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118.04x
subscribed
Davin Sons Retail IPO
Textile
listed
118.04x
subscribed
₹1.10LMin. investment
Davin Sons Retail Limited IPO Details
Issue size
₹8Cr
IPO type
SME
Market Cap
₹28.95CrLower than sector avg
Price range
₹55.00 – ₹55.00
Listing ExchangeBSE
RevenueApr 2023 - Mar 2024
₹13.39CrLower than sector avg
Lot size
2000 shares
Red Herring Prospectus
Read
SectorTextile
Price range₹55.00 – ₹55.00
IPO type
SME
Lot size2000 shares
Issue size₹8Cr
Red Herring Prospectus
Read
Market Cap
₹28.95CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹13.39CrLower than sector avg
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Business expansion
The company will spend ₹1.36 Cr to finance the Capital Expenditure for the purchase of a warehouse.Working capital
The company will allocate ₹4.22 crore from the fresh issue towards working capitalGeneral corporate purposes
The company will use part of its net IPO proceeds for general corporate purposes.About Davin Sons Retail Limited
Davin Sons Retail Limited operates in garment manufacturing and FMCG distribution. Initially focused on readymade garments, it outsources production and serves regions like Delhi, Uttar Pradesh, and Bihar with trendy denim products. In 2022, the company expanded into FMCG distribution, offering biscuits, chips, and drinks across several states. With warehouses in Delhi and Gurugram, it aims to improve operational efficiency, expand its market reach, and build strong customer relationships for continued growth in both sectors.
Davin Sons Retail IPO Subscription Status
Latest News on Davin Sons Retail IPO
The Davin Sons IPO is a fixed price issue worth ₹8.78 crore, consisting of a fresh issuance of 15.96 lakh shares. The listing of the shares of Davin Sons Retail Limited has been scheduled for Thursday, January 9. The stock will be listed on the BSE SME platform.
3 min read
Davin Sons Retail's SME IPO has been subscribed nearly 5.8 times on the second day, led by retail investors bidding for 82.10 lakh shares, with non-institutional investors bidding for 12.04 lakh shares. Davin Sons Retail's SME IPO has been subscribed nearly 5.8 times on the second day, led by retail investors bidding for 82.10 lakh shares.
Davin Sons Retail IPO: Davin Sons Retail’s initial public offering (IPO), which opened for subscription on Thursday, January 2, will close for bidding on Monday, January 6. As of 3.30 pm on Friday, the second day of the issue, Davin Sons Retail IPO was booked 10.59 times. The retail portion of the IPO was subscribed 18.69 times and the non-institutional investor portion 2.48 times.
Frequently asked questions
How to invest in the Davin Sons Retail IPO ?
Investors can apply for the Davin Sons Retail IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Davin Sons Retail IPO ?
The issue size of the Davin Sons Retail IPO is 8 Cr.
What is 'pre-apply' for Davin Sons Retail IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Davin Sons Retail IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.