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IPO Synopsis

Davin Sons Retail Ltd
Initial public offer of 15,96,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Davin Sons Retail Limited ("Company" or the "Issuer") for cash at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share (the "Issue Price") aggregating to Rs. 8.78 crores ("The Issue") of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share aggregating to Rs. 0.44 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 15,16,000 equity shares of face value of Rs. 10/- each at a price of Rs. 55/- per equity share including a share premium of Rs. 45/- per equity share aggregating to Rs. 8.34 crores (the "Net Issue"). The issue and the net issue will constitute upto 30.33% and 28.81% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 55/- each i.e., 5.50 times of the face value of the equity shares. The minimum lot size is 2,000 equity shares
Issue
Opens On Closes On
02-Jan-25 06-Jan-25
Money Payable On
Application Allotment
55.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 7.48 Navigant Corporate Advisors Ltd
Project Financed through Current Offer (.Cr) 8.78  
Post Issue Equity Share Capital (.Cr) 5.26
Issue Price () 55.00
Projects
To finance the capital expenditure for purchase of warehouse
To part finance the requirement of working capital
To meet general corporate purposes
Promoted By
Mohit Arora
Nohit Arora
Davinder Arora
Listing At
BSE - SME
Registrar to the Issue
No Data Available
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