Davin Sons IPO

Davin Sons IPO is a fixed price issue valued at ₹8.78 crore. This IPO consists entirely of a fresh issue of 15.96 lakh shares, priced at ₹55 per share. The subscription period begins on January 2, 2025, and ends on January 6, 2025. The allotment is expected to be finalised on January 7, 2025, with the shares tentatively set to list on the BSE SME platform on January 9, 2025.

Investors can apply with a minimum lot size of 2,000 shares, requiring an investment of ₹1,10,000 for retail participants. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (4,000 shares), amounting to ₹2,20,000.

Navigant Corporate Advisors Ltd is the book-running lead manager for this IPO, ensuring smooth execution, while Kfin Technologies Limited is handling the registrar duties. Aftertrade Broking Pvt Ltd serves as the market maker.

Davin Sons IPO provides an opportunity for investors to participate in a growing enterprise through this SME listing, making it a noteworthy event in the stock market calendar for January 2025.

Industry Outlook

1. The Indian textiles and apparel market is projected to grow at a 10% CAGR, reaching US$ 350 billion by 2030, with exports expected to hit US$ 100 billion. The sector contributes 2.3% to GDP and is anticipated to double its share to 5% by the decade's end.
2. FMCG sales in India grew 7-9% in revenues during 2022-23, with the sector contributing approximately 5% to the total factory employment and achieving 7.5% volume growth in April-June 2023, driven by rural demand and modern trade expansion.

Davin Sons IPO Objectives 

The company will use the proceeds of the issue for the following objects:

• The funds will be used to purchase a warehouse, enhancing operational capacity and storage infrastructure.
• A portion of the funds will address the company's working capital needs, ensuring smooth day-to-day operations.
• The remaining funds will be utilised for general corporate purposes.

About Davin Sons Limited 

Davin Sons Limited is a company founded by Mr. Mohit Arora and Mr. Nohit Arora, who have over a decade of experience in garment designing, manufacturing, and trading. The company started its journey in 2012 with a proprietorship concern, M/s. Jesus Shirts focuses on manufacturing readymade garments. In 2022, the business was incorporated as Davin Sons Retail Limited to further expand its operations.

The company operates in two key verticals: manufacturing readymade garments through a job work basis and distributing FMCG products. It manufactures diverse high-quality garments, including jeans, denim jackets, and shirts, by outsourcing production to third-party contractors. The company ensures that every product meets specific quality standards and is delivered to its warehouse for further inspection and distribution.

Additionally, Davin Sons is involved in the distribution of FMCG products such as biscuits, non-alcoholic energy drinks, chips, toffees, chocolates, and edible oils. The company works with large FMCG brands and serves a wide range of local retailers and wholesalers across regions like Delhi, Haryana, Punjab, Bihar, Uttar Pradesh, Rajasthan, Chhattisgarh, and Arunachal Pradesh. With a strong focus on quality and customer satisfaction, Davin Sons aims to grow its presence in both garment manufacturing and FMCG distribution.

How To Check the Allotment Status of the Davin Sons IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for a Davin Sons IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Davin Sons IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Davin Sons Limited 

Registered office: 609, Sixth Floor, P.P. City Centre Plot No. 3, Road No. 44,

Pitampura Rani Bagh, Delhi, North West Delhi -110034

Phone: + 91-11- 49092127

E-mail:  info@davinsonsretail.com 

Davin Sons IPO Reservation

Davin Sons IPO Lot Size Details

Davin Sons IPO Promoter Holding

The company's Promoters are Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora.

 

Key Performance Indicators for Davin Sons IPO

As of March 31, 2024, the KPIs of Davin Sons

 

Price Metrics

Note: The Pre-IPO EPS is based on the shareholding before the issue and the latest earnings for the financial year ending March 31, 2024. The Post-IPO EPS is calculated using the shareholding after the issue and the annualized earnings as of September 30, 2024.

Davin Sons IPO Prospectus

• Davin Sons IPO RHP
• Davin Sons IPO DRHP

Davin Sons IPO Registrar and Lead Managers

Davin Sons IPO Lead Managers

Navigant Corporate Advisors Limited

Registrar for Davin Sons IPO

 Kfin Technologies Limited

• Contact Number: 04067162222, 04079611000
• Email Address: dsrl.ipo@kfintech.com

Website: Davin Sons IPO Registrar

Financial Performance of Davin Sons Limited

Know before investing

Strengths

5

1. Diversified product portfolio catering to Readymade Garments and FMCG products.

2. Focus on quality and innovation to stay competitive in the market.

3. Experienced promoters with over 10 years of industry expertise.

4. Strong relationships with customers and suppliers for consistent business growth.

5. Independent business verticals reduce risk from industry-specific slowdowns.

Risks

5

1. Limited operating history due to recent incorporation and business acquisition.

2. Reliance on top 10 customers contributing 64.17% of revenue in FY 2022-23.

3. No agreements with job workers may affect supply and profitability.

4. Delays in filing returns and non-compliance may affect cash flows.

5. Dependence on third-party manufacturers; disruptions could impact operations.