Davin Sons IPO Allotment Status

Summary

Davin Sons Retail Limited has established itself in India's garment manufacturing sector, specializing in creating high-quality readymade garments including jeans, denim jackets, and shirts for various brands. The company operates through two main business channels: manufacturing readymade garments on a job work basis and distributing FMCG products. Their operations span across several Indian states, including Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh.

The company has launched its IPO with a total issue size of ₹8.78 crore through a fresh issue of 15.96 lakh shares. This fixed-price issue opened on January 2, 2025, and closed on January 6, 2025. The allotment date is scheduled for Tuesday, January 7, 2025.
 

Steps to Check Davin Sons IPO Allotment Status on Registrar Site

• Visit Kfin Technologies Limited website.
• Select "Davin Sons IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Davin Sons IPO Allotment Status on BSE SME

• Visit the BSE or NSE IPO Allotment Page.
• Select "Davin Sons IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Davin Sons Subscription Status

The Davin Sons IPO has received strong investor interest, achieving an overall subscription of 120.8 times. Here's a detailed breakdown of the subscription status as of 6:19:08 PM on January 6, 2025:

• Retail Category: 164.78 times
• Non-Institutional Investors (NII): 66.1 times

As of 6:19:08 PM

Utilisation of IPO Proceeds

The company plans to use the raised funds strategically for several key purposes:

• Infrastructure Development: Financing capital expenditure for warehouse purchase to enhance storage and distribution capabilities.
• Working Capital Requirements: Meeting the company's working capital needs to support business growth and operations.
• General Corporate Purposes: Supporting various business objectives and operational requirements.
   

Davin Sons IPO - Listing Details

The shares are scheduled to list on January 9, 2025, on the BSE SME platform. The strong subscription rate of 120.8 times demonstrates significant investor interest in Davin Sons' business model and growth prospects. The company's dual focus on garment manufacturing and FMCG distribution, combined with its expansion plans, positions it well for future growth. Investors who have applied can check their allotment status through the registrar's website or BSE SME on January 7, 2025, with trading set to begin on January 9, 2025.

This fixed-price issue, priced at ₹55 per share, offers investors an opportunity to participate in the growth story of a company that has shown impressive growth, with revenue increasing by 242% between FY 2023 and FY 2024. The company's strong presence across multiple states and its diversified business model provide potential for sustained growth in the coming years.