Davin Sons’ subscription started on Thursday, January 2, 2025, and will close on January 6, 2025, as per the schedule. The price band is set at ₹55 per share with a face value of ₹10.
Davin Sons IPO Subscription Status
Davin Sons IPO Subscribed over 2.72x on its First day till 5.00 PM on 2nd January.
- Davin Sons IPO subscription QIB investors portion is 0 times, while NII subscribed 0.55 times and RII investors subscribed 4.89 times.
- The company has received bids for 41,26,000 shares against 15,16,001 shares on offer on the first day of subscription.
- Davin Sons IPO Subscribed over 2.72x on its first day.
About Davin Sons Company
Incorporated in March 2022, Davin Sons Retail Limited is one of the growing companies engaged in the business of manufacturing Garments and Distribution of FMCG products. The manufacturing garments process generally contains cutting, stitching, sewing, finishing, inspection, and packing. In the manufacturing of readymade garments, they offer a wide range of products such as High-quality jeans, denim fabrics, denim jackets, and t-shirts for other brands. A3 Retail, V-Bazaar, Sam Stitch, V2 Retail, Megashop, and Chandra Fabrics are some of the clients they supply their readymade garments. Other than manufacturing garments, they are also involved in the business of Distribution of FMCG (Fast-Moving Consumer Goods products), where they purchase FMCG products from other famous brands/companies and sell them to various retailers, shopkeepers, other distributors, and agents. As of now, DavinSons Retail supplies and distributes its products in the states of Delhi, Haryana, West Bengal, Uttar Pradesh, Punjab, Rajasthan, and Arunachal Pradesh. At the end of FY 2024, the company’s revenue increased by 242%, and profit after tax climbed by 190%, respectively.
Davin Sons Financial Report
The company reported revenue of ₹13.39 crores in 2024 against ₹3.91 crores in 2023. The company reported a profit of ₹1.64 crores in 2024 against a Profit of ₹0.57 crores in 2023.
Davin Sons IPO GMP:
Davin Sons IPO GMP was ₹0 as of Thursday, January 2nd. That indicates the IPO is trading at ₹55 with ₹0 premium in the grey market against the issue price of ₹55.
