fbpx

davin sons retail sme ipo

Davin Sons Retail IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years.

India`s Oldest Investment & IPO website.
Most Trusted by Investors across India.

Table of Contents

Davin Sons Retail listing Review

As anticipated the company gave disappoiting listing. On 9th January 2025, the shares are listed at Rs. 44, discount of 20% over the issue price. 

Davin Sons Retail IPO allotment Link

What was the last grey market premium of Davin Sons Retail IPO?

Rs. 5

Subscription status of Davin Sons Retail IPO

Davin Sons Retail Limited IPO 
(Closed on6 Jan 2025)

Price Rs. 55 Lot 2000 shares, Rs. 8.78 Crore

QIB NII x RII x Total x Applications
  66.10 164.78 120.80 1,00,365
Amount wise bids recd. Rs. ? Crore
Note: 

What is the business of Davin Sons Retail IPO?

Established in March 2022, Davin Sons Retail Limited specializes in the design and manufacturing of a diverse range of high-quality ready-made garments, including jeans, denim jackets, and shirts, for various brands.

The company operates through two primary business segments:

  1. Manufacturing of ready-made garments on a job work basis.
  2. Distribution of FMCG products.

Davin Sons Retail Limited operates across multiple states, including Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, with a wide customer base spread over these regions.

As of December 2024, the company employs 20 staff members across various sectors.

Get more information about the company @ http://www.davinsonsretail.com/

Davin Sons Retail IPO Details

IPO opens on  2 January 2025
IPO closes on  6 January 2025
Issue Type Book Built Issue IPO
Issue Size 1596000 Shares /
Rs 8.78 Crore
* Fresh Issue 1596,000 Shares /
Rs 8.78 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 80,000 Shares
Net offer to Public 1516000 Shares/
Rs.8.34 Crore
Face Value per share Rs. 10
Price Band Rs. 55
Employee discount  Rs. 0 per share
Retail Lot Size  2000 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (0%)    
NII  (50%) 758000   4.17
RII  (50%) 758000    4.17
Total Shares  1516000 8.34
Retail portion will be
oversubscribed by 
379
Forms
How much Shares to Apply in this IPO?
Min Retail Application 2000 Shares Rs.110000
Min HNI Application  4000 Shares Rs. 220000

Who are the Promoters of Davin Sons Retail?

The Promoters of the company are Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora.

What are the Objects of Davin Sons Retail IPO?

The Offer comprises of fresh issue of shares.

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.

  1. To finance the Capital Expenditure for the purchase of the Warehouse
  2. To part finance the requirement of Working Capital
  3. To meet General corporate purposes;

Tentative timetable

IPO opens on 2 January 2024
IPO Closes on 6 January 2025
IPO Allotment on  7 January 2025
Refund Initiation  8 January 2025
Credit of Shares 8 January 2025
Listing on 9 January 2025
Registered Office of the Company
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
Who is the Lead Manager of this IPO?
Navigant Corporate Advisors ltd

Who is the Registrar to IPO?
Kfin Technologies ltd

Davin Sons Retail IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Davin Sons Retail IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22        
2022-23   3.91 0.57 1.82 51.77
2023-24 13.39 1.64 4.63 29.58
Book Value of the
Share on 31.03.2024
  15.65    
BV of the Share at
cap price after IPO
Rs. 28.61    
Offer Price/upper band Rs. 55    

Key Performance
indicators

Price/EPS of 23-24 11.88
Price/BV Ratio   3.51
Debt/Equity Ratio ?


How Davin Sons Retail IPO
compares with the Peers?

There are no listed companies in India that are engaged in a business similar to that of this company accordingly, it is not possible to provide an industry comparison in relation to the Company.

As on date of RHP FV PBV  PE
  Rs. Ratio Ratio of
       
       
       
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Davin Sons Retail IPO Review by Paresh Gordhandas, CA & Research Analyst.

Founded in March 2022, Davin Sons Retail Limited specializes in the design and manufacturing of a wide range of high-quality ready-made garments, including jeans, denim jackets, and shirts, for various brands.

The company operates in two primary business segments: 1) Manufacturing ready-made garments on a job work basis, and 2) Distribution of FMCG products.

While the company operates in a competitive market, its business does not offer any distinctive or novel advantages. The size of the IPO is relatively small, and given the strong interest from SME investors, oversubscription is unlikely to pose a major issue. The shares are being offered at an attractive, low valuation; however, considering the high competition in the industry, we do not recommend this IPO. While any potential grey market activity could lead to oversubscription, this should be viewed as a separate consideration.

+ from fundamental angle: Not so attractive.
+ from grey market angle: 

Quicklinks


Davin sons retail
 IPO GMP today allotment, review?

Davin sons retail IPO GMP grey market premium

Emerald Tyre

Leave a Reply

Your email address will not be published. Required fields are marked *