Davin Sons IPO
IPO Details
- Open Date
02 Jan 2025
- Close Date
06 Jan 2025
- IPO Price Range
₹ 55
- IPO Size
₹ 8.78 Cr
- Listing Exchange
BSE SME
- Listing Date
09 Jan 2025
IPO Timeline
Davin Sons IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 2-Jan-25 | - | 0.55 | 4.89 | 2.72 |
| 3-Jan-25 | - | 3.03 | 22.03 | 12.53 |
Last Updated: 03 January 2025 6:55 PM by 5Paisa
Davin Sons Retail IPO is set to open on 2 January 2025 and will close on 6 January 2025. Davin Sons Retail specializes in manufacturing high-quality readymade garments like jeans, denim jackets, and shirts, alongside distributing FMCG products.
The IPO is an entirely fresh issue of 0.16 Cr shares aggregating to ₹8.78 Cr. The price is set at ₹55 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalised on 7 January 2025. It will go public on BSE SME, with a tentative listing date of 9 January 2025.
Navigant Corporate Advisors Ltd is the book running lead manager, while Kfin Technologies Ltd is the registrar.
Davin Sons IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹8.78 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹8.78 Cr. |
Davin Sons IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 110,000 |
| Retail (Max) | 1 | 2000 | 110,000 |
| HNI (Min) | 2 | 4000 | 220,000 |
Davin Sons IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| NII (HNI) | 3.03 | 7,58,000 | 22,98,000 | 12.64 |
| Retail | 22.03 | 7,58,000 | 1,66,98,000 | 91.84 |
| Total** | 12.53 | 15,16,001 | 1,89,96,000 | 104.48 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
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
Davin Sons Retail specializes in manufacturing high-quality readymade garments like jeans, denim jackets, and shirts, alongside distributing FMCG products. Operating across multiple Indian states, the company leverages a diversified portfolio, quality focus, and experienced management. Its robust business model, strong customer-supplier relations, and innovation-driven approach ensure resilience against industry-specific challenges.
Established in: 2022
Chairman & MD: Mr. Mohit Arora
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | - | 3.91 | 13.39 |
| EBITDA | - | 0.69 | 2.34 |
| PAT | - | 0.57 | 1.64 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 0.05 | 4.56 | 8.83 |
| Share Capital | 0.05 | 0.11 | 3.67 |
| Total Borrowings | - | 1.28 | 0.24 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -0.05 | - | -1.33 |
| Net Cash Generated From / (used in) investing activities | - | -0.20 | -0.44 |
| Net Cash Generated From / (used in) financing activities | 0.05 | 0.05 | 1.77 |
| Net Increase (Decrease) In Cash And Cash Equivalents | - | 0.54 | 0.01 |
Strengths
1. Diverse product range including garments and FMCG distribution ensures stable revenue streams.
2. Focus on quality and innovation builds strong customer loyalty and market differentiation.
3. Experienced management team provides strategic vision and operational efficiency.
4. Wide geographical presence across multiple Indian states enhances market reach.
5. Strong customer and supplier relationships support business sustainability and growth.
Risks
1. Limited workforce may restrict scalability and operational efficiency in growing markets.
2. Dependence on specific regions exposes the business to localized economic fluctuations.
3. Competition from established brands poses challenges in market penetration and brand recognition.
4. Job work manufacturing model limits control over production quality and timelines.
5. Lack of a proprietary brand reduces margins and customer recall value.
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FAQs
Davin Sons IPO opens from 2 January 2025 to 6 January 2025.
The size of Davin Sons IPO is ₹8.78 Cr.
The price of Davin Sons IPO is fixed at ₹55 per share.
To apply for Davin Sons Retail IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Davin Sons Retail IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Davin Sons IPO is 2,000 shares and the investment required is ₹110,000.
The share allotment date of Davin Sons IPO is 7 January 2025
The Davin Sons IPO will be listed on 9 January 2025.
Navigant Corporate Advisors Ltd is the book running lead manager for Davin Sons IPO.
Davin Sons Retail plans to utilise the raised capital from the IPO for:
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
Contact Information
Davin Sons
Davin Sons Retail Limited
609, Sixth Floor, Road No. 44, Pitampura
P.P. City Centre Plot No. 3,Road No. 44,
Pitampura Rani Bagh-, North West Delhi -110034
Phone: + 91-11- 4909212
Email: info@davinsonsretail.com
Website: http://www.davinsonsretail.com/
Davin Sons IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dsrl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Davin Sons IPO Lead Manager
Navigant Corporate Advisors Ltd