Davin Sons IPO - Day 3 Subscription at 55.65 Times

Davin Sons' initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed remarkable growth in demand, with subscription rates progressing from 2.72 times on day one, to 12.53 times on day two, and reaching an impressive 55.65 times by 12:34 PM on the final day.
 

Davin Sons IPO, which opened on 2nd January 2025, has seen outstanding participation across categories. The Retail Investors segment has shown exceptional interest, reaching 90.08 times subscription, while Non-Institutional Investors achieved strong subscription at 21.22 times. This being a fixed price SME issue, it has been structured differently from regular mainboard IPOs.

Davin Sons IPO’s robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the readymade garments manufacturing sector. Being listed on the BSE SME platform, the issue has attracted significant retail investor attention.
 

Subscription Status of Davin Sons IPO:

*As of 12:34 PM

Here are the subscription details for Davin Sons IPO as of Day 3 (6th January 2025, 12:34 PM):

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights Davin Sons IPO Day 3 Subscription

• Overall subscription reached impressive 55.65 times on the final day
• Retail investors showing exceptional response at 90.08 times subscription
• Non-Institutional Investors achieved strong 21.22 times subscription
• Total bids worth ₹464.00 crores received
• Applications reached 46,586 showing robust retail interest
• Market response indicating tremendous demand
• Both categories showing substantial oversubscription
• Final day demonstrating significant investor confidence
• Strong retail participation continuing

Davin Sons IPO - Day 2 Subscription at 12.53 Times

Key Highlights

• Overall subscription grew significantly to 12.53 times
• Retail investors showed strong momentum at 22.03 times
• Non-institutional investors increased to 3.03 times
• Day two witnessed accelerated participation
• Market response showing growing confidence
• Subscription trend indicating strong demand
• Both segments demonstrating consistent growth
• Strong retail interest building up
• Second day exceeding initial expectations
   

Davin Sons IPO - Day 1 Subscription at 2.72 Times

Key Highlights:

• Overall subscription opened at 2.72 times
• Retail investors began well at 4.89 times
• Non-institutional investors started at 0.55 times
• Opening day showed promising response
• Initial momentum indicating good interest
• Market confidence evident in retail segment
• Strong retail demand visible from start
• Day one setting positive tone
• Both categories showing early interest

About Davin Sons Retail Limited 

Incorporated in March 2022, Davin Sons Retail Limited has established itself in manufacturing and designing high-quality readymade garments, including jeans, denim jackets, and shirts for other brands. Their business operations are divided into two main verticals: manufacturing of readymade garments through job work basis and distribution of FMCG products. The company's operations span across multiple states including Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh.

As of December 2024, the company maintains a workforce of 20 employees across various sectors. Their financial performance demonstrates remarkable growth with revenue increasing by 242% and profit after tax rising by 190% between FY2023 and FY2024. For FY2024, the company reported revenue of ₹13.39 crores with a PAT of ₹1.64 crores.

Their competitive strengths lie in their diversified product portfolio, focus on quality and innovation, experienced management team, strong customer and supplier relationships, and a business model that safeguards against industry-specific slowdowns.
 

Highlights of the Davin Sons IPO

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹8.78 crores
• Fresh Issue: 15.96 lakh shares
• Face value: ₹10 per share
• Issue price: ₹55 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,10,000
• Minimum investment for HNI: ₹2,20,000 (2 lots)
• Market maker reservation: 80,000 shares
• Listing at: BSE SME
• IPO opens: 2nd January 2025
• IPO closes: 6th January 2025
• Allotment date: 7th January 2025
• Refund initiation: 8th January 2025
• Credit of shares: 8th January 2025
• Listing date: 9th January 2025
• Lead Manager: Navigant Corporate Advisors Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: Aftertrade Broking Pvt Ltd