Davin Sons IPO Details
The Davin Sons IPO is a fixed price issue with a total issue size of ₹8.78 cr, comprising of fresh issue of 1596000 equity shares. Davin Sons IPO opened for subscription on Jan 02, 2025 and closed on Jan 06, 2025. Davin Sons IPO has set the price at ₹55 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹220,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 07, 2025, and listed on both the NSE and BSE on Jan 09, 2025.
Kfin Technologies Limited has been appointed as the registrar. Navigant Corporate Advisors Ltd are the Book Running Lead Manager for the issue.
Before investing in the Davin Sons IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 55 – 55
- Lot Size
- 2000
- Issue Size
- ₹8.78 Cr
- Minimum Investment
- ₹220000 (4000 Shares)
- Listing Date
- 09 January 2025
Current GMP
₹5 (+9.09%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
Address / Contact Info
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
Book Running Lead Managers
- Navigant Corporate Advisors Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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.
The Davin Sons IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025
Davin Sons IPO Price Band is ₹55 to 55 per share.
Davin Sons IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹220000 based on the upper price band
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.
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.
Davin Sons IPO issue size is ₹8.78 crores.
Davin Sons IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.