Davin Sons Retail Limited IPO (Davin Sons IPO) Detail
Davin Sons IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 15.96 lakh shares.
Davin Sons IPO bidding started from January 2, 2025 and ended on January 6, 2025. The allotment for Davin Sons IPO was finalized on Tuesday, January 7, 2025. The shares got listed on BSE SME on January 9, 2025.
Davin Sons IPO price is ₹55 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,20,000.
Navigant Corporate Advisors Ltd is the book-running lead manager of the Davin Sons IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Davin Sons IPO is Aftertrade Broking Pvt Ltd.
Refer to Davin Sons IPO RHP for detailed information.
Davin Sons Retail Ltd Stock Quote & Charts
- Open: ₹24.15
- High – Low: ₹24.51 – ₹23.50
- Previous Close: ₹23.35
- Total Traded Value: 18,000.00
- 52 Weeks High: ₹23.50 (Jan 09, 2025)
- 52 Weeks Low: ₹41.90 (Feb 18, 2025)
- Updated On: Jan 09, 2025 4:00 PM
Davin Sons IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 15,96,000 shares (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 15,96,000 shares (aggregating up to ₹8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
| Market Maker Portion | 80,000 shares Aftertrade Broking Pvt Ltd |
Davin Sons IPO Reservation
Davin Sons IPO offers 15,96,001 shares. 7,58,000 (47.49%) to NII, 7,58,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 80,000 (5.01%) |
| Other Shares Offered | 7,58,000 (47.49%) |
| Retail Shares Offered | 7,58,000 (47.49%) |
| Total Shares Offered | 15,96,001 (100%) |
Davin Sons IPO Timeline (Tentative Schedule)
Davin Sons IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | Thu, Jan 2, 2025 |
| IPO Close Date | Mon, Jan 6, 2025 |
| Tentative Allotment | Tue, Jan 7, 2025 |
| Initiation of Refunds | Wed, Jan 8, 2025 |
| Credit of Shares to Demat | Wed, Jan 8, 2025 |
| Tentative Listing Date | Thu, Jan 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 6, 2025 |
Davin Sons IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
| Lot Size Calculator | |||
Davin Sons IPO Promoter Holding
| Share Holding Pre Issue | 90.68% |
| Share Holding Post Issue | 63.18% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Davin Sons Retail Limited
Incorporated in March 2022, Davin Sons Retail Limited manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.
The company has two business verticals:
- Manufacturing of readymade Garments through job work basis;
- Distribution of FMCG products.
The company’s area of operation is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.
As of December 2024, the company has 20 employees in various sectors.
Competitive Strength
- Diversified Product Portfolio
- Focus on Quality and Innovation
- Experienced Promoter and management team with strong industry expertise and successful track record
- Cordial relations with our customers and Suppliers.
- A diversified business model safeguards the company from industry-specific slowdowns.
Company Financials
Davin Sons Retail Limited Financial Information (Restated Consolidated)
Davin Sons Retail Limited’s revenue increased by 242% and profit after tax (PAT) rose by 190% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,036.2 | 883.12 | 455.97 | 5 |
| Revenue | 634.1 | 1,339.16 | 391.33 | |
| Profit After Tax | 73.59 | 164.05 | 56.62 | |
| Net Worth | 627.78 | 554.65 | 109.37 | |
| Total Borrowing | 194.45 | 24 | 128.15 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of Davin Sons IPO is Rs 28.95 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Davin Sons IPO Objectives)
The company proposes to utilize the net proceeds from the Issue towards funding the following objects and achieve the benefits of listing the equity shares on the BSE SME.
- To finance the Capital Expenditure for the purchase of the Warehouse
- To part finance the requirement of Working Capital
- To meet General corporate purposes;
Davin Sons IPO Review May apply
[Dilip Davda] The company is engaged in manufacturing ready-made garments and distribution of FMCG products. The company got converted from proprietorship to public limited entity in 2022. It posted growth in its top and bottom lines for FY24 and FY24. Based on recent earnings the issue appears fully priced. Small equity base post-IPO indicates longer gestation for migration. Well-informed investors may park moderate funds for medium term. Read detail review…
Davin Sons IPO Subscription Status (Bidding Detail)
The Davin Sons IPO is subscribed 120.8 times on January 6, 2025 6:19:08 PM (Day 3). The public issue subscribed 164.78 times in the retail category, [.] times in the QIB category, and 66.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 66.1 | 7,58,000 | 5,01,04,000 | 6,750 |
| Retail | 164.78 | 7,58,000 | 12,49,04,000 | 62,452 |
| Total | 120.8 | 15,16,001 | 18,31,26,000 | 1,00,365 |
Total Application : 1,00,365
*Market Maker portion is not included to NII/HNI.
Davin Sons IPO Prospectus
Davin Sons IPO Listing Details
| Listing Date | January 9, 2025 |
| BSE Script Code | 544331 |
| NSE Symbol | |
| ISIN | INE0Q2L01013 |
| Final Issue Price | ₹55 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹44.00 |
| Low | ₹41.90 |
| High | ₹46.20 |
| Last Trade | ₹46.20 |
Check IPO Performance…
Davin Sons Retail Limited Contact Details
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 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dsrl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
About The Author
