Davin Sons' IPO offers 15.96 lakh shares worth ₹8.78 Cr to fund warehouse purchases, working capital, and general corporate expenses.
Open Date : January 2, 2025 Close Date : January 6, 2025 Allotment Date: January 7, 2025 Listing Date: January 9, 2025
IPO Price: INR 55 per share Lot Size: 2000 Shares Total Issue Size: INR 8.78 crores
Davin Sons IPO shows mixed performance: 1. Strong historical growth. 2. Improved financial stability. 3. Efficient expense management. 4. Declining RoNW and slower H1 FY2025 growth raise concerns.
Davin Sons IPO Comparison: 1. Davin Sons Retail manufactures readymade garments via job work. 2. Distributes FMCG products. 3. No listed peer group strictly comparable in industry or business segment.
Davin Sons IPO Objective: 1. ₹1.36 Cr for warehouse establishment and geographical expansion. 2. ₹4.22 Cr for working capital. 3. Remaining funds for general corporate purposes.
Davin Sons IPO Risks: 1. Litigation risks and operational impact. 2. Revenue vulnerability from top 10 customers. 3. Financial challenges due to negative cash flows.