Davin Sons IPO is a fixed-price issue totaling ₹8.78 crores. The offering comprises a fresh issue of 15.96 lakh shares.
The IPO will open for subscription on January 2, 2025, and close on January 6, 2025. The share allotment is anticipated to be finalized on Tuesday, January 7, 2025. Davin Sons IPO is set to list on the BSE SME platform, with a tentative listing date of Thursday, January 9, 2025.
Davin Sons Retail Limited operates primarily in the retail sector, focusing on two main segments: garment manufacturing and FMCG (Fast-Moving Consumer Goods) product distribution. They design and produce high-quality ready-to-wear clothing, including jeans, denim jackets, and shirts, and also distribute various FMCG products.
The IPO price is fixed at ₹55 per share. Retail investors can apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹1,10,000. High Net-worth Individuals (HNIs) must invest in at least two lots (4,000 shares), amounting to ₹2,20,000.
Navigant Corporate Advisors Ltd is the book-running lead manager for the issue, while Kfin Technologies Limited acts as the registrar. Aftertrade Broking Pvt Ltd is the market maker for the Davin Sons IPO.
Davin Sons IPO Details:
| Company Name | Davin Sons Retail Limited |
| Sector | FMCG |
| IPO Type | SME |
| IPO Open date | 02nd Jan 2025 |
| IPO Close date | 06th Jan 2025 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Davin Sons IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,10,000 |
| HNI (Min) | 2 | 4000 | 2,20,000 |
Davin Sons IPO Timeline:
| IPO Open Date | 02nd Jan 2025 |
| IPO Close Date | 06th Jan 2025 |
| Basis of Allotment | 07th Jan 2025 |
| Refund Initiation Date | 08th Jan 2025 |
| Shares Credit to Demat | 08th Jan 2025 |
| Listing Date | 09th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Davin Sons’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s FMCG Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Davin Sons and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
