Davin Sons Retail
LISTEDIPO Date: 2 Jan - 6 Jan 2025
Listing Date: 9 Jan 2025
Price Range
₹55 - ₹55 per share
Issue Size
9 Cr
Min Investment
₹2,20,000
2 lots minimum (SEBI rule for SME)
Min Application
4000 Shares
2000 per lot × 2
Schedule of Davin Sons Retail
Issue open date
2 Jan 2025
Issue close date
6 Jan 2025
UPI mandate deadline
6 Jan 2025 (5 PM)
Allotment finalization
7 Jan 2025
Share credit
8 Jan 2025
Listing date
9 Jan 2025
Mandate end date
21 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 9 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 7 Jan 2025 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 9 Jan 2025Latest | ₹55 | ₹5 | ₹60(+9%) |
| 8 Jan 2025 | ₹55 | ₹5 | ₹60(+9%) |
| 7 Jan 2025 | ₹55 | ₹5 | ₹60(+9%) |
| 6 Jan 2025 | ₹55 | ₹5 | ₹60(+9%) |
| 4 Jan 2025 | ₹55 | ₹15 | ₹70(+27%) |
| 3 Jan 2025 | ₹55 | ₹15 | ₹70(+27%) |
| 2 Jan 2025 | ₹55 | ₹15 | ₹70(+27%) |
| 1 Jan 2025 | ₹55 | ₹0 | ₹55(0%) |
Performance Davin Sons Retail
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹55 - ₹55 per share | ₹ 46 (-16%) | ₹ 20.44 | -62.84% |
About Davin Sons Retail
Incorporated in March 2022, Davin Sons Retail Limited manufactures readymade garments, including jeans, denim jackets, and shirts, on a job-work basis. The company also distributes FMCG products like biscuits, energy drinks, and chocolates. It operates in regions including Delhi, Haryana, Punjab, and Rajasthan, serving a client base that includes large FMCG companies and local retailers.
| Founded in | 2022 |
| Managing director | Mr. Mohit Arora |
| Parent organization | Davin Sons Retail Ltd |
Financial Overview
Strengths
5- 1
Diversified product portfolio across readymade garments and FMCG products
- 2
Focus on maintaining quality and innovation to stay competitive
- 3
Promoters and management team with over 10 years of industry expertise
- 4
Strong, long-term relationships with customers and suppliers
- 5
Diversified business model across independent segments, reducing industry risk
Risks
6- 1
Limited operating history as a company makes future performance difficult to evaluate
- 2
Revenue is heavily reliant on top 10 customers, with risks if business is lost
- 3
Negative cash flows in certain years may impact financial conditions
- 4
Fluctuations in raw material prices may affect production costs and margins
- 5
FMCG distribution is exposed to price fluctuations and supply uncertainties
- 6
Dependence on third-party manufacturers exposes the business to operational disruptions
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 66 |
| Retail Individual Investors (RIIs) | 164 |
| Employee | N/A |
| Total | 120 |