Aliceblue ANTInstall and trade smarter everywhere
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Davin Sons Retail Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹55
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,10,000
Issue Size
₹8.78 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.68%
Promoter Holding (Post-Issue)
63.18%
Issue Type
Fixed Price - SME
ISIN
INE0Q2L01013
Our Company was incorporated with objective to acquisition of proprietorship concern of Mr. Mohit Arora "Jesus Shirts" which was in the business of manufacturing of readymade garments through job work basis. Later, on 01st August, 2022 our Company added objects relating to distribution for the large size FMCG Companies in India for whom we distribute Branded packaged foods, Non-Alcoholic Energy Drinks, Chips etc. On 2nd March, 2023, the running business of the above proprietorship concern was acquired by our Company, along with the assets and liabilities of the proprietorship concern on going concern basis as on 28th February, 2023. Since incorporation, our promoters have been looking after the overall operations and major business decisions of the Company. With our absolute commitment to quality, meticulous attention and level of services, today we have established ourselves as a Manufacturer of Garments through job work basis and distributor of FMCG products. The Company has two business verticals: 1. Manufacturing of readymade Garments; 2. Distribution of FMCG products.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 15,96,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Davin Sons Retail Limited ("Company" or the "Issuer") for cash at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share (the "Issue Price") aggregating to Rs. 8.78 crores ("The Issue") of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share aggregating to Rs. 0.44 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 15,16,000 equity shares of face value of Rs. 10/- each at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share aggregating to Rs. 8.34 crores (the "Net Issue"). The issue and the net issue will constitute upto 30.33% and 28.81% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 55/- each i.e., 5.50 times of the face value of the equity shares. The minimum lot size is 2,000 equity shares
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
TEXTILE INDUSTRY India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India's textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme. FMCG INDUSTRY IN INDIA The FMCG sector in India expanded due to consumer-driven growth and higher product prices, especially for essential goods. FMCG sector provides employment to around 3 million people accounting for approximately 5% of the total factory employment in India. FMCG sales in the country grew 7-9% by revenues in 2022-23. The key growth drivers for the sector include favourable Government initiatives & policies, a growing rural market and youth population, new branded products, and growth of e-commerce platforms. Resilience needs to be the key factor in the manufacturing process, daily operations, retail and logistic channels, consumer insights and communication that will help FMCG companies to withstand the test of time and create more value for consumers in the long run. India's fast-moving consumer goods (FMCG) sector grew 7.5% by volumes in the April-June 2023 quarter, the highest in the last eight quarters, led by a revival in rural India and higher growth in modern trade. Fast-moving consumer goods (FMCG) sector is India's fourth-largest sector and has been expanding at a healthy rate over the years as a result of rising disposable income, a rising youth population, and rising brand awareness among consumers. With household and personal care accounting for 50% of FMCG sales in India, the industry is an important contributor to India's GDP. India is a country that no FMCG player can afford to ignore due to its middle class population which is larger than the total population of USA. The Indian FMCG market continues to rise as more people start to move up the economic ladder and the benefits of economic progress become accessible to the general public. More crucially, with a median age of just 27, India's population is becoming more consumerist due to rising ambitions. This has been further aided by government initiatives to increase financial inclusion and establish social safety nets.
The Company was incorporated as `Davin Sons Retail Limited' under the Companies Act, 2013, pursuant to a Certificate of Incorporation dated 8th February, 2022, issued by the ROC, Central Registration Centre, Ministry of Corporate Affairs. Later, on 2nd March, 2023, the running business of the proprietorship concern of its Promoter namely "JESUS SHIRTS" was taken-over by the Company, along with the Assets and Liabilities of the proprietorship concern as going concern.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.