Davin Sons Retail Limited
Fixed Price IPO · BSE
- Price band
- ₹55 - ₹55
- Lot size
- 2,000 shares
- Issue amount
- ₹8.78 cr
- Total subscription
- 115.49×
- Opens
- 2 Jan 2025
- Closes
- 6 Jan 2025
- Allotment
- 7 Jan 2025
- Listing
- 9 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 15,96,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,10,000
- Fresh issue
- ₹8.78 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,10,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 36,66,792
- Shares after issue
- 52,62,792
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 2,000 | ₹1,10,000 |
| HNI | 2 | 4,000 | ₹2,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.01 | 4.63 | 1.82 |
| ROE | 12.45 | 49.41 | 51.77 |
| ROCE | 15.37 | 54.52 | 33.21 |
| RONW | 11.72 | 29.58 | 51.77 |
| PRE IPO (PE) | 0 | 12.29 | 0 |
| POST IPO (PE) | 19.67 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in March 2022, Davin Sons Retail Limited is a rapidly growing company engaged in garment manufacturing and FMCG distribution. It manages the entire garment production process—from cutting and stitching to finishing and packing—offering a wide range of readymade garments such as jeans, denim jackets, and t-shirts for clients like A3 Retail, V-Bazaar, and V2 Retail. In addition to apparel, the company distributes FMCG products from popular brands to retailers, shopkeepers, and distributors across Delhi, Haryana, West Bengal, Uttar Pradesh, Punjab, Rajasthan, and Arunachal Pradesh. Demonstrating impressive growth, Davin Sons Retail achieved a 242% rise in revenue and a 190% increase in profit after tax in FY 2024.
Strengths
- Wide Variety of Products: We offer a broad range of products to meet the unique needs of our customers.
- Quality and Innovation First: We’re dedicated to creating top-quality products and constantly improving them.
- Experienced Leadership: Our skilled management team has a history of achieving great results.
- Trusted Partnerships: We’ve built strong, lasting connections with our customers and suppliers.
- Versatile Business Approach: Our diverse business model helps reduce risks from market changes.
Risk factors
- Limited Operating History: The company is newly formed and recently acquired an existing business, making it harder to evaluate past performance or predict future growth.
- Litigation Risks: The company, along with its promoters and directors, is involved in ongoing legal cases. If the outcomes aren’t favorable, it could impact the company’s reputation and financial health.
- Warehouse Dependency: The company depends on warehouses it doesn’t own, which could lead to challenges in managing operations and ensuring smooth continuity.
Promoters
Mr Mohit Arora
Mr Nohit Arora
Mr Davinder Arora
Mrs Lalita Rani
Mrs Sonam Arora
Registrar & documents
Lead manager
Navigant Corporate Advisors Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
609, Sixth Floor, Road No. 44, Pitampura P.P. City Centre Plot No. 3,Road No. 44, Pitampura Rani Bagh-, North West Delhi -110034
+ 91-11- 4909212
[email protected]Company website ↗Understanding DAVIN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.