A new IPO is here for stock market investors – Devins Thand Retail Limited. It opens on January 2, 2025, and closes on January 6, 2025.
Here’s what you need to know: Each share has a face value of ₹10 but will be issued at ₹55. The company is offering 15,96,000 shares and plans to raise about ₹8.78 crores. This is a fresh issue, meaning all the funds are going to the company.
For retail investors, the lot size is 2,000 shares. The IPO is fixed-price and will be listed on the BSE SME exchange. There’s also a market maker portion of 80,000 shares to ensure smooth trading.
IPO Important Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 2 January, 2025 (Thursday) |
| IPO Close Date | 6 January, 2025 (Monday) | |
| Pricing Information | Face Value | ₹10 per share |
| Issue Price | ₹55 per share | |
| Offer Structure | Total Issue Size | 15,96,000 shares (amounting up to ₹8.78 Cr) |
| Fresh Issue | 15,96,000 shares (amounting up to ₹8.78 Cr) | |
| Offer for Sale | N/A | |
| Investor Details | Lot Size | 2,000 Shares |
| Listing Exchange | BSE SME | |
| IPO Type | Fixed Price Issue | |
| Market Maker Portion | 80,000 shares |
Key Dates to Remember
2 January, 2025 (Thursday)
6 January, 2025 (Monday)
7 January, 2025 (Tuesday)
8 January, 2025 (Wednesday)
8 January, 2025 (Wednesday)
9 January, 2025 (Thursday)
What is GMP of Davin Sons Retail Ltd IPO Today?
As of January 3, 2024, the Grey Market Premium (GMP) for the Davin Sons Retail Ltd IPO is ₹15. This indicates that the shares are expected to list at approximately ₹70 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Particulars | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) |
|---|---|---|---|
| Assets | 1,036.2 | 883.12 | 455.97 |
| Revenue | 634.1 | 1,339.16 | 391.33 |
| Total Expenses | 535.27 | 1,118.69 | 314.89 |
| Profit After Tax | 73.59 | 164.05 | 56.62 |
| Net Worth | 627.78 | 554.65 | 109.37 |
| Total Borrowing | 194.45 | 24.00 | 128.15 |
Before investing in any company, it’s important to understand its financials. They show where the company stands and its growth potential. Let’s look at the financials of Devin Sons Retail. This will help investors see the company’s strengths and opportunities.
In 2023, the company’s assets, which were 455.97 lakh rupees, increased to 883.12 Lakh by March 31, 2024. There has been significant growth in assets. The company’s revenues have also grown significantly, almost 4 times. In the financial year 2023, the revenues were 391.33 lakh rupees, which increased to 1339.16 lakh rupees in the financial year 2024.
However, the expenses have also increased proportionately. In the financial year 2023, the expenses were 314.89 lakh rupees, which increased to 1118.69 lakh rupeesin the financial year 2024. It’s natural that when a company spends on assets or increases its sales, the expenses also increase.
At the same time, if we look at the profit after tax, the company earned a profit after tax of 56.62 lakh rupees in the financial year 2023, which increased to 164.05 lakh rupees in the financial year 2024, almost doubled.
So, the company’s financial data very well reflects the current state of the company. The current financial position of the company is quite good.
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 49.41% |
| Return on Capital Employed (ROCE) | 54.52% |
| Return on Net Worth (RoNW) | 29.58% |
| After Tax Profit Margin (PAT Margin) | 12.25% |
| EBITDA Margin (%) | 17.44% |
| Debt to Equity Ratio | * |
| Net Asset Value (NAV) | ₹15.65 |
| Earnings Per Share (EPS) | ₹4.63 |
| Price to Book Value (P/BV) | * |
Cash Flow Overview
| Activity | Period Ended Sep 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activities | -86.36 | -132.87 | -0.01 | -5.00 |
| Net Cash from Investing Activities | -23.75 | -44.09 | -19.61 | - |
| Net Cash from Financing Activities | 161.88 | 177.05 | 73.56 | 5.00 |
| Net Increase/Decrease in Cash and Cash Equivalents | 51.77 | 0.10 | 53.94 | - |
State-Wise Revenue from Garments and FMCG
| State | Garments (₹ Lakhs) | FMCG (₹ Lakhs) | Total (₹ Lakhs) |
|---|---|---|---|
| 30 Sep 2024 | |||
| Delhi | 187.86 | 44.21 | 232.07 |
| Haryana | 23.61 | 33.04 | 56.65 |
| Punjab | 30.14 | 276.16 | 306.30 |
| Uttar Pradesh | 2.57 | - | 2.57 |
| Maharashtra | 21.01 | - | 21.01 |
| Assam | 0.01 | - | 0.01 |
| West Bengal | 0.01 | - | 0.01 |
| Himachal Pradesh | - | 9.81 | 9.81 |
| Total | 265.21 | 363.21 | 628.42 |
| FY 2023-24 | |||
| Delhi | 508.29 | 26.52 | 534.81 |
| Haryana | 125.38 | 475.10 | 600.48 |
| Punjab | - | 53.36 | 53.36 |
| Chhattisgarh | - | 1.33 | 1.33 |
| Uttar Pradesh | 72.16 | 36.17 | 108.33 |
| Rajasthan | - | 0.24 | 0.24 |
| Arunachal Pradesh | - | 19.53 | 19.53 |
| Bihar | 20.00 | 0.19 | 20.19 |
| Gujarat | - | 0.89 | 0.89 |
| Total | 725.84 | 613.33 | 1,339.16 |
| FY 2022-23 | |||
| Delhi | 175.46 | 68.92 | 244.38 |
| Haryana | 12.61 | 182.13 | 194.74 |
| Punjab | - | 56.18 | 56.18 |
| West Bengal | 2.13 | - | 2.13 |
| Uttar Pradesh | 16.11 | - | 16.11 |
| Rajasthan | - | 0.33 | 0.33 |
| Arunachal Pradesh | - | 1.99 | 1.99 |
| Total | 206.31 | 309.55 | 515.86 |
Product Portfolio of Davin Sons Retail Limited
1. Readymade Garments:
- Jeans
- Denim Jackets
- Shirts
2. FMCG Products:
- Food Products:
- Biscuits
- Chocolates
- Wafers
- Toffees
- Chips
- Ready-to-Eat and Ready-to-Cook items
- Atta (Flour)
- Salt
- Drinks:
- Non-Alcoholic Energy Drinks
- Coffee
- Tea
- Other Products:
- Cooking Oil
- Mayonnaise
- Jam
- Soup
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 2,000 | ₹1,10,000 |
| Retail Investor (Maximum) | 1 | 2,000 | ₹1,10,000 |
| HNI Investor (Minimum) | 2 | 4,000 | ₹2,20,000 |
Key Objectives of the IPO
The fund raised through this issue will be utilized for the following purposes.
- Facilitating Capital Investments
- Strengthening Working Capital.
- Corporate Advancements:
- Covering IPO-Related Costs:
Final Words
If we look at the company’s financial data, it seems solid, and based on that, investing in this IPO appears to be a good choice. However, financial data is just one piece of the full analysis. There are many other factors that should be considered before deciding whether to invest in an IPO. For example, the current market situation, the ongoing Grey Market Premium (GMP), the overall economic conditions, the cash flow situation and the state of the industry in which the company operates—these all play a crucial role.
Right now, the GMP for this IPO hasn’t opened yet, so I can’t say for sure whether investing in this IPO is a definite yes or no. I think it’s important to analyze these aspects carefully and make an informed decision based on your understanding of the market.
That said, in my opinion, if you’re considering this IPO from a long-term perspective, it doesn’t seem like a bad deal. Of course, this is just my view. your decision should align with your investment goals and market knowledge.
Commonly Asked Questions
- What are the opening and closing dates for the Davin Sons Retail Limited public offering?
The issue opens on 2 January, 2025, and closes on 6 January, 2025.
2.What is the issue price for the Davin Sons Retail Limited public issue?
The issue price is ₹55 per equity share.
3. What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of 2,000 shares.
4. Who is the lead manager for this public offering?
The lead manager is Navigant Corporate Advisors Limited.
5. Who is the registrar for the Davin Sons Retail Limited public issue?
The registrar is KFin Technologies Limited.
6. What are the main objectives of this offer?
The funds raised through this issue will be utilized for:
- Capital expenditure for the purchase of a warehouse.
- Working capital requirements.
- General corporate purposes.
- Meeting issue-related expenses.
7. On which stock exchange will the shares be listed?
The shares of Davin Sons Retail Limited are proposed to be listed on BSE SME.
8. What is the total issue size for the Davin Sons Retail Limited public offering?
The total issue size is 15,96,000 equity shares.
9. When will the allotment and refund process begin?
The allotment date is 7 January, 2025, and refunds will begin on 8 January, 2025.
10. When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 8 January, 2025.
11. What is the expected listing date for the offer?
The shares are expected to list on 9 January, 2025.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Davin Sons Retail Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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