Davin Sons IPO
- IPO Date02 Jan, 2025 to 06 Jan, 2025
- Listing Date09 Jan, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size2000 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size15,96,000 Shares
- Fresh Issue15,96,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue36,66,792
- Shareholding post issue52,62,792
IPO Dates
Closing Date
06 Jan, 2025
Initiation of Refunds
08 Jan, 2025
Listing Date
09 Jan, 2025
02 Jan, 2025
Opening Date
07 Jan, 2025
Basis of Allotment
08 Jan, 2025
Credit of Shares
Davin Sons Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
Davin Sons Promoter Holding
The Promoters of the company are Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 90.68% | 63.18% |
Davin Sons COMPANY INFORMATION
Davin Sons IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 15.96 lakh shares. Davin Sons IPO bidding opened for subscription on January 2, 2025 and will close on January 6, 2025. The allotment for the Davin Sons IPO is expected to be finalized on Tuesday, January 7, 2025. Davin Sons IPO will list on BSE SME with tentative listing date fixed as Thursday, January 9, 2025. Davin Sons IPO price is ₹ 55 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,20,000. Navigant Corporate Advisors Ltd is the book running lead manager of the Davin Sons IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Davin Sons IPO is Aftertrade Broking Pvt Ltd.
Incorporated in March 2022, Davin Sons Retail manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.
The company has two business verticals:
- Manufacturing of readymade Garments through job work basis;
- Distribution of FMCG products.
The company's area of operation is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.
As of December 2024, the company has 20 employees in various sectors.
Competitive Strength
- Diversified Product Portfolio
- Focus on Quality and Innovation
- Experienced Promoter and management team with strong industry expertise and successful track record
- Cordial relations with our customers and Suppliers.
- A diversified business model safeguards the company from industry-specific slowdowns.
FAQs About Davin Sons Ipo
Davin Sons IPO will open on 02 Jan, 2025 and close on 06 Jan, 2025. Investors must apply within this period to participate.
The Davin Sons IPO price band is set between ₹55.00 and ₹0.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹0.00.
The Davin Sons IPO shares are expected to be listed on 09 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Davin Sons IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Davin Sons IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.