Davin Sons Retail IPO

About Davin Sons Retail IPO

Davin Sons Retail Limited, a dynamic and growing company, has diversified its operations across two key business verticals: garment manufacturing and FMCG distribution. Initially founded with the objective of acquiring the proprietorship concern of "Jesus Shirts," the company specializes in manufacturing readymade garments through a job work arrangement. The company sources fabric directly from reputable manufacturers in Mumbai and Delhi and outsources the garment production to third-party contractors. These contractors, under the company’s guidance, handle the entire manufacturing process, ensuring high-quality finished products that are then inspected and packed at the company’s warehouse. The company has developed a strong client base across Delhi, West Bengal, Uttar Pradesh, and Bihar, serving these regions with a range of stylish and trendy denim garments, including jeans, shirts, and jackets.

In August 2022, Davin Sons Retail expanded its business operations by adding a new vertical focused on the distribution of FMCG products. The company now serves as a distributor for leading FMCG brands in India, offering a variety of products such as biscuits, chips, non-alcoholic energy drinks, and chocolates, both on a distributorship and non-distributorship basis. Through these distribution channels, Davin Sons Retail provides branded packaged FMCG goods to local retailers and wholesalers in a wide array of regions, including Delhi, Haryana, Punjab, Bihar, Uttar Pradesh, Rajasthan, Chhattisgarh, and Arunachal Pradesh. With a keen understanding of consumer preferences and a commitment to promoting healthy products, the company aims to build long-lasting relationships with its customers and enhance the shopping experience.

Davin Sons Retail is also focused on improving operational efficiencies and expanding its market reach. By increasing its presence in existing regions and achieving economies of scale, the company plans to reduce costs and improve competitiveness. The company’s strategy includes expanding its geographic footprint into new states, establishing additional warehouses in key areas to serve a larger customer base. The existing warehouses in Delhi and Gurugram play a critical role in managing its large product inventory, particularly for the FMCG division. With the intention of reaching more customers and tapping into larger domestic markets, Davin Sons Retail seeks to enhance its distribution network and further solidify its position in the competitive retail and distribution sectors.

As part of its growth strategy, Davin Sons Retail is committed to expanding its customer base and improving operational processes. The company’s ability to adapt to market trends, provide high-quality products, and build strong relationships with clients has positioned it as a trusted partner in the garment manufacturing and FMCG distribution industries. With an expanding geographic reach, a diverse product portfolio, and a clear focus on operational efficiency, Davin Sons Retail is poised for continued success and growth in the years to come.

Davin Sons Retail  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

1. To finance the Capital Expenditure for purchase of Warehouse.
2. To part finance the requirement of Working Capital.
3. To meet General corporate purposes.