Davin Sons IPO
GMP, Subscription, Price, Dates & Financial Details
Davin Sons Retail Limited is a company founded by Mr. Mohit Arora and Mr. Nohit Arora, with over 10 years of experience in garment designing, manufacturing, and trading. The company was incorporated in 2022, acquiring the proprietorship firm M/s. Jesus Shirts, which was established in 2012.…
Open Date
Thu, 02 Jan 2025
Close Date
Mon, 06 Jan 2025
Issue Price
₹ 55
Lot Size
2000
Issue Size
₹ 8.78 Cr
Minimum Investment
₹ 220,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Davin Sons IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹8.78 Crore, comprising a fresh issue of 15.96 Lakh equity shares aggregating to ₹8.78 Crore.
The Davin Sons IPO remained open for subscription from January 02, 2025, to January 06, 2025. The basis of allotment was finalized on January 07, 2025, and the company's shares were listed on BSE SME Platform on January 09, 2025.
The company had fixed the price at ₹55 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹220,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Navigant Corporate Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Davin Sons Retail Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Davin Sons IPO Timeline (Tentative)
- IPO Open Date
- Thu, 02 Jan 25
- IPO Close Date
- Mon, 06 Jan 25
- Basis of Allotment
- Tue, 07 Jan 25
- Initiation of Refunds
- Wed, 08 Jan 25
- Credit of Shares to Demat
- Wed, 08 Jan 25
- Listing Date
- Thu, 09 Jan 25 — NSE & BSE
Open Date
02 January 2025
Close Date
06 January 2025
Basis Of Allotment
07 January 2025
Listing Date
09 January 2025
IPO Subscription
Check Live Subscription →The Davin Sons IPO has received bids for 18,32,06,000 shares against 15,16,000 shares offered, resulting in an overall subscription of 120.85x. the NII category is subscribed 66.21x, Retail Investors 164.78x, and QIBs 0x.
QIB
0x
NII
66.21x
RII
164.78x
Total
120.85x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,58,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 7,58,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 80,000 | 0% |
| Non-Institutional | 758,000 | 0% |
| Retail Investors | 758,000 | 0% |
| Total | 1,596,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1036.2 | 883.12 | 455.97 |
| Revenue | 634.1 | 1339.16 | 391.33 |
| Profit After Tax | 73.59 | 164.05 | 56.62 |
| Net Worth | 627.78 | 554.65 | 109.37 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 194.45 | 24 | 128.15 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Davin Sons Retail Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 49.41 |
| ROCE % | 54.52 |
| RoNW % | 29.58 |
| Pat Margin % | 12.25 |
Peers Comparison
No Peer Comparision Available
About Davin Sons Retail Limited
Davin Sons Retail Limited is a company founded by Mr. Mohit Arora and Mr. Nohit Arora, with over 10 years of experience in garment designing, manufacturing, and trading. The company was incorporated in 2022, acquiring the proprietorship firm M/s. Jesus Shirts, which was established in 2012. Initially, M/s. Jesus Shirts operated in garment manufacturing, and Davin Sons Retail Limited expanded its scope to include the distribution of FMCG products.
The company operates in two key business areas:
- Garment Manufacturing: Davin Sons manufactures readymade garments such as jeans, denim jackets, and shirts through job work. It outsources production to third-party contractors, providing them with designs, fabric specifications, and quality standards. The finished products are delivered to the company’s warehouse for quality control, barcoding, and dispatch.
- FMCG Distribution: The company distributes branded FMCG products like biscuits, chips, non-alcoholic energy drinks, chocolates, edible oils, and more. It serves a wide network of retailers and wholesalers across regions including Delhi, Haryana, Punjab, Uttar Pradesh, Bihar, and others. Davin Sons distributes products both on a distributorship basis and through non-distributorship arrangements.
The company sources its fabrics from local markets in Mumbai and Delhi, while outsourcing manufacturing jobs to contractors in New Delhi. It also operates a warehouse in Gurgaon, Haryana, for storing FMCG products.
Davin Sons Retail Limited has established a strong market presence through a focus on quality, customer satisfaction, and efficient distribution, aiming to grow both its garment and FMCG businesses.
Davin Sons IPO Promoters
- Mr Mohit Arora
- Mr Nohit Arora
- Mr Davinder Arora
- Mrs Lalita Rani
- Mrs Sonam Arora
Promoters Holding
Holding Pre Issue
90.68%
Holding Post Issue
63.18%
Davin Sons IPO Objective
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.
Objects of the Fresh Issue
1. To finance the Capital Expenditure for purchase of Warehouse.
2. To part finance the requirement of Working Capital.
3. To meet General corporate purposes.
Davin Sons Retail Limited Address / Contact Details
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- 4909212
Email: info@davinsonsretail.com
Website: http://www.davinsonsretail.com/
IPO Snapshot
Davin Sons IPO Lot Size
The Davin Sons IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,10,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,10,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 110,000.00 |
| Retail (Max) | 1 | 2,000 | 110,000.00 |
| S-HNI (Min) | 2 | 4,000 | 220,000.00 |
Issue Reservation
Book Running Lead Managers
- Navigant Corporate Advisors Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Davin Sons IPO?
Davin Sons IPO is a Fixed price IPO with a total issue size of ₹8.78 crore. The Davin Sons IPO price band is ₹55 to 55 per share. The Davin Sons IPO subscription opens on Thu, Jan 2, 2025, and closes on Mon, Jan 6, 2025. The Davin Sons IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Davin Sons IPO.
When will the Davin Sons IPO open for subscription?
The Davin Sons IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025
What is Davin Sons IPO Price Band?
Davin Sons IPO Price Band is ₹55 to 55 per share.
What is Davin Sons IPO Lot Size?
Davin Sons IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹220000 based on the upper price band
What is the minimum investment for Davin Sons IPO?
The minimum investment for Davin Sons IPO is ₹220000, based on one lot of 2000 shares at the upper price band of ₹55 per share.
How to apply for Davin Sons IPO?
Investors can apply for the Davin Sons IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jan 6, 2025. The application amount remains blocked until the Davin Sons IPO allotment is finalized.
What is Davin Sons IPO Issue Size?
Davin Sons IPO issue size is ₹8.78 crores.
What is the Davin Sons IPO Allotment Date?
Davin Sons IPO allotment date is Tue, Jan 7, 2025.
Who is the Davin Sons IPO Registrar?
The registrar for Davin Sons IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Davin Sons IPO allotment status, refund processing, and other IPO-related information.
What is the Davin Sons IPO GMP?
The Davin Sons IPO GMP (Grey Market Premium) is ₹5 as of Thu, Jan 9, 2025. Based on the upper price band of ₹55 per share, the estimated Davin Sons IPO listing price is ₹60, indicating a potential listing gain of approximately 9.09% over the issue price.
Who is the Davin Sons IPO Lead Manager?
The book-running lead managers (BRLMs) for the Davin Sons IPO are Navigant Corporate Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Davin Sons IPO Red Herring Prospectus (RHP).