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Davin Sons Retail IPO
Davin Sons Retail Ltd
₹1,10,000 /2000 sharesMinimum Investment
Davin Sons Retail IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹55.00 | ₹44.00 | -₹11.00 (20.00%) |
Davin Sons Retail IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 2 Jan ‘25 - 6 Jan ‘25 | ₹1,10,000 | 2,000 | ₹55 - ₹55 |
| Issue Size | IPO Doc |
|---|---|
| 8.78Cr | RHP PDF |
About Davin Sons Retail
Founded in
2022
Managing director
Mr. Mohit Arora
Parent organisation
Davin Sons Retail Ltd
Strengths & Financials of Davin Sons Retail
Strengths
Risks
The company offers a diverse range of products to meet customer needs. Its product portfolio includes a wide selection of readymade garments and FMCG products. This variety enables the company to fulfil multiple customer requirements and expand its business with existing clients.
The company claims to maintain high quality standards. It implements a strict quality control policy, ensuring that all materials and products are thoroughly checked and meet required standards before dispatch.
Even though the company was incorporated in 2022, it did observe some increase in revenue from operations and profit after tax (PAT) from FY23 to FY24. Revenue from operations increased from Rs 3.83 crore in FY23 to Rs 13.39 crore in FY24. PAT increased from Rs 0.57 crore in FY23 to Rs 1.64 crore in FY24.
The company has a limited operating history, as it was recently incorporated and acquired the running business of Jesus Shirts, a proprietorship firm owned by its promoter. This limited history makes it challenging for investors to assess its past performance or future potential.
A large portion of the company’s revenue comes from its top 10 customers. They contributed about 64.17% in FY23, 51.56% in FY24, and 80.51% for the six months ending September 30, 2024, to the revenue from operations. The loss of any of these major clients or a reduction in business from any of them could adversely impact the company’s operations and finances.
The company, its directors and promoters are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Most of the company’s revenue is generated from operations in specific regions, including Delhi, Haryana, Rajasthan, Chhattisgarh, Uttar Pradesh, Bihar, Gujarat, and Punjab. These states accounted for almost 100% of the total revenue from operations in FY23 and FY24. Any adverse developments in any of these mentioned areas could negatively affect the company’s operations and finances.
The company depends on third-party manufacturers to produce its readymade garments. Any disruption in this arrangement could adversely affect its operations and financial performance.
Davin Sons Retail Financials
*All values are in Rs. Cr
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Application Details of Davin Sons Retail IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹55 - 55 | ₹2 - 5 Lakh |
| High Networth Individual | ₹55 - 55 | ₹2 - 5 Lakh |
For Davin Sons Retail IPO, eligible investors can apply as Regular.