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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹8.78 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹8.78 Cr |
| Fresh Issue | ₹8.34 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹55.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544331 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Navigant Corporate Advisors Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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:
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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the Capital Expenditure for purchase of Warehouse | 1.36 |
| 2 | To part finance the requirement of Working Capital | 4.22 |
| 3 | General Corporate Purposes | 1.90 |
| 4 | Issue expenses | 1.30 |
| Total | 8.78 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10.36 | 8.83 | 4.56 | 0.05 |
| Total Income | 6.34 | 13.39 | 3.91 | |
| Profit After Tax | 0.74 | 1.64 | 0.57 | |
| NET Worth | 6.28 | 5.55 | 1.09 | |
| Total Borrowing | 1.94 | 0.24 | 1.28 | |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
| Promoter Holding | 90.68% | 63.18% |
| Market Cap | ₹28.95 Cr. | |
