Incorporated in March 2022, Davin Sons Retail Limited manufactures and designs a wide range of high-quality readymade garments, including jeans, denim jackets, and shirts for other brands.
The company has two business verticals:
The company’s area of operation is in the states of Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar and Chhattisgarh where customers are scattered across large area.
As of December 2024, the company has 20 employees in various sectors.
Competitive Strength
Davin Sons Retail Limited’s revenue increased by 242% and profit after tax (PAT) rose by 190% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,036.2 | 883.12 | 455.97 | 5 | ||||||||||||||||||||||||||||||||||||
| Revenue | 634.1 | 1,339.16 | 391.33 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 73.59 | 164.05 | 56.62 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 627.78 | 554.65 | 109.37 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 194.45 | 24 | 128.15 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Davin Sons IPO is Rs 28.95 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.41% |
| ROCE | 54.52% |
| RoNW | 29.58% |
| PAT Margin | 12.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.47 | 2.80 |
| P/E (x) | 12.29 | 19.67 |
The company proposes to utilize the net proceeds from the Issue towards funding the following objects and achieve the benefits of listing the equity shares on the BSE SME.
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹ 55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 15,96,000 shares (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 15,96,000 shares (aggregating up to ₹ 8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,66,792 shares |
| Share Holding Post Issue | 52,62,792 shares |
| Market Maker Portion | 80,000 shares |
The Promoters of the company are Mr Mohit Arora, Mr Nohit Arora, Mr Davinder Arora, Mrs Lalita Rani and Mrs Sonam Arora.
| Share Holding Pre Issue | 90.68% |
| Share Holding Post Issue | 63.18% |
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