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The Davin Sons IPO is a fixed-price offering worth ₹8.78 crores, consisting entirely of a fresh issue of 15.96 lakh shares.
The subscription window for the IPO opens on January 2, 2025, and closes on January 6, 2025. The allotment of shares is anticipated to be finalized on Tuesday, January 7, 2025, with the IPO expected to list on the BSE SME platform on Thursday, January 9, 2025.
Priced at ₹55 per share, the IPO requires a minimum application of 2,000 shares per lot. Retail investors must invest a minimum of ₹1,10,000, while HNIs must apply for at least 2 lots (4,000 shares), amounting to ₹2,20,000.
| 80,000 shares After Trade Broking Pvt Ltd | 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 |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
| Market Maker Portion | 80,000 shares After trade Broking Pvt Ltd |
| 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 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
| 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%) |
| 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 |
Maximizing Opportunities with Davin Sons Retail Limited IPO
The Davin Sons Retail Limited IPO offers a strong investment opportunity for both retail and HNI investors, with a fixed price of ₹55 per share. With a minimum investment requirement of ₹1,10,000 for retail investors and a structured allotment process, this IPO is well-positioned for those seeking to participate in the company's growth. Backed by industry leaders such as Navigant Corporate Advisors Ltd and Kfin Technologies Ltd, the IPO provides a secure entry point. The expected listing on the BSE SME platform on January 9, 2025, makes it an attractive option for investors looking to capitalize on emerging market opportunities.
The Davin Sons Retail Limited IPO presents an attractive investment opportunity with a fixed price of ₹55 per share. Opening on January 2, 2025, and closing on January 6, 2025, the IPO is set to list on the BSE SME platform by January 9, 2025. Retail investors can start with ₹1,10,000, while HNIs require a minimum investment of ₹2,20,000. With solid backing from industry leaders like Navigant Corporate Advisors Ltd, the IPO offers a promising entry for investors seeking growth.
