IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size15,96,000 shares (aggregating up to ₹8.78 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 02 Jan 2025
Subscription CloseMon, 06 Jan 2025
Anchor AllotmentWed, 01 Jan 2025
Basis of AllotmentTue, 07 Jan 2025
Initiation of RefundsWed, 08 Jan 2025
Credit of Shares to DematWed, 08 Jan 2025
Listing DateThu, 09 Jan 2025
UPI Mandate Deadline2025-01-06
Application & Investment Details
Retail — Min (1 Lots)110000 — 2000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)220000 — 4000 shares
EPS (Pre-IPO)₹4.47
EPS (Post-IPO)₹2.80
P/E Ratio (Pre-IPO)12.29x
P/E Ratio (Post-IPO)19.67x
Net Offer to Public15,16,000 shares (aggregating up to ₹8.34 Cr)
Reserved for Market Maker80,000 shares (aggregating up to ₹0.4400 Cr)
Pre-IPO Promoter Holding36,66,792 shares
Post-IPO Promoter Holding52,62,792 shares
About Davin Sons Retail Ltd.
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:Manufacturing of readymade Garments through job work basis;Distribution of FMCG products.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 StrengthDiversified Product PortfolioFocus on Quality and InnovationExperienced Promoter and management team with strong industry expertise and successful track recordCordial relations with our customers and Suppliers.A diversified business model safeguards the company from industry-specific slowdowns.
Objects of the Issue
Davin Sons Retail Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To finance the Capital Expenditure for the purchase of the Warehouse
2
To part finance the requirement of Working Capital
3
To meet General corporate purposes;
Shareholding & Lock-in
Pre-IPO Promoter Holding
36,66,792 shares
Post-IPO Promoter Holding
52,62,792 shares