The much-awaited Davin Sons IPO is set to open for subscription on January 2, 2025, and will close on January 6, 2025. The IPO is a fixed price issue with an offer size of ₹8.78 crores, which consists entirely of a fresh issue of 15.96 lakh shares. The allotment for the IPO is expected to be finalized on January 7, 2025, and the listing is scheduled for January 9, 2025, on the BSE SME platform.
The issue price for Davin Sons IPO is set at ₹55 per share. Retail investors can apply for a minimum lot size of 2,000 shares, requiring a total investment of ₹1,10,000. High-net-worth individuals (HNIs) are required to apply for a minimum of 2 lots (4,000 shares), amounting to ₹2,20,000.
The company has shown strong growth in recent years. In 2024, it reported a revenue of ₹13.39 crores, significantly up from ₹3.91 crores in 2023. Profitability has also improved, with a profit of ₹1.64 crores in 2024, compared to ₹0.57 crores the previous year.
Given the financial trajectory of the company, the Davin Sons IPO presents a promising opportunity for long-term investors. As per the company’s performance, it is advisable to consider applying for this IPO with a long-term investment horizon.
Overview of Contents
Davin Sons IPO Overview
| Parameter | Details |
|---|---|
| IPO Subscription Period | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue 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 |
| Market Maker Portion | 80,000 shares |
| Pre-Issue Shareholding | 36,66,792 shares |
| Post-Issue Shareholding | 52,62,792 shares |
| Minimum Investment | ₹1,10,000 (for retail investors) |
| HNI Minimum Investment | ₹2,20,000 (for HNI investors, applying for 2 lots) |
| Revenue (FY 2024) | ₹13.39 crores (up from ₹3.91 crores in FY 2023) |
| Profit (FY 2024) | ₹1.64 crores (up from ₹0.57 crores in FY 2023) |
| IPO Objective | To raise funds for expansion, working capital, and general corporate purposes |
Davin Sons IPO Lot Size
Investors can apply for the Davin Sons IPO in different categories based on the lot size and investment amount. Below is a breakdown of the application options for retail and HNI (High Net-worth Individual) investors
| Investor Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Davin Songs IPO Dates
| 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 |
| 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 |
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 Promoter Holding
The promoters of Davin Sons are a group of experienced individuals who have played a pivotal role in the company’s growth and development. The key promoters include Mr. Mohit Arora, Mr. Nohit Arora, Mr. Davinder Arora, Mrs. Lalita Rani, and Mrs. Sonam Arora. Together, they have contributed significantly to the company’s success, and post-IPO, their collective stake will decrease from 90.68% to 63.18%, reflecting the company’s efforts to raise capital and expand its shareholder base.
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Total Shareholding | 90.68% | 63.18% |
About Davin Sons IPO
Davin Sons Retail Limited, incorporated in March 2022, is a prominent manufacturer and designer of high-quality readymade garments, specializing in products such as jeans, denim jackets, and shirts for other brands. The company operates through two key business verticals: the manufacturing of readymade garments on a job work basis and the distribution of FMCG products.
Davin Sons has established a strong operational presence across several states, including Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, with a diverse customer base spread across these regions. As of December 2024, the company employs 20 professionals across various sectors.
The company’s competitive strengths lie in its diversified product portfolio, a strong focus on quality and innovation, and an experienced promoter and management team with a proven track record in the industry. Additionally, Davin Sons has cultivated cordial relationships with its customers and suppliers, which have played a crucial role in its success. The company’s diversified business model also serves as a safeguard against industry-specific slowdowns, enhancing its resilience in the market.
Davin Sons IPO Company Financial Report
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2023 | ₹3.91 | ₹3.15 | ₹0.57 | ₹4.56 |
| 2024 | ₹13.39 | ₹11.19 | ₹1.64 | ₹8.83 |
| September 2024 | ₹6.34 | ₹5.35 | ₹0.74 | ₹10.36 |
Davin Sons IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 49.41% |
| ROCE: | 54.52% |
| EBITDA Margin: | 17.44% |
| PAT Margin: | 12.25% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹4.63 (Basic) |
| Price/Earning P/E Ratio: | 11.88 |
| Return on Net Worth (RoNW): | 29.58% |
| Net Asset Value (NAV): | ₹15.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| – | – | – | -% | – | – Cr. |
| – | – | – | -% | – | – Cr. |
Objects of the Issue (Davin Sons IPO Objectives)
- To finance the Capital Expenditure for the purchase of the Warehouse
- To part finance the requirement of Working Capital
- To meet General corporate purposes;
Davin Sons IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Address
Davin Sons Retail Limited
609, Sixth Floor, Road No. 44, Pitampura
P.P. City Centre Plot No. 3,Road No. 44,
Pitampura Rani Bagh-, North West Delhi -110034
Phone: + 91-11- 4909212
Email: [email protected]
Website: http://www.davinsonsretail.com/
Davin Sons IPO FAQs
What is the Davin Sons IPO opening and closing date?
The Davin Sons IPO opens on January 2, 2025, and closes on January 6, 2025.
What is the issue price of the Davin Sons IPO?
The issue price is ₹55 per share.
What is the minimum lot size for the IPO?
The minimum lot size is 2,000 shares, requiring an investment of ₹1,10,000 for retail investors.
When will the allotment for the IPO be finalized?
The allotment will be finalized on January 7, 2025.
What is the listing date for the Davin Sons IPO?
The listing is expected to be on January 9, 2025, on the BSE SME platform.
What is the total issue size of the IPO?
The total issue size is 15,96,000 shares, aggregating up to ₹8.78 Crores.
What are the company’s main business activities?
The company is engaged in the manufacturing of readymade garments and the distribution of FMCG products.
Who are the promoters of the company?
The promoters of Davin Sons are Mr. Mohit Arora, Mr. Nohit Arora, Mr. Davinder Arora, Mrs. Lalita Rani, and Mrs. Sonam Arora.
What is the company’s revenue and profit for FY 2024?
The company reported a revenue of ₹13.39 crores and a profit of ₹1.64 crores for FY 2024.
How will the funds raised from the IPO be used?
The funds will be utilized for expansion, working capital, and general corporate purposes.