Davin Sons SME: Check IPO Date, Live Subscription and Key Details
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'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.
Price Range
₹55.00
Issue Size
₹8.78 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
₹5(+9.09%)
Est. Listing Price
₹60
Estimate Profit
₹20,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
2.8
P/E Ratio
19.67
RoNW
29.58%
ROE
49.41%
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Timeline
IPO Opens
2 Jan
IPO Closes
6 Jan
Allotment
7 Jan
Listing
9 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 2 January 2025 | Subscription starts |
| IPO Close Date | 6 January 2025 | Subscription ends |
| Allotment Date | 7 January 2025 | Allotment |
| Listing Date | 9 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,20,000 |
SHNI (Min) | 3 | ₹3,30,000 |
SHNI (Max) | 9 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 10 | ₹11,00,000 |
IPO Objectives
- To finance the Capital Expenditure for the purchase of the Warehouse
- To part finance the requirement of Working Capital
- To meet General corporate purposes
Strengths
- The company offers a diverse range of readymade garments and FMCG products to meet customer needs and expand business.
- The company maintains high quality standards with a strict quality control policy for all materials and products.
- Despite being incorporated in 2022, the company saw growth in revenue and PAT from FY23 to FY24.
- Revenue increased from Rs 3.83 crore in FY23 to Rs 13.39 crore in FY24, while PAT grew from Rs 0.57 crore to Rs 1.64 crore.
Weaknesses
- The company has a limited operating history, making it difficult for investors to assess its performance or potential.
- A large portion of revenue comes from the top 10 customers, contributing up to 80.51% in FY24, with any loss or reduction in business from them posing a risk.
- The company and its directors are involved in ongoing legal proceedings, and any adverse judgments could harm business prospects.
- Most revenue comes from specific regions, and adverse developments in these areas could negatively affect operations and finances.
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Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 10.36 | 8.83 | 4.56 |
| Revenue (₹ Cr.) | 6.34 | 13.39 | 3.91 |
| PAT (₹ Cr.) | 0.74 | 1.64 | 0.57 |
| Net Worth (₹ Cr.) | 6.28 | 5.55 | 1.09 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.55x | 3.03x | 66.1x |
| RII | 4.89x | 22.03x | 164.78x |
| Total | 2.72x | 12.53x | 120.8x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 7,58,000 | 5,01,04,000 | 275.57 |
| RII | 7,58,000 | 12,49,04,000 | 686.97 |
| Total | 15,16,001 | 18,31,26,000 | 1,007.19 |
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Company 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
- +91-11- 4909212
- info@davinsonsretail.com
- http://www.davinsonsretail.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- dsrl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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