Davin Sons Retail Limited (BSE SME)

Jan 2, 2025 - Jan 6, 2025

Premium	₹5
Price	₹55 - ₹55
Lot size	2000
Allotment	Jan 7, 2025
Listing	Jan 9, 2025

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	2000	110000	379
HNI	2	4000	220000	379

Last updated on 06-Jan-2025 17:08:03

Category	Offered	Applied	Times
HNIs	758000	58302000	76.92
Retail	758000	124904000	164.78
Total	1516000	175088000	115.49
Total Applications: 100727

HNI Interest Cost Per Share (7 Days)
@7% ₹5.7	@8% ₹6.5	@9% ₹7.3	@10% ₹8.1	@11% ₹8.9	@12% ₹9.7

About

IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	47.5%	758000
Other	47.5%	758000
Market Maker	5.01%	80000
Total No. of Shares	100.0%	1596000

Davin Sons IPO Details

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 shares
Market Maker	Aftertrade Broking

Key Performance Indicator

KPI	Sep-24	Mar-24	Mar-23
ROE	12.45%	49.41%	51.77%
ROCE	15.37%	54.52%	33.21%
RONW	11.72%	29.58%	51.77%
EPS (basic)	2.01	4.63	1.82
P/E Pre IPO		12.29
P/E Post IPO	19.67

Company Financials In Lakhs

Period Ended	Sep-24	Mar-24	Mar-23
Assets	1,036	883	456
Revenue	634	1,339	391
Profit After Tax	74	164	57
Net Worth	628	555	109
Total Borrowing	194	24	128

About Company

Davin Sons Retail Limited, incorporated in March 2022, specializes in manufacturing and designing high-quality readymade garments such as jeans, denim jackets, and shirts for various brands. The company operates two primary business verticals: garment manufacturing on a job work basis and the distribution of FMCG products. With a broad operational footprint spanning Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, the company serves a diverse and widely dispersed customer base. As of December 2024, Davin Sons Retail Limited employs 20 individuals across its operations.

Lead Manager(s)

Navigant Corporate Advisors Ltd

Strength

Diversified Product Portfolio: Offers a wide range of readymade garments and FMCG products, catering to varied customer needs.

Commitment to Quality and Innovation: Focuses on delivering high-quality, innovative designs in garments.

Experienced Leadership: Led by a skilled promoter and management team with a proven track record in the industry.

Weakness

Limited Operating History: Recent incorporation and acquisition of a running business make it challenging to assess historical performance or future prospects.

Litigation Risks: Ongoing legal proceedings involving the company, promoters, and directors could adversely affect reputation and financial performance if outcomes are unfavorable.

Warehouse Dependency: Reliance on non-owned warehouses poses risks related to operational control and continuity.

Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: dsrl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/