Davin Sons IPO is set to open on January 2, 2025, and will close on January 6, 2025. The Davin Sons IPO is a Book Built Issue, aiming to raise approximately ₹8.78 crores. This includes a fresh issue of ₹8.78 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹10.
Davin Sons IPO Price band is set at ₹55 per share. The quota allocation is 50% for Retail investors, [.]% for Qualified Institutional Buyers (QIB), and 50% for Non-Institutional Investors (HNI). Leo Dryfruits IPO is scheduled to list on BSE on January 9, 2025, with the allotment announcement on January 7, 2025.
The company reported revenue of ₹13.39 crores in 2024, compared to ₹3.91 crores in 2023. It posted a Profit of ₹1.64 crores in 2024, compared to a Profit of ₹0.57 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Davin Sons IPO Details
- Davin Sons IPO Market Lot
- Davin Sons IPO Dates
- About Davin Sons
- Promoters of Davin Sons
- Davin Sons IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Davin Sons IPO GMP (Grey Market Premium)
- Davin Sons Subscription Status
- Davin Sons Allotment Status
- IPO Registrar
- IPO Lead Managers
- Davin Sons Contact
- FAQs
Davin Sons IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Davin Sons Limited |
| Industry | Apparel Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | January 2, 2025 |
| Close Date | January 6, 2025 |
| Total Issue Size | Approx ₹8.78 Crores |
| Fresh Issue | Approx ₹8.78 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹55 Per Share |
| Listing on | BSE SME |
| Lot Size | 2000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | [.]% |
| Shares Offered to HNI | 50% |
Davin Sons IPO Market Lot
Davin Sons IPO has a minimum lot size of 2,000 shares, with an amount of ₹1,10,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Davin Sons IPO Dates
Davin Sons IPO opens on January 2, 2025, and closes on January 6, 2025. The allotment will be announced on January 7, 2025, and the IPO will be listed on January 9, 2025.
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment | January 7, 2025 |
| Refunds | January 8, 2025 |
| Credit to Demat Account | January 8, 2025 |
| IPO Listing Date | January 9, 2025 |
About Davin Sons
Incorporated in March 2022, Davin Sons Retail Limited is an emerging company involved in the manufacturing of garments and the distribution of FMCG (Fast-Moving Consumer Goods) products. The garment manufacturing process includes stages such as cutting, stitching, sewing, finishing, inspection, and packing. The company specializes in producing high-quality products, including jeans, denim fabrics, denim jackets, and t-shirts, which are supplied to various brands. Notable clients for their ready-made garments include A3 Retail, V-Bazaar, Sam Stitch, V2 Retail, Megashop, and Chandra Fabrics.
In addition to garment manufacturing, Davin Sons Retail is engaged in the distribution of FMCG products, sourcing goods from well-known brands and selling them to retailers, shopkeepers, other distributors, and agents. The company currently distributes its products across the states of Delhi, Haryana, West Bengal, Uttar Pradesh, Punjab, Rajasthan, and Arunachal Pradesh. By the end of FY 2024, the company achieved impressive growth, with a 242% increase in revenue and a 190% rise in profit after tax.
Promoters of Davin Sons
- MR. Mohit Arora
- MR. Nohit Arora
- MR. Davinder Arora
- MRS. Lalita Rani
- MRS. Sonam Arora
Davin Sons IPO Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,036.2 | 883.12 | 455.97 |
| Revenue | 634.1 | 1,339.16 | 391.33 |
| Profit After Tax | 73.59 | 164.05 | 56.62 |
| Net Worth | 627.78 | 554.65 | 109.37 |
| Total Borrowing | 194.45 | 24 | 128.15 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| EBITDA Margin | 17.44% |
| PAT Margin | 12.25% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | ₹4.63 (Basic) |
| Price/Earning P/E Ratio | 11.88 |
| Return on Net Worth (RoNW) | 29.58% |
| Net Asset Value (NAV) | ₹15.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| – | – | – | -% | – | – Cr. |
| – | – | – | -% | – | – Cr. |
Objective of the Issue
- The funds will be used to finance the capital expenditure for the purchase of a warehouse, partially support the working capital requirements, and address general corporate purposes.
Davin Sons IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Davin Sons, please visit the IPO GMP page.
Davin Sons Subscription Status
This IPO subscription kicks off on January 2, 2025! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Davin Sons Allotment Status
To check Davin Sons IPO allotment status, visit the IPO register website Kfintech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: dsrl.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone: +91-22-41204837
Email: navigant@navigantcorp.com
Website: www.navigantcorp.com
Davin Sons Contact
DAVIN SONS RETAIL LIMITED
609, Sixth Floor, P.P. City Centre Plot No. 3,
Road No. 44, Pitampura Rani Bagh,
Delhi, North West Delhi – 110034
Phone: +91-11-49092127
E-mail: info@davinsonsretail.com
Website: www.davinsonsretail.com
FAQs
What is Davin Son’s IPO?
Davin Son’s IPO is an SME IPO through which the company aims to raise ₹8.78 Crores. The issue is priced at ₹55 per equity share and will be listed on the BSE.
When will Davin Son’s IPO open for subscription?
The IPO will open for subscription on January 2, 2025, for NII and Retail investors and will close on January 6, 2025.
What is the investor portion of Davin Son’s IPO?
The investor portion for Davin Son’s IPO is allocated as follows: [.]% for QIB, 50% for NII, and 50% for Retail investors.
How do I apply for Davin Son’s IPO?
You can apply for Davin Son’s IPO via ASBA online through your bank account, via UPI through your stock brokers, or by filling out an offline form through your stock brokers.
What is the issue size of Davin Son’s IPO?
The issue size of Davin Son’s IPO is ₹8.78 Crores.
Note: Davin Son’s IPO price band and date have been officially announced. Davin Son’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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