Dudani Retail IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in December 2015, Dudani Retail Limited is engaged in the design, manufacturing, sourcing, and distribution of apparel and related fashion products.Business Model & Distribution ChannelsThe company operates across three primary business models:Own-Brand Operations: Direct retail…
Open Date
Fri, 25 Sep 2026
Close Date
Tue, 29 Sep 2026
Issue Price
₹ 29
Lot Size
4000
Issue Size
₹ 10.54 Cr
Minimum Investment
₹ 232,000 (8000 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
Dudani Retail IPO is set to open its Initial Public Offering (IPO) for subscription on September 25, 2026. According to the Red Herring Prospectus (RHP), the IPO is a fixed price issue with a total issue size of ₹10.54 Crore, comprising a fresh issue of 36.36 Lakh equity shares aggregating to ₹10.54 Crore.
The Dudani Retail IPO will open for subscription on September 25, 2026, and close on September 29, 2026. The basis of allotment is expected to be finalized on September 30, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 05, 2026.
The company has fixed the price at ₹29 per share, with a lot size of 4000 shares. Retail investors will require a minimum investment of ₹232,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited is the registrar to the issue. Finshore Management Services Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Dudani Retail IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 29, 2026.
Dudani Retail IPO Timeline (Tentative)
- IPO Open Date
- Fri, 25 Sep 26
- IPO Close Date
- Tue, 29 Sep 26
- Basis of Allotment
- Wed, 30 Sep 26
- Initiation of Refunds
- Thu, 01 Oct 26
- Credit of Shares to Demat
- Thu, 01 Oct 26
- Listing Date
- Mon, 05 Oct 26 — BSE
Open Date
25 September 2026
Close Date
29 September 2026
Basis Of Allotment
30 September 2026
Listing Date
05 October 2026
IPO Subscription
Check Live Subscription →The Dudani Retail IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 25 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,28,000 shares, representing 50.06% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 17,24,000 shares (49.94%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Non-Institutional | 1,724,000 | 49.94% |
| Retail Investors | 1,728,000 | 50.06% |
| Total | 3,452,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 16.21 | 14.28 | 10.59 | 11.96 |
| Revenue | 13.9 | 25.29 | 25.13 | 24.18 |
| Profit After Tax | 1.05 | 1.78 | 0.99 | 0.64 |
| Net Worth | 9.45 | 8.4 | 6.62 | 5.62 |
| Reserve & Surplus | 2.7 | 1.65 | 4.62 | 3.62 |
| Total Borrowings | 3.95 | 4.03 | 3.53 | 3.51 |
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.
Dudani Retail Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 21.19 | 15.02 | 11.36 |
| ROCE % | 31.6 | 23.91 | 18.58 |
| Debt / Equity | 0.48 | 0.53 | 0.62 |
| RoNW % | 21.19 | 15.02 | 11.36 |
| Pat Margin % | 7.04 | 3.96 | 2.64 |
Peers Comparison
No Peer Comparision Available
About Dudani Retail Limited
Incorporated in December 2015, Dudani Retail Limited is engaged in the design, manufacturing, sourcing, and distribution of apparel and related fashion products.
Business Model & Distribution Channels
The company operates across three primary business models:
Own-Brand Operations: Direct retail and marketplace distribution.
Licensed Manufacturing: On-demand and Just-In-Time (JIT) order fulfillment for third-party licensed labels via major Fashion & Lifestyle e-commerce marketplaces.
Quick-Commerce Distribution: Supply arrangement where products are delivered to quick-commerce hubs on a sell-or-return basis. Ownership title transfers upon acceptance, with periodic settlements based on actual sales net of margins.
E-Commerce Presence: Products are retailed across major online platforms including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, and the company's proprietary website.
Product Portfolio & Licensed Labels
Product Scope: In-house manufacturing of women’s ethnic and fusion wear, along with trading in men’s wear.
Licensed Marketplace Labels: Manufacturing under licensed arrangements for brand labels including Kalini, Corsica, Roadster, Anouk Rustic, All About You, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu, and Here & Now.
Manufacturing & Operational Setup
Facility: Operates from leased premises at Kartarpura Industrial Area, Jaipur, Rajasthan.
In-House Operations: Core processes including pattern cutting, stitching, finishing, quality assurance, and dispatch are managed directly at the facility.
Outsourced Operations: Fabric dyeing, printing, embroidery, and specialized processing are executed via third-party vendors.
Workforce Structure
As of February 28, 2026, Dudani Retail Limited employed 35 personnel, including executive directors.
Dudani Retail IPO Promoters
- Mr. Akshay Dudani
- Mrs. Charu Dudani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
64.99%
Dudani Retail IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility
- Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company.
- To meet Working Capital Requirements
- To be utilized towards Strategic initiatives, partnerships, joint ventures and acquisitions; Brand building and strengthening of promotional, marketing activities and advisory; On-going general corporate exigencies or any other purposes as approved by the Board subject to compliance with the necessary regulatory provisions etc.
Dudani Retail Limited Address / Contact Details
Dudani Retail Ltd.
F-93, 3rd Floor,
Kartarpura Industrial Area,
22 Godamjaipur, Station Road,
Jaipur, Rajasthan, 302006
Tel No: +91 8690532399
E-mail: cs@dudaniretail.com
Website: https://divenaworld.com/
IPO Snapshot
Dudani Retail IPO Lot Size
The Dudani Retail IPO has a lot size of 4,000 shares. Retail investors require a minimum investment of ₹2,32,000 by applying for 2 lot (8,000 shares). The maximum application allowed for the retail category is 2 lots (8,000 shares), requiring an investment of ₹2,32,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 8,000 | 232,000.00 |
| Retail (Max) | 2 | 8,000 | 232,000.00 |
| S-HNI (Min) | 3 | 12,000 | 348,000.00 |
Issue Reservation
- NII — 49.94%
- RII — 50.06%
Book Running Lead Managers
- Finshore Management Services Limited
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 Dudani Retail IPO?
Dudani Retail IPO is a Fixed price IPO with a total issue size of ₹10.54 crore. The Dudani Retail IPO price band is ₹29 to 29 per share. The Dudani Retail IPO subscription opens on Fri, Sep 25, 2026, and closes on Tue, Sep 29, 2026. The Dudani Retail IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Dudani Retail IPO.
When will the Dudani Retail IPO open for subscription?
The Dudani Retail IPO opens on Fri, Sep 25, 2026 and closes on Tue, Sep 29, 2026
What is Dudani Retail IPO Price Band?
Dudani Retail IPO Price Band is ₹29 to 29 per share.
What is Dudani Retail IPO Lot Size?
Dudani Retail IPO lot size is 4000 shares, Retail investors need a minimum investment of ₹232000 based on the upper price band
What is the minimum investment for Dudani Retail IPO?
The minimum investment for Dudani Retail IPO is ₹232000, based on one lot of 4000 shares at the upper price band of ₹29 per share.
How to apply for Dudani Retail IPO?
Investors can apply for the Dudani Retail 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 Tue, Sep 29, 2026. The application amount remains blocked until the Dudani Retail IPO allotment is finalized.
What is Dudani Retail IPO Issue Size?
Dudani Retail IPO issue size is ₹10.54 crores.
What is the Dudani Retail IPO Allotment Date?
Dudani Retail IPO allotment date is Wed, Sep 30, 2026.
Who is the Dudani Retail IPO Registrar?
The registrar for Dudani Retail IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Dudani Retail IPO allotment status, refund processing, and other IPO-related information.
Who is the Dudani Retail IPO Lead Manager?
The book-running lead managers (BRLMs) for the Dudani Retail IPO are Finshore Management Services Limited. 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 Dudani Retail IPO Red Herring Prospectus (RHP).