Davin Sons Retail IPO Closed
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Schedule of Davin Sons Retail
| Issue open date | 02 Jan 2025 |
| Issue close date | 06 Jan 2025 |
| UPI mandate deadline | 06 Jan 2025 (5 PM) |
| Allotment finalization | 07 Jan 2025 |
| Refund initiation | 08 Jan 2025 |
| Share credit | 08 Jan 2025 |
| Listing date | 09 Jan 2025 |
| Mandate end date | 21 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 06 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 07 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Davin Sons Retail
Incorporated in March 2022, Davin Sons Retail Limited manufactures readymade garments, including jeans, denim jackets, and shirts, on a job-work basis. The company also distributes FMCG products like biscuits, energy drinks, and chocolates. It operates in regions including Delhi, Haryana, Punjab, and Rajasthan, serving a client base that includes large FMCG companies and local retailers.
Financials of Davin Sons Retail
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹8.78 crores |
| Fresh Issue | ₹8.78 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for warehouse | 1.36 (15.50%) |
| Incremental working capital financing | 4.22 (48.00%) |
| General corporate purposes and others | 1.89 (21.50%) |
| Issue expenses | 1.30 (14.80%) |
Strengths
- Diversified product portfolio across readymade garments and FMCG products.
- Focus on maintaining quality and innovation to stay competitive.
- Promoters and management team with over 10 years of industry expertise.
- Strong, long-term relationships with customers and suppliers.
- Diversified business model across independent segments, reducing industry risk.
Risks
- Limited operating history as a company makes future performance difficult to evaluate.
- Revenue is heavily reliant on top 10 customers, with risks if business is lost.
- Negative cash flows in certain years may impact financial conditions.
- Fluctuations in raw material prices may affect production costs and margins.
- FMCG distribution is exposed to price fluctuations and supply uncertainties.
- Dependence on third-party manufacturers exposes the business to operational disruptions.
Allotment Status for Davin Sons Retail
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