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Objective of the Issue
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
- To finance the Capital Expenditure for the purchase of the Warehouse.
- To part finance the requirement of Working Capital.
- To meet General corporate purposes.
IPO Details, Price, Market Lot
| Davin Sons SME IPO Details | |
| IPO Open Date | 2 January 2025 |
| IPO Close Date | 6 January 2025 |
| IPO Issue Size | 15,96,000 Shares (Aggregating up to ₹8.78 Cr) |
| Fresh Issue | 15,96,000 Shares (Aggregating up to ₹8.78 Cr) |
| Offer for Sale | NIL |
| Retail Portion | 50% |
| Other’s Portion | 50% |
| Listing At | BSE SME |
| Davin Sons SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹ 55 Per Share |
| Employee Discount | — |
| IPO Issue Type | Fixed Price Issue |
| Davin Sons SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 1 Lot (2000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,10,000 |
| Maximum Lot Size | 1 Lot (2000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,10,000 |
| Davin Sons SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 2 Lots (4000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,20,000 |
IPO Date, Listing Date, Allotment Date
| Davin Sons SME IPO Time Table (Tentative) | |
| IPO Open Date | 2 January 2025 |
| IPO Close Date | 6 January 2025 |
| Basis of Allotment Date | 7 January 2025 |
| Initiation of Refunds | 8 January 2025 |
| Credit of Share to Demat Account | 8 January 2025 |
| IPO Listing Date | 9 January 2025 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 September 2024 | 1,036.2 | 634.1 | 73.59 | 627.78 | 194.45 |
| 31 March 2024 | 883.12 | 1,339.16 | 164.05 | 554.65 | 24 |
| 31 March 2023 | 455.97 | 391.33 | 56.62 | 109.37 | 128.15 |
| 31 March 2022 | 5 |
| Period Ended | 30 Sept. 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 1,036.2 | 883.12 | 455.97 | 5 |
| Revenue | 634.1 | 1,339.16 | 391.33 | |
| P A T | 73.59 | 164.05 | 56.62 | |
| Net Worth | 627.78 | 554.65 | 109.37 | |
| Borrowings | 194.45 | 24 | 128.15 | |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora are the promoter’s of company.
| Pre Issue Promotor Holding | 90.68% |
| Post Issue Promotor Holding | 63.18% |
Company Address
Davin Sons Retail Limited
609, Sixth Floor, Road No. 44, Pitampura, P.P. City Centre Plot No. 3, Road No. 44, Pitampura Rani Bagh-, North West Delhi -110034
Phone: + 91-11- 4909212
Email: info@davinsonsretail.com
Website: http://www.davinsonsretail.com/
IPO Registrar, Lead Manager, Prospectus
| Davin Sons SME IPO Prospectus |
| Davin Sons SME IPO Registrar |
| Kfin Technologies Limited |
| Davin Sons SME IPO Lead Manager |
| Navigant Corporate Advisors Ltd |