Davin Sons Retail Ltd

Davin Sons Retail Ltd IPO

IPO Price Range: ₹55 - 55

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. 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 and distributor of FMCG products.Our Company has two business verticals:1. Manufacturing of readymade Garments;2. Distribution of FMCG products.

Min Investment

₹1,10,000

IPO Size

₹8 Cr

IPO Status

Live

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Davin Sons Retail Ltd

Open Date2 Jan 2025
Close Date6 Jan 2025
Allotment Date7 Jan 2025
Listing Date9 Jan 2025

Key Statistics

Bid Opening DateBid Opening Date2 Jan 2025
Bid Closing DateBid Closing Date6 Jan 2025
Allotment DateAllotment Date7 Jan 2025
Issue SizeIssue Size₹8.78Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • Experienced Management team having domain knowledge to scale up and expand into new opportunities.

  • Diversified revenue sources and customer base.

  • Smooth flow of operations.

  • Customer oriented approach.

  • Infrastructural Strength.


Risk

Risk

  • Our Company has been recently incorporated and post incorporation has acquired the runningbusiness of M/s. Jesus Shirts (Proprietorship firm of our Promoter) thus we have limited operatinghistory as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.

  • There are outstanding litigation proceedings involving our Company, our Promoters and/ or ourDirectors, an adverse outcome in which, may have an adverse impact on our reputation, business,financial condition, results of operations and cash flows.

  • The Warehouses of Our Company are not owned by us.

  • Our top 10 customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.

  • We have experienced negative cash flows and any negative cash flows in the future could adverselyaffect our financial conditions and results of operations.

  • We have not executed any agreement with any of our Job workers contractors.

  • There are certain delayed in filing and non-compliances noticed in some of our financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.

  • We rely on third party manufacturers for manufacturing of our readymade garments. In the event the manufacturing facilities of our third party manufacturers cease to be available to us at terms acceptable to us, or we experience problems with, or interruptions at such facilities, our business, results of operations and financial condition may be adversely affected.

  • We generate our major portion of sales from our operations in certain geographical regions of Delhi, Haryana, Rajasthan, Chhattisgarh, Uttar Pradesh, Bihar, Gujarat and Punjab and any adversedevelopments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.

  • Relevant copy of educational qualification of our promoters are not traceable.

Promoters Holding

Investors Holdings %
Mohit Arora52.53%
Nohit Arora15.93%
Davinder Arora11.06%
Lalita Rani10.64%
Sonam Arora0.52%

About Davin Sons Retail Ltd

OrganisationDavin Sons Retail Ltd
HeadquartersDelhi
IndustryTrading

Frequently Asked Questions

  • What is the size of the Davin Sons Retail Ltd IPO?

    The size of the Davin Sons Retail Ltd IPO is ₹8.78Cr .

  • What is 'pre-apply' for Davin Sons Retail Ltd IPO?

    'Pre-apply' for Davin Sons Retail Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Davin Sons Retail Ltd IPO order be placed?

    Your Davin Sons Retail Ltd IPO order will be placed on 2 Jan 2025.

  • What are the open and close dates of the Davin Sons Retail Ltd IPO?

    The open and close dates of the Davin Sons Retail Ltd IPO are 2 Jan 2025 to 6 Jan 2025.

  • What is the lot size and minimum order quantity of the Davin Sons Retail Ltd IPO?

    The lot size and minimum order quantity of the Davin Sons Retail Ltd IPO are 2000 and 2000 respectively.

  • What would be the listing gains on the Davin Sons Retail Ltd IPO?

    The potential listing gains on the Davin Sons Retail Ltd IPO will depend on various market factors and cannot be predicted with certainty.