Davin Sons IPO Allotment Status: Check Latest GMP, Steps To Verify Status
Davin Sons Retail Limited specializes in the design and manufacture of a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for various brands. The company operates through two main business verticals: the manufacturing of readymade garments on a job work basis and the distribution of FMCG products. IT came up for IPO recently. The bidding for this IPO began on January 2, 2025, and concluded on January 6, 2025. The allotment of shares is scheduled to be finalized on Tuesday, January 7, 2025 (today), with the shares expected to list on the BSE SME platform on Thursday, January 9, 2025
How to Check Davin Sons IPO Allotment Status Online?
Steps to Check Davin Sons IPO Allotment Status on BSE
- Visit the IPO Allotment portal of BSE here.
- Keep the issue type as ‘Equity’
- Select ‘Davin Sons Retail Limited’
- Enter the details (Application no or PAN)
- Enter Captcha
- Click on ‘submit’ button
Steps to Check Davin Sons IPO Allotment Status on Kfin Technologies
- Visit the IPO allotment page on the Kfin Technologies website here.
- Select any one of the five server links displayed on the screen.
- Select 'Davin Sons Retail Ltd.' from the list of companies.
- Enter your Application Number, Demat account number or PAN.
- Enter Captcha to proceed.
- Click ‘Submit’ to view your status.
Davin Sons IPO Details
The Davin Sons IPO is a fixed-price offering comprising a fresh issue of 15.96 lakh shares valued at ₹8.78 crores. The bidding for this IPO began on January 2, 2025, and concluded on January 6, 2025. The allotment of shares is scheduled to be finalized on Tuesday, January 7, 2025, with the shares expected to be listed on the BSE SME platform on Thursday, January 9, 2025. Priced at ₹55 per share, the IPO requires a minimum application size of 2,000 shares. Retail investors need to invest at least ₹1,10,000, while High Net-Worth Individuals (HNIs) must invest in a minimum of two lots (4,000 shares), amounting to ₹2,20,000.
Grey Market Premium Status
Davin Sons Retail’s shares were trading with a GMP of Rs 5 in the unlisted market today, indicating a premium of more than 9% over the upper end of the IPO price band of Rs 55.
Davin Sons IPO Objectives
The company intends to utilize the net proceeds from the Issue to achieve the benefits of listing its equity shares on the BSE SME and to fund several key objectives. These include financing capital expenditures for the purchase of a warehouse, partially funding the working capital requirements, and covering general corporate purposes.
Davin Sons Retail PO Day 3 Subscription Status
(January 6th 2025, End of Day)
The Davin Sons IPO witnessed a strong subscription of 120.8 times as of January 6, 2025, 6:19:08 PM (Day 3). The retail category led the demand, being oversubscribed 164.78 times with 12.49 crore shares bid against the 7.58 lakh shares offered, receiving 62,452 applications. The Non-Institutional Investors (NII) category recorded a subscription of 66.1 times, with 5.01 crore shares bid against 7.58 lakh shares offered, receiving 6,750 applications. Overall, the IPO garnered bids for 18.31 crore shares against the total offer of 15.16 lakh shares, with a total of 1,00,365 applications.
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.