Davin Sons IPO

NiftyTrader • January 1, 2025

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Davin Sons IPO opens for subscription on January 2, 2025 and closes on January 6, 2025. The allotment for the Davin Sons IPO is expected to be finalized on Tuesday, January 7, 2025. Davin Sons IPO will list on BSE SME with tentative listing date fixed as Thursday, January 9, 2025.

Davin Sons IPO price is ₹ 55 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,20,000.

Davin Sons IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 15.96 lakh shares.

Davin Sons IPO Details

IPO Date	January 2, 2025 to January 6, 2025
Listing Date	[.]
Face Value	₹10 per share
Price	₹ 55 per share
Lot Size	2,000 Shares
Total 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
Shareholding pre-issue	36,66,792 shares
Share holding post issue	52,62,792 shares
Market Maker Portion	80,000 shares

Davin Sons IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹1,10,000
Retail (Max)	1	2000	₹1,10,000
S-HNI (Min)	2	4000	₹2,20,000

Davin Sons IPO Objectives

The company proposes to utilize the net proceeds from the Issue towards funding the following objects and achieve the benefits of listing the equity shares on the BSE SME.

To finance the Capital Expenditure for the purchase of the Warehouse
To part finance the requirement of Working Capital
To meet General corporate purposes;

About Davin Sons Retail

Incorporated in March 2022, Davin Sons Retail manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.

The company has two business verticals:

Manufacturing of readymade Garments through job work basis;
Distribution of FMCG products.

The company’s area of operation is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.

As of December 2024, the company has 20 employees in various sectors.

Competitive Strength

Diversified Product Portfolio
Focus on Quality and Innovation
Experienced Promoter and management team with strong industry expertise and successful track record
Cordial relations with our customers and Suppliers.
A diversified business model safeguards the company from industry-specific slowdowns.

Davin Sons Retail Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,036.2	883.12	455.97	5
Revenue	634.1	1,339.16	391.33
Profit After Tax	73.59	164.05	56.62
Net Worth	627.78	554.65	109.37
Total Borrowing	194.45	24	128.15
				Amount in ₹ Lakhs

Davin Sons IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Davin Sons IPO Timeline (Tentative Schedule)

Davin Sons IPO opens on January 2, 2025, and closes on January 6, 2025.

IPO Open Date	Thursday, January 2, 2025
IPO Close Date	Monday, January 6, 2025
Basis of Allotment	Tuesday, January 7, 2025
Initiation of Refunds	Wednesday, January 8, 2025
A credit of Shares to Demat	Wednesday, January 8, 2025
Listing Date	Thursday, January 9, 2025
Cut-off time for UPI mandate confirmation	5 PM on January 6, 2025