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Dudani Retail Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹29
Per Share
GMP
NIL
Grey Market
Est. Listing
₹29
Expected Price
Min. Application
₹232,000
2 lots × 4000 shares
IPO Issue Details
Issue Price / Price Band₹29 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size36,36,000 shares (agg. up to ₹11 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 25 Sep 2026
Subscription CloseTue, 29 Sep 2026
Anchor AllotmentThu, 24 Sep 2026
Basis of AllotmentWed, 30 Sep 2026
Initiation of RefundsThu, 01 Oct 2026
Credit of Shares to DematThu, 01 Oct 2026
Listing DateMon, 05 Oct 2026
UPI Mandate Deadline5:00 PM on 29 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,32,000 — 8000 shares
Retail — Max (13 Lots)₹1,508,000 (13 Lots)
HNI — Min (3 Lots)₹3,48,000 — 12000 shares
EPS (Pre-IPO)₹2.82
EPS (Post-IPO)₹1.83
P/E Ratio (Pre-IPO)10.28x
P/E Ratio (Post-IPO)15.85x
Net Offer to Public34,52,000 shares (agg. up to ₹10 Cr)
Reserved for Market Maker1,84,000 shares (agg. up to ₹0.5336 Cr)
Pre-IPO Promoter Holding67,50,000 shares
Post-IPO Promoter Holding1,03,86,000 shares
Fresh Issue Shares34,52,000 shares (agg. up to ₹10 Cr)
About Dudani Retail Ltd

Incorporated in December 2015, Dudani Retail Limited is an apparel and lifestyle company engaged in the designing, manufacturing, sourcing and supply of apparel and related products through own-brand operations, licensed manufacturing arrangements with Fashion & Lifestyle marketplaces and a supply arrangement with a Quick-Commerce Platform. The Company’s own-brand business primarily focuses on women’s ethnic and fusion wear sold under the brand “Divena”, including suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. These products are designed and manufactured through a combination of in-house production and outsourced value-added processes. The Company also trades in men’s wear under “Millennial Men”, where finished goods are sourced from external suppliers and sold through online channels. It selectively trades in personal care and lifestyle products under “Cosse” based on sourcing opportunities and demand patterns.In addition to its own-brand operations, the Company undertakes licensed manufacturing for Fashion & Lifestyle marketplaces, producing apparel against orders and according to specified design briefs, brand requirements and quality standards. The labels covered under these arrangements include Kalini, Corsica, Roadster, Anouk Rustic, All about you, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu and Here & Now. The Company’s role is limited to manufacturing and supplying products on a just-in-time basis, while the intellectual property rights in these labels remain with the respective licensors.The Company also supplies products to a Quick-Commerce Platform under a sell-or-return arrangement, where goods are delivered to designated hubs and payments are made periodically based on actual sales to end customers, after applicable margins. Its manufacturing facility in Jaipur, Rajasthan undertakes key processes including cutting, stitching, finishing, quality checks and dispatch, while fabric dyeing, printing, embroidery and other value-added processes are carried out through third-party processors.The Company follows an integrated workflow covering design development, fabric and material procurement, sampling, manufacturing, outsourced processing, finishing and dispatch. Its products are distributed through multiple e-commerce marketplaces, including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq and Snapdeal, as well as through its own brand websites.As on August 31, 2026, the Company had 33 permanent employees, including directors, supported by 35 temporary personnel primarily engaged in stitching and pressing activities.Competitive StrengthsPresence across multiple operating verticals.In-house manufacturing capabilities for women’s wear.Defined supply arrangement with a Quick-Commerce Platform.Asset-light model for men’s wear and selective trading categories.Established supplier network for fabrics, trims and finished goods.Multi-channel distribution through leading e-commerce marketplaces.Established relationships with Fashion & Lifestyle companies through licensed manufacturing.

Objects of the Issue

Dudani Retail Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
5
Issue Expenses
1.29
Shareholding & Lock-in
Pre-IPO Promoter Holding 67,50,000 shares
Post-IPO Promoter Holding 1,03,86,000 shares
Check AllotmentCheck Status →
Dudani Retail Ltd — Live Price LIVE
₹29.00
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Issue ₹29.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹29
GMPNIL
Est. Listing₹29
Lot Size4,000 shares
Min Amount₹232,000
Listing Date05 Oct 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹29
Listing Date05 Oct 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
NII / HNI 1,724,000 — ₹5.00 Cr 0.52x
Retail (RII) 1,728,000 — ₹5.01 Cr 2.31x
Market Maker 184,000 — ₹0.53 Cr —
TOTAL 3,452,000 100.00% ₹10.01 Cr 1.42x
* Based on ₹29.00 (upper price band)
Day-wise Subscription
NII / HNI
0.52x
Retail
2.31x
Total
1.42x
Subscribed
Lot Size & Investment Details
Lot Size
4,000
Shares
Issue Price
₹29.00
Per Share
Min Investment
₹116,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 4,000 ₹116,000
Retail (Max) 13 52,000 ₹1,508,000
sNII (Min) 14 56,000 ₹1,624,000
bNII (Min) 68 272,000 ₹7,888,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 24.59 25.29 25.13
EBITDA 2.97 2.86 1.81
Profit After Tax (PAT) 1.90 1.78 0.99
Net Worth 10.30 8.40 6.62
Total Assets 17.01 14.28 10.59
Reserves & Surplus 3.55 1.65 4.62
Total Borrowings 4.82 4.03 3.53
Key Ratios & Valuation
Issue Price ₹29
Face Value ₹10 Per Share
P/BV 1.90
RoE 18.46
RoCE 25.88
RoNW 18.46
PAT Margin (%) 7.73
EBITDA Margin (%) 12.07
Debt / Equity 0.47
Company Details
Company
Dudani Retail Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
F-93, 3rd Floor Kartarpura Industrial Area 22 Godamjaipur, Station Road Jaipur, Rajasthan, 302006
Book Running Lead Managers
Finshore Management Services Ltd
Book Running Lead Manager (BRLM)