Davin Sons Retail Ltd
Davin Sons Retail Limited, a Delhi-based company specializing in the production of readymade garments and distribution of FMCG products, is gearing up to launch its Initial Public Offering (IPO) in January 2025. This article provides a detailed overview of the IPO for potential investors.
Company Overview
Incorporated in 2022, Davin Sons Retail operates across two primary verticals:
- Manufacturing of Readymade Garments: The company produces garments such as jeans, shirts, and denim jackets, catering to a wide customer base.
- FMCG Distribution: Davin Sons distributes a diverse portfolio of fast-moving consumer goods across several states, including Delhi, Haryana, Uttar Pradesh, and Rajasthan.
The company prides itself on maintaining high-quality standards and delivering innovative products tailored to customer preferences.
IPO Timeline
- Open Date: January 2, 2025
- Close Date: January 6, 2025
- Basis of Allotment: January 7, 2025
- Initiation of Refunds: January 8, 2025
- Credit of Shares to Demat Accounts: January 8, 2025
- Listing Date: January 9, 2025
Price Band and Lot Size
- Price Band: ₹55 per equity share
- Face Value: ₹10 per equity share
- Lot Size: 2,000 shares
- Minimum Investment: ₹1,10,000
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment Finalization | January 7, 2025 |
| Initiation of Refunds | January 8, 2025 |
| Credit of Shares to Demat | January 8, 2025 |
| Listing Date | January 9, 2025 |
Financials
| Metric | FY 2023 (₹ Lakhs) | FY 2024 (₹ Lakhs) | H1 FY 2025 (₹ Lakhs) |
|---|---|---|---|
| Revenue | 391.33 | 1,339.16 | 634.10 |
| Profit After Tax | 56.62 | 164.05 | 73.59 |
| Net Worth | 109.37 | 554.65 | 627.78 |
| Total Assets | 455.97 | 883.12 | 1,036.20 |
Note: All financials are based on restated consolidated statements.
Strengths
- Diversified Operations: Strong presence in both garment manufacturing and FMCG distribution.
- Experienced Management: Led by an experienced team with a robust industry track record.
- Quality Focus: High-quality product offerings with a strong emphasis on customer satisfaction.
- Growing Financials: Significant growth in revenue and profits over the last two fiscal years.
Risks
- New Entrant in Market: Limited operating history compared to established competitors.
- Dependency on FMCG Segment: Heavy reliance on FMCG distribution for revenue.
- Competition: Faces stiff competition in both garments and FMCG sectors.
IPO Anchor Investors Details
As of the latest information, details regarding anchor investors are yet to be disclosed.
IPO Promoter Holding
| Promoter Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Key Promoters | 100.00 | TBD |
Note: Exact post-issue holdings will be updated after the allotment.
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| January 1, 2025 | NA | NA | NA |
Note: GMP values may fluctuate and are indicative of market sentiment.
Final Thoughts
Davin Sons Retail Limited IPO offers an opportunity for investors seeking exposure to a dual-segment business model with strong growth potential. While the company shows promising financial performance and diversification, risks such as competition and reliance on FMCG distribution should be carefully evaluated.
Investors are advised to conduct thorough research and consult with financial advisors before investing.