IPO Details
Bidding Dates
01 Jan '25 - 05 Jan '25
Minimum Investment
₹1,10,000/ 1 Lot (2000 Shares)
Price Range
₹55
Maximum Investment
₹1,10,000/ 1 Lot (2000 Shares)
Retail Discount
To be announced
Issue Size
₹8.78 crore
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Davin Sons IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jan 1, 2025
IPO Closing Date
Jan 5, 2025
Basis of Allotment
Jan 6, 2025
Initiation of Refunds
Jan 7, 2025
IPO Listing Date
Jan 8, 2025
Davin Sons IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Jan 1, 2025 |
0.55 | 4.89 | 2.72 |
Day 2Jan 2, 2025 |
1.27 | 9.22 | 5.25 |
About Davin Sons IPO
Davin Sons IPO is a fixed price issue valued at ₹8.78 crore. This IPO consists entirely of a fresh issue of 15.96 lakh shares, priced at ₹55 per share. The subscription period begins on January 2, 2025, and ends on January 6, 2025. The allotment is expected to be finalised on January 7, 2025, with the shares tentatively set to list on the BSE SME platform on January 9, 2025.
Investors can apply with a minimum lot size of 2,000 shares, requiring an investment of ₹1,10,000 for retail participants. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (4,000 shares), amounting to ₹2,20,000.
Navigant Corporate Advisors Ltd is the book-running lead manager for this IPO, ensuring smooth execution, while Kfin Technologies Limited is handling the registrar duties. Aftertrade Broking Pvt Ltd serves as the market maker.
Davin Sons IPO provides an opportunity for investors to participate in a growing enterprise through this SME listing, making it a noteworthy event in the stock market calendar for January 2025.
Industry Outlook
- The Indian textiles and apparel market is projected to grow at a 10% CAGR, reaching US$ 350 billion by 2030, with exports expected to hit US$ 100 billion. The sector contributes 2.3% to GDP and is anticipated to double its share to 5% by the decade's end.
- FMCG sales in India grew 7-9% in revenues during 2022-23, with the sector contributing approximately 5% to the total factory employment and achieving 7.5% volume growth in April-June 2023, driven by rural demand and modern trade expansion.
Davin Sons IPO Objectives
The company will use the proceeds of the issue for the following objects:
- The funds will be used to purchase a warehouse, enhancing operational capacity and storage infrastructure.
- A portion of the funds will address the company's working capital needs, ensuring smooth day-to-day operations.
- The remaining funds will be utilised for general corporate purposes.
About Davin Sons Limited
Davin Sons Limited is a company founded by Mr. Mohit Arora and Mr. Nohit Arora, who have over a decade of experience in garment designing, manufacturing, and trading. The company started its journey in 2012 with a proprietorship concern, M/s. Jesus Shirts focuses on manufacturing readymade garments. In 2022, the business was incorporated as Davin Sons Retail Limited to further expand its operations.
The company operates in two key verticals: manufacturing readymade garments through a job work basis and distributing FMCG products. It manufactures diverse high-quality garments, including jeans, denim jackets, and shirts, by outsourcing production to third-party contractors. The company ensures that every product meets specific quality standards and is delivered to its warehouse for further inspection and distribution.
Additionally, Davin Sons is involved in the distribution of FMCG products such as biscuits, non-alcoholic energy drinks, chips, toffees, chocolates, and edible oils. The company works with large FMCG brands and serves a wide range of local retailers and wholesalers across regions like Delhi, Haryana, Punjab, Bihar, Uttar Pradesh, Rajasthan, Chhattisgarh, and Arunachal Pradesh. With a strong focus on quality and customer satisfaction, Davin Sons aims to grow its presence in both garment manufacturing and FMCG distribution.
How To Check the Allotment Status of the Davin Sons IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for a Davin Sons IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Davin Sons IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Davin Sons Limited
Registered office: 609, Sixth Floor, P.P. City Centre Plot No. 3, Road No. 44,
Pitampura Rani Bagh, Delhi, North West Delhi -110034
Phone: + 91-11- 49092127
E-mail: info@davinsonsretail.com
Davin Sons IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
- |
|
Market Maker Shares Offered |
80,000 (5.01%) |
|
Other Shares Offered |
7,58,000 (47.49%) |
|
Retail Shares Offered |
7,58,000 (47.49%) |
|
Total Shares Offered |
15,96,001 (100%) |
Davin Sons IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
2,000 |
₹1,10,000 |
|
Retail (Max) |
13 |
2,000 |
₹1,10,000 |
|
HNI (Min) |
14 |
4,000 |
₹2,20,000 |
Davin Sons IPO Promoter Holding
The company's Promoters are Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora.
|
Share Holding Pre Issue |
90.68% |
|
Share Holding Post Issue |
63.18% |
Key Performance Indicators for Davin Sons IPO
As of March 31, 2024, the KPIs of Davin Sons
|
KPI |
Values |
|
ROE |
49.41% |
|
ROCE |
54.52% |
|
RoNW |
29.58% |
|
PAT Margin |
12.25 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
P/E (x) |
12.29 |
19.67 |
|
EPS (₹) |
4.47 |
2.80 |
Note: The Pre-IPO EPS is based on the shareholding before the issue and the latest earnings for the financial year ending March 31, 2024. The Post-IPO EPS is calculated using the shareholding after the issue and the annualized earnings as of September 30, 2024.
Davin Sons IPO Prospectus
Davin Sons IPO Registrar and Lead Managers
Davin Sons IPO Lead Managers
Navigant Corporate Advisors Limited
Registrar for Davin Sons IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: dsrl.ipo@kfintech.com
Website: Davin Sons IPO Registrar
Financial Performance of Davin Sons Limited
| Particulars | Period ending on September 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 628.42 | 1339.16 | 383.14 |
| Profit After Tax (PAT) (in ₹ lakh) | 73.59 | 164.05 | 56.62 |
| Return on Equity (“RoE”) (%) | 12.45 | 49.41 | 51.77 |
| EBITDA (in ₹ lakh) | 107.88 | 233.57 | 69.04 |
| Total Borrowings (in ₹ lakh) | 194.45 | 24.00 | 128.15 |
| Return on Capital Employed (RoCE) (%) | 15.37 | 54.52 | 33.21 |
| Return on Net Worth (%) | 11.72 | 29.58 | 51.77 |
Know before investing
Strengths
5-
Diversified product portfolio catering to Readymade Garments and FMCG products.
-
Focus on quality and innovation to stay competitive in the market.
-
Experienced promoters with over 10 years of industry expertise.
-
Strong relationships with customers and suppliers for consistent business growth.
-
Independent business verticals reduce risk from industry-specific slowdowns.
Risks
5-
Limited operating history due to recent incorporation and business acquisition.
-
Reliance on top 10 customers contributing 64.17% of revenue in FY 2022-23.
-
No agreements with job workers may affect supply and profitability.
-
Delays in filing returns and non-compliance may affect cash flows.
-
Dependence on third-party manufacturers; disruptions could impact operations.
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Davin Sons IPO FAQs
Davin Sons IPO is a Fixed Price Issue IPO. It will be open from January 2, 2025 to January 6, 2025.
The Basis of Allotment will happen on Tuesday, January 7, 2025.
The IPO subscription window will open on January 2, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2000 shares.
The listing date for Davin Sons IPO is Thursday, January 9, 2025.
The issue size of the Davin Sons IPO is up to ₹8.78 crore, with a complete fresh issue of ₹8.78 crore.
The open and close dates for Davin Sons IPO are from January 2, 2025, to January 6, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Davin Sons’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Davin Sons IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
The Davin Sons IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
