Davin Sons IPO Date Review Price and Allotment Details 2025
The Davin Sons IPO is a Fixed Price Issue scheduled to open for subscription on January 2, 2025, and close on January 6, 2025. The company plans to raise approximately ₹8.78 crores, comprising a fresh issue of ₹8.78 crores and an offer for sale of equity shares. The IPO price is fixed at ₹55 per share, and the shares will be listed on the BSE SME platform.
Here’s a detailed breakdown of the IPO details, financial highlights, and important dates.
Davin Sons IPO Summary
| Details | Information |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per share |
| Issue Size | Approx ₹8.78 crores |
| Issue Type | Fixed Price Issue |
| Market Listing | BSE SME |
| Retail Quota | 50% |
| HNI Quota | 50% |
| QIB Quota | Not specified |
Davin Sons IPO Market Lot Details
| Category | Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Allotment Date | January 7, 2025 |
| Refund Initiation | January 8, 2025 |
| Credit to Demat Accounts | January 8, 2025 |
| Listing Date | January 9, 2025 |
Promoters of Davin Sons IPO
The company is promoted by Mr. Mohit Arora, Mr. Nohit Arora, Mr. Davinder Arora, Mrs. Lalita Rani, and Mrs. Sonam Arora.
About Davin Sons
Davin Sons Retail Limited, incorporated in March 2022, operates in two key segments:
- Garment Manufacturing: Producing high-quality denim fabrics, jeans, jackets, and t-shirts for well-known brands like A3 Retail, V-Bazaar, Sam Stitch, and more.
- FMCG Distribution: Partnering with top brands to supply fast-moving consumer goods to retailers, shopkeepers, and distributors across Delhi, Haryana, West Bengal, Uttar Pradesh, Punjab, Rajasthan, and Arunachal Pradesh.
In FY2024, the company achieved remarkable growth, with revenue increasing by 242% and net profit climbing by 190%.
Financial Highlights
| Year | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 3.91 | 3.15 | 0.57 | 4.56 |
| 2024 | 13.39 | 11.19 | 1.64 | 8.83 |
| Sep 2024 | 6.34 | 5.35 | 0.74 | 10.36 |
Valuation Metrics (FY2024)
| Metric | Value |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| EBITDA Margin | 17.44% |
| PAT Margin | 12.25% |
| EPS (Basic) | ₹4.63 |
| P/E Ratio | 11.88 |
| NAV | ₹15.65 |
Objects of the Issue
The IPO proceeds will be used for the following purposes:
- Capital Expenditure: Purchase of a warehouse.
- Working Capital: To support the company’s expanding operations.
- General Corporate Purposes: For day-to-day business needs.
Company Address
Davin Sons Retail Limited
609, Sixth Floor, Road No. 44,
Pitampura, North West Delhi – 110034
Phone: +91-11-4909212
Email: info@davinsonsretail.com
Website: Davin Sons Retail
FAQs
- What is Davin Sons IPO?
Davin Sons IPO is an SME IPO aimed at raising ₹8.78 crores via a Fixed Price Issue priced at ₹55 per share. - When will Davin Sons IPO open and close?
The IPO opens on January 2, 2025, and closes on January 6, 2025. - What is the minimum investment amount?
Investors must apply for at least 1 lot (2,000 shares) amounting to ₹1,10,000. - How can I apply for Davin Sons IPO?
Investors can apply via ASBA through their bank accounts or using UPI-enabled platforms. Offline applications can be submitted through stockbrokers. - When will Davin Sons IPO shares be listed?
The shares will be listed on the BSE SME platform on January 9, 2025.