The Davin Sons IPO is being offered as a fixed-price issue amounting to ₹8.78 crores. The issue comprises entirely a fresh issuance of 15.96 lakh shares.
The IPO is scheduled to open for subscription on January 2, 2025, and will close on January 6, 2025. The allotment of shares is expected to be finalized on Tuesday, January 7, 2025. The IPO is planned to be listed on the BSE SME platform, with a tentative listing date of Thursday, January 9, 2025.
The price of the Davin Sons IPO has been set at ₹55 per share. A minimum lot size of 2,000 shares has been specified, requiring a minimum investment of ₹1,10,000 for retail investors. For HNIs, the minimum investment is set at 2 lots (4,000 shares), amounting to ₹2,20,000.
Get the Davin Sons IPO RHP for detailed information.
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | February 9, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 55 to ₹ -- / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹8.78 Cr |
| Fresh Issue | ₹8.78 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 36,66,792 |
| Share holding post issue | 52,62,792 |
| Market Maker portion | 80,000 |
Davin Sons Retail Limited IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment | January 7, 2025 |
| Initiation of Refunds | February 8, 2025 |
| Credit of Shares to Demat | -- |
| Listing Date | February 9, 2025 |
| Cut-off time for UPI mandate confirmation | February 6, 2025 |
A minimum bid of 2,000 shares can be placed by investors, with bids required to be made in multiples of this lot size. The table below provides a depiction of the minimum and maximum investment for retail investors and HNIs, presented in terms of the number of shares and corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | |
| Retail (Max) | 1 | 2,000 | |
| S-HNI (Min) | 2 | 4,000 | |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 90.68% |
| Share Holding Post Issue | 63.18% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 50% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 50% of the Net Issue |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in March 2022, Davin Sons Retail Limited is engaged in the manufacturing and designing of a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts, which are produced for other brands.
Two business verticals are operated by the company:
The company’s operations are spread across the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, with customers located across a wide geographical area.
| KPI | Values |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| Debt/Equity | |
| RoNW | 29.58% |
| P/BV | |
| PAT Margin (%) | 12.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
The net proceeds from the issue are proposed to be utilized by the company for funding the following objectives and to gain the benefits associated with listing equity shares on the BSE SME:
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/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: dsrl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
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