₹ 110000
₹55- ₹55
2000
₹44
-20
6 Jan 2025
Download8 Jan 2025
9 Jan 2025
Application Details
The Davin Sons IPO is scheduled to open on January 2, 2025, and close on January 6, 2025. Priced at ₹55 per share with a face value of ₹10 per share, this Fixed Price Issue IPO requires investors to bid in lots of 2,000 shares. The total issue size comprises 15,96,000 shares, aggregating to ₹8.78 crore. The entire issue consists of a fresh issue of shares, and the company will be listed on the BSE SME platform.
The IPO reserves 50% of the net issue for retail investors, while the remaining 50% is allocated to other investor categories. Retail investors can apply for a minimum of one lot (2,000 shares) for ₹1,10,000, while HNI investors can apply for a minimum of two lots (4,000 shares) for ₹2,20,000.
The IPO timeline includes the basis of allotment finalization on January 7, 2025, initiation of refunds and credit of shares to demat accounts on January 8, 2025, and the listing date set for January 9, 2025. Investors should ensure UPI mandate confirmation by 5 PM on January 6, 2025, to avoid application rejection.
About Davin Sons Retail Limited (SME IPO)
Incorporated in March 2022, Davin Sons Retail Limited specializes in manufacturing and designing high-quality readymade garments such as jeans, denim jackets, and shirts for other brands. The company also operates a distribution business for FMCG products, diversifying its revenue streams.
Davin Sons operates across Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, with a broad customer base spread over these states. As of December 2024, the company employs 20 staff members across various roles.
The company’s competitive strengths include a diversified product portfolio, a focus on quality and innovation, and a management team with extensive industry expertise and a proven track record. Strong relationships with customers and suppliers further bolster its operational efficiency. Additionally, its diversified business model provides resilience against industry-specific downturns, ensuring sustainable growth.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.