Davin Sons Retail IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years.
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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
Rs. 5
Subscription status of Davin Sons Retail IPO
Davin Sons Retail Limited IPO 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?
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.
- To finance the Capital Expenditure for the purchase of the Warehouse
- To part finance the requirement of Working Capital
- 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? |
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
|
|
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:
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