The initial public offering (IPO) of Davin Sons Retail Limited has gained significant attention from investors. The IPO, which opened for subscription on January 2, 2025, and closed on January 6, 2025, has been a major success. The company’s shares saw an overwhelming response, reflecting high investor interest in this SME (Small and Medium Enterprise) issue.
Subscription Status
By the end of the final day of bidding, the IPO was subscribed 120.8 times in total. The retail segment saw a subscription of 164.78 times, while non-institutional investors (NII) subscribed 66.1 times. This strong demand showcases investor confidence in the company’s business model and growth potential.
In the grey market, the shares of Davin Sons Retail are trending with a positive Grey Market Premium (GMP). This indicates strong market sentiment and growing investor enthusiasm for the stock before its official listing.
IPO Details
- Price Per Share: ₹55 (fixed price issue)
- Offer Size: ₹8.8 crore
- Shares Offered: Fresh issue of 15.96 lakh shares
- Minimum Investment: Investors must buy at least one lot of 2,000 shares, which requires an investment of ₹1,10,000.
- Open and Close Dates: The IPO was available for subscription from January 2 to January 6, 2025.
Davin Sons Retail Limited is a retail company focusing on consumer durables, electronics, and household products. It operates through a network of retail stores across different locations, serving customers with a wide range of products.
Important Dates
- Allotment Date: January 7, 2025
- Credit of Shares: January 8, 2025
- Listing Date: The company’s shares are set to list on the BSE SME platform on January 9, 2025 (tentative).
The IPO of Davin Sons Retail Limited has created a buzz in the SME market with its high subscription rates and strong GMP. Investors are optimistic about the company’s future growth, making this IPO a noteworthy event in the stock market.
