Davin Sons IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 02 to Jan 06 2025
Price Band
₹ 55
Current GMP
₹44(-20.00%)
Subscription
120.8 times
IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | Thursday, January 9, 2025 |
| Face Value | ₹10 per share |
| Price | ₹ 55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 15,96,000 shares (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 15,96,000 shares (aggregating up to ₹ 8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
| Market Maker Portion | 80,000 sharesAftertrade Broking Pvt Ltd |
IPO Date
January 2, 2025 to January 6, 2025
Listing Date
Thursday, January 9, 2025
Face Value
₹10 per share
Price
₹ 55 per share
Lot Size
2,000 Shares
Total Issue Size
15,96,000 shares (aggregating up to ₹8.78 Cr)
Fresh Issue
15,96,000 shares (aggregating up to ₹ 8.78 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
36,66,792 shares
Share Holding Post Issue
52,62,792 shares
Market Maker Portion
80,000 sharesAftertrade Broking Pvt Ltd
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 66.1 |
| Retail Investors | 164.78 |
| Total ** | 120.8 |
Market Maker
1
Non-Institutional Buyers***
66.1
Retail Investors
164.78
Total **
120.8
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Jan 2, 2025 | 0.55 | 4.89 | 2.72 |
| Day 2 Jan 3, 2025 | 3.03 | 22.03 | 12.53 |
| Day 3 Jan 6, 2025 | 66.1 | 164.78 | 120.8 |
DayDay 1
Jan 2, 2025
NII*0.55
Retail4.89
Total2.72
DayDay 2
Jan 3, 2025
NII*3.03
Retail22.03
Total12.53
DayDay 3
Jan 6, 2025
NII*66.1
Retail164.78
Total120.8
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 09-01-2025 | 55.00 | 5(9.09%) | 60 |
| 08-01-2025 | 55.00 | 5(9.09%) | 60 |
| 07-01-2025 | 55.00 | 5(9.09%) | 60 |
| 06-01-2025 | 55.00 | 5(9.09%) | 60 |
| 05-01-2025 | 55.00 | 15(27.27%) | 70 |
| 04-01-2025 | 55.00 | 15(27.27%) | 70 |
| 03-01-2025 | 55.00 | 15(27.27%) | 70 |
| 02-01-2025 | 55.00 | 15(27.27%) | 70 |
| 01-01-2025 | 55.00 | 0(0%) | 55 |
| 31-12-2024 | 55.00 | 0(0%) | 55 |
| 30-12-2024 | 55.00 | 0(0%) | 55 |
| 29-12-2024 | 55.00 | 0(0%) | (0%) |
Date09-01-2025
Price55.00
GMP5(9.09%)
Estimate List Price60
Date08-01-2025
Price55.00
GMP5(9.09%)
Estimate List Price60
Date07-01-2025
Price55.00
GMP5(9.09%)
Estimate List Price60
Date06-01-2025
Price55.00
GMP5(9.09%)
Estimate List Price60
Date05-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date04-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date03-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date02-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date01-01-2025
Price55.00
GMP0(0%)
Estimate List Price55
Date31-12-2024
Price55.00
GMP0(0%)
Estimate List Price55
Date30-12-2024
Price55.00
GMP0(0%)
Estimate List Price55
Date29-12-2024
Price55.00
GMP0(0%)
Estimate List Price(0%)
IPO Important Dates
| IPO Open Date | Thursday, January 2, 2025 |
| IPO Close Date | Monday, January 6, 2025 |
| Basis of Allotment | Tuesday, January 7, 2025 |
| Initiation of Refunds | Wednesday, January 8, 2025 |
| Credit of Shares to Demat | Wednesday, January 8, 2025 |
| Listing Date | Thursday, January 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 6, 2025 |
IPO Open Date
Thursday, January 2, 2025
IPO Close Date
Monday, January 6, 2025
Basis of Allotment
Tuesday, January 7, 2025
Initiation of Refunds
Wednesday, January 8, 2025
Credit of Shares to Demat
Wednesday, January 8, 2025
Listing Date
Thursday, January 9, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 6, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹1,10,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹1,10,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹2,20,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20241,036.2
31 Mar 2024883.12
31 Mar 2023455.97
Period EndedRevenue
30 Sep 2024634.1
31 Mar 20241,339.16
31 Mar 2023391.33
Period EndedProfit After Tax
30 Sep 202473.59
31 Mar 2024164.05
31 Mar 202356.62
Period EndedNet Worth
30 Sep 2024627.78
31 Mar 2024554.65
31 Mar 2023109.37
Period EndedTotal Borrowing
30 Sep 2024194.45
31 Mar 202424
31 Mar 2023128.15
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 80,000 (5.01%) |
| Other Shares Offered | 7,58,000 (47.49%) |
| Retail Shares Offered | 7,58,000 (47.49%) |
| Total Shares Offered | 15,96,001 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
80,000 (5.01%)
Other Shares Offered
7,58,000 (47.49%)
Retail Shares Offered
7,58,000 (47.49%)
Total Shares Offered
15,96,001 (100%)
Information about company
Incorporated in March 2022, Davin Sons Retail Limited manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.
The company has two business verticals:
Manufacturing of readymade Garments through job work basis;
Distribution of FMCG products.
The company's area of operation is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.
As of December 2024, the company has 20 employees in various sectors.
Competitive Strength
Diversified Product Portfolio
Focus on Quality and Innovation
Experienced Promoter and management team with strong industry expertise and successful track record
Cordial relations with our customers and Suppliers.
A diversified business model safeguards the company from industry-specific slowdowns.
Objectives of IPO
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;
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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