The IPO of Davin Sons is scheduled to commence on January 2. Through an IPO, Davin Sons, a SME, hopes to raise ₹8.78 crores. With 2000 shares in the market, the Davin Sons IPO price range is set at ₹55.
The IPO price range for Davin Sons is ₹55 per share. HNI is 50%, QIB is [.]%, and the retail quota is 50%. On January 9, 2025, Davin Sons’ IPO will go public on the BSE. The date of Davin Sons’ initial public offering is set for January 7, 2025. Compared to ₹3.91 crore in 2023, the company’s 2024 revenue was ₹13.39 crore. In 2024, the company reported a profit of ₹1.64 crores, compared to ₹0.57 crores in 2023. Investors should apply for the IPO for a long time, according to the financials.
Davin Sons IPO Details
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Listing Date | Thursday, January 9, 2025 |
| Face Value | ₹10 per share |
| Price | ₹ 55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 15,96,000 shares
(aggregating up to ₹8.78Cr) |
| Fresh Issue | 15,96,000 shares
(aggregating up to ₹ 8.78Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
Davin Sons Financial Analysis
The financial year that ended on March 31, 2024, saw a 190% increase in profit after tax (PAT) and a 242% increase in sales for Davin Sons Retail Limited. Davin Sons’ initial public offering (IPO) has a market valuation of Rs 28.95 Cr.
| FY 2024 | |
| Assets | 1,036.2 |
| Revenue | 634.1 |
| Profit After Tax | 73.59 |
| Net Worth | 627.78 |
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25 |
About the Company – Davin Sons
The company Davin Sons Retail Limited was established in February 2022. In addition to designing and producing ready-to-wear apparel, the company sells a variety of premium jeans, denim jackets, and shirts for other companies. Cutting, stitching, finishing, testing, and packing are all steps in the production process. The business occasionally contracts out the complete clothing manufacturing process, providing technical specifications such as designs, patterns, quality, fabrics, etc., and acquiring the necessary raw materials in accordance with the specifications before starting the manufacturing process.
