 Equity Shares |
| Maximum Bid Quantity | 1516000 |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
About Davin Sons Retail Limited
Davin Sons Retail Limited was started in March 2022 and designs stylish and high-quality clothes like jeans, denim jackets, and shirts. These clothes are made for other brands.
The company works in two main areas:
- Making Clothes: They manufacture readymade garments through job work (outsourcing some parts of the process).
- Selling Everyday Products: They also distribute fast-moving consumer goods (FMCG), like food and household items.
Their business operates in several states across India, including Haryana, Delhi, Punjab, Rajasthan, Gujarat, Bihar, Arunachal Pradesh, and Chhattisgarh. This wide reach allows them to serve customers in many areas.
Davin Sons Retail Limited IPO Key Details
- Davin Sons Retail Limited IPO Launch Date: January 2, 2025
- Davin Sons Retail Limited IPO Closing Date: January 6, 2025
- Davin Sons Retail Limited IPO Price: ₹55 per share
- Davin Sons Retail Limited IPO Lot Size: 2,000 Shares
- Davin Sons Retail Limited IPO GMP: ₹0 (as of Jan 1, 2025)
- Book Running Lead Manager: Navigant Corporate Advisors Ltd
- Registrar: Kfin Technologies Ltd
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Davin Sons Retail Limited Financial Overview
Davin Sons Retail Limited has shown impressive growth recently. Between March 2023 and March 2024, the company’s revenue jumped by 242%, and its profit after tax (PAT) increased by 190%. This means the business is earning a lot more and is becoming more profitable over time.
| Years | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) | Total Borrowing (₹ Lakhs) |
| 31 Mar 2023 | 455.97 | 391.33 | 56.62 | 109.37 | 128.15 |
| 31 Mar 2024 | 883.12 | 1,339.16 | 164.05 | 554.65 | 24 |
| 30 Sep 2024 | 1,036.20 | 634.10 | 73.59 | 627.78 | 194.45 |
FAQs – Davin Sons Retail Limited IPO
Davin Sons Retail Limited is a manufacturer of readymade garments and distributor of FMCG products, with operations across multiple Indian states.
The IPO opens on January 2, 2025, and closes on January 6, 2025.
The minimum lot size is 2,000 shares.
The Davin Sons IPO allotment is expected to be finalized by January 7, 2025.
The IPO will be listed on BSE SME on January 9, 2025.
The IPO price is fixed at ₹55 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.