Davin Sons Retail IPO bidding will start from 2nd Jan 2025 and the bidding ends on 6th Jan 2025. The listing date is on 9th Jan 2025 and the total issue size is of ₹9Cr. The offer price is ₹55(fixed) having the lot size of 2000 shares (You have to purchase a minimum of 2000 shares which makes a lot). So this makes a minimum investment of ₹1,10,000.
The allocation of the share is on 7th Jan 2025. Also, the refund and credit of shares will be on 8th Jan 2025. The trading in Davin Sons Retail will begin on 9th Jan 2025. In this blog, you will get to know about Davin Sons Retail IPO GMP trends, its overview, valuation, and other details.
Davin Sons Retail GMP Trends
| Date | GMP Price | Trend | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 06-Jan 2025 (Closed) | ₹15 | – | – | 22800 |
| 05-Jan 2025 | ₹15 | – | – | 22800 |
| 04-Jan 2025 | ₹15 | – | – | 22800 |
| 03-Jan 2025 | ₹15 | 📈 | – | 22800 |
| 02-Jan 2025 | – | – | – | – |
| 01-Jan 2025 | – | – | – | – |
| 31-Dec 2024 | – | – | – | – |
Sometimes the stock is not traded in the Grey market or it is very difficult to track a particular stock in the grey market.
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Davin Sons Retail Overview
Founded in March 2022(Incorporated), Davin Sons Retail Limited was in the business of a variety of garments. Davin Sons Retail manufactures, designs, and distributes readymade garments which include shirts, pants, jeans, and jackets. Davin Sons Retail also has business in the food industry. It distributes FMCG products which include non-alcoholic energy drinks, biscuits, chips, oil, and chocolates. Davin Sons Retail basically has warehouses where it stores the FMCG products from the large FMCG company and from there it distributes to various retail shops.
Davin Sons Retail operates the majority in north Indian states such as Delhi, Uttar Pradesh, Bihar, Haryana, Punjab, Rajasthan, Chhattisgarh, and Gujrat. Their garments warehouse was in Delhi and the FMCG warehouse was in Haryana. The revenue percentage from Garments Vs FMCG products is 54% vs 46%. Their major revenue comes from Tea which contributes around 36% of FMCG products then followed by Biscuits (28%).
Davin Sons Retail IPO Objective
Here are the following objectives of Davin Sons Retail IPO:-
- The primary objective is to utilize IPO funds for the capital expenditure requirement of the warehouse.
- The second objective is to use funds for the day-to-day operation which includes buying materials and running operations smoothly.
- The last objective is to use funds for general corporate and expenses of IPO issues.
Davin Sons Retail IPO Details
| Stock Symbol | DAVINSON |
| Industry | Retail |
| Issue Size | ₹9 Cr |
| Lot Size | 2000 |
| Price Range | ₹55 (Fixed) |
| Bid Start Date | 02nd Jan 2025 |
| Bid End Date | 06th Jan 2025 |
| Allotment Date | 07th Jan 2025 |
| Refund and Share Credit Date | 08th Jan 2025 |
| Listing Date | 09th Jan 2025 |
| Mandate End Date | 21st Jan 2025 |
| Lock-in end Date | 07th Apr 2025 |
| Prospectus | Download |
| Address | 609, Sixth Floor, P.p. City Centre, Plot No. 3, Road No. 44, Pitampura, Rani Bagh, North West Delhi, 110034, India |
| Email Id | – |
| Phone No | 01149092127 |
Davin Sons Retail valuation
All the valuations are in crores(Cr) INR. The source of the information is from Screener. If you want to see more detail on the IPO then follow my blog here.
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2022 March | 4.29 | 3.92 | 0.56 |
| 2023 March | 8.23 | 13.39 | 1.64 |
| 2024 Sep | 9.57 | 6.34 | 0.73 |