Dudani Retail IPO
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Dudani Retail IPO details
Schedule of Dudani Retail
| Issue open date | 25 Sep 2026 |
| Issue close date | 29 Sep 2026 |
| UPI mandate deadline | 29 Sep 2026 (5 PM) |
| Allotment finalization | 30 Sep 2026 |
| Refund initiation | 01 Oct 2026 |
| Share credit | 01 Oct 2026 |
| Listing date | 05 Oct 2026 |
| Mandate end date | 14 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2026 |
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 Dudani Retail
Dudani Retail is a fashion and lifestyle company engaged in designing, manufacturing, sourcing, and supplying a diverse range of apparel for women and men, alongside trading personal care products. The company operates through its own-brand business, licensed manufacturing, and quick-commerce supply arrangements. Its women’s wear portfolio, marketed under the brand “Divena,” features ethnic and fusion garments, including suit sets, kurtas, dresses, tunics, and lehengas. For men, the company trades contemporary apparel under the “Millennial Men” brand, while lifestyle products are offered under “Cosse”. Dudani Retail also manufactures apparel for several licensed labels, such as Roadster and Taavi, functioning on a just-in-time basis for major e-commerce platforms. Key manufacturing processes, including cutting, stitching, and finishing, are executed in-house at its facility in Jaipur, Rajasthan, while value-added processing like dyeing and embroidery is outsourced, ensuring scalable and flexible operations.
Financials of Dudani Retail
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 10.54 |
| Fresh Issue – Proceeds go to the company | 10.54 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery for expansion and upgradation of existing manufacturing facility |
0.79 (7.50%) |
| Repayment/pre-payment of outstanding borrowings | 3 (28.46%) |
| To meet Working Capital Requirements | 3.97 (37.66%) |
| General corporate purposes | 2.78 (26.38%) |
Strengths
- Diverse apparel portfolio covering men’s and women’s fashion.
- Strong distribution network across major e-commerce platforms.
- Strategic licensed manufacturing for top brands like Roadster.
- Established proprietary labels “Divena” and “Millennial Men”.
- Dedicated in-house manufacturing facility in Jaipur.
Risks
- High revenue concentration from a few key customers.
- Heavy reliance on a limited number of raw material suppliers.
- Highly working-capital intensive business with past negative cash flows.
- Vulnerable to fast-changing fashion trends and inventory obsolescence.
- Total dependence on digital sales channels with no physical stores.