Davin Sons Retail Ltd. was incorporated on August 01, 2022. The company specializes in manufacturing and designing ready-made garments, producing high-quality jeans, denim jackets, and shirts for various brands. Its operations encompass cutting, stitching, sewing, finishing, inspection, and packing
| Bidding Dates |
|---|
| 02 Jan 2025 - 06 Jan 2025 |
| Subscription |
|---|
| 114.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 2000 | 1.6 M | ₹55 | 63.18 % | ₹87.8 M | RHP DOC |
Davin Sons Retail Ltd. IPO SUBSCRIPTION STATUS
06 Jan '25Davin Sons Retail Ltd. IPO overall subscription rate was 114.79 times the total available shares
Davin Sons Retail Ltd. IPO retail subscription rate was 156.52 times in the retail segment
Davin Sons Retail Ltd. IPO non-institutional investor subscription rate was 73.06 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Jan 2025 (Day 3) | 156.52x | 73.06x | - |
03 Jan 2025 (Day 2) | 20.92x | 2.98x | - |
02 Jan 2025 (Day 1) | 4.64x | 0.53x | - |
Davin Sons Retail Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 7.4 | 62.8 | -8.6 | -9.5 | 17.2% |
| FY24 | 16.4 | 133.9 | -13.3 | -17.6 | 17.4% |
| FY23 | 5.7 | 38.3 | 0.0 | -0.4 | 18.0% |
Davin Sons Retail Ltd. IPO SUBSCRIPTION STATUS DETAILS
Davin Sons Retail Ltd. had 1.6 M shares on offer
Davin Sons Retail Ltd. IPO offer price was ₹55
Davin Sons Retail Ltd. IPO minimum Investment was ₹110000
Davin Sons Retail Ltd. IPO issue size was ₹ 87.8 M
Davin Sons Retail Ltd. had a minimum lot size of 2000 Shares per application
Davin Sons Retail Ltd. NUMBER OF SHARES ON OFFER
Davin Sons Retail Ltd. IPO IMPORTANT DATES
| Issue Open Date | 02 Jan 2025 |
| Issue close Date | 06 Jan 2025 |
| Allotment Date | 07 Jan 2025 |
| Refund Date | 08 Jan 2025 |
| Demat Account Credit Date | 08 Jan 2025 |
| Listing Date | 09 Jan 2025 |
| Listing on Exchange(s) | BSE |
| Davin Sons Retail Ltd. Allotment Status | Exchange |
Davin Sons Retail Ltd. IPO subscription opened on 02 Jan 2025, and closed on 06 Jan 2025
IPO allotment for Davin Sons Retail Ltd. was finalized on Tuesday, 07 Jan 2025
IPO listing for Davin Sons Retail Ltd. was on BSE on Thursday, 09 Jan 2025
Davin Sons Retail Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 55.0 |
| Listing Open Price | 44.0 |
| Listing Close Price | 46.2 |
| Listing Gain% | -20.0% |
| Current Gain% | -49.1% |
Davin Sons Retail Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Davin Sons Retail Ltd. | 28 | 14.7 | 24.1 | -0.4 | 1.8 | 3.9 | 3.6 | 8.2 | -39.8 | 0.8 | -53.7 | 1.2 | -63.2 |
| KPR Mill Ltd. | 1086 | 37121 | 40.7 | 3.8 | 5.4 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 26.7 | 10.7 |
| Vardhman Textiles Ltd. | 608.3 | 17608.8 | 20.8 | -43.9 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.3 | 15757.9 | 77.1 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 550.6 | 14979.9 | 36.2 | 2.1 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 24.8 | 12643.1 | 32 | -3.4 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Davin Sons Retail Ltd. INFORMATION ON IPO ISSUE
About Davin Sons Retail Ltd.
Davin Sons Retail Ltd. was incorporated on August 01, 2022. The company specializes in manufacturing and designing ready-made garments, producing high-quality jeans, denim jackets, and shirts for various brands. Its operations encompass cutting, stitching, sewing, finishing, inspection, and packing
Object of the Issue
- To finance the capital expenditure for purchase of warehouse
- To part finance the requirement of incremental working capital
- To meet general corporate purposes
- To meet the expenses of the issue
Davin Sons Retail Ltd. - PROMOTERS
| Name |
|---|
| Mohit Arora |
| Nohit Arora |
| Sonam Arora |
| Rajesh Kumar |
| Saloni Mehra |
Davin Sons Retail Ltd. Lead Manager of the Issue
Navigant Corporate Advisors Limited
navigant@navigantcorp.com
Davin Sons Retail Ltd. Registrar to the issue
KFin Technologies Limited
dsrl.ipo@kfintech.com
Davin Sons Retail Ltd. Strengths
Diversified product portfolio
The company has adapted to market demands by periodically diversifying its product portfolio. It offers a wide range of ready-made garments and FMCG products for major FMCG companies in India, catering to diverse customer requirements
Quality and innovation
The company emphasizes quality and innovation as the foundation of its strategy, continuously striving to enhance product standards. This focus enables it to compete effectively with peers while adhering to a strict policy of delivering quality products
Diversified business model
The company operates in diverse business segments, including Readymade Garments and FMCG, managed by dedicated professional teams for each vertical. This diversification ensures that a slowdown in one industry does not significantly affect the company's overall revenue
Davin Sons Retail Ltd. Risks
Depend on third-party manufacturers
The company relies on third-party manufacturers to produce its readymade garments. Any issues, interruptions, or unavailability of these facilities on acceptable terms could negatively impact its business, operations, and financial condition
Risk of product defects
Product defects could lead to customer dissatisfaction, significant costs, damage to the brand's reputation, diminished sales, and potential negative publicity
Absence of long-term contracts
The absence of long-term contracts with clients exposes the company to risks from changes in customer preferences or the loss of key clients, which could negatively impact revenues, cash flows, and operations
IPO FAQs
The promoters of the company are Mohit Arora, Nohit Arora, Sonam Arora, Rajesh Kumar and Saloni Mehra.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 55.0 - 55.0.
The IPO application opens on Jan 02, 2025 and closes on Jan 06, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Jan 07, 2025.
The refund will be credited to your account on Jan 08, 2025.
The allotted shares will be credited to your demat on Jan 08, 2025.
Davin Sons Retail Ltd.’s shares listed on the stock exchanges on Jan 09, 2025.