Davin Sons IPO Allotment Status 2025 January Visionarydaily

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Stay updated on the Davin Sons IPO Allotment status and subscription particulars:

Davin Sons kicked off its initial public offering on January 2 and will conclude the subscription today, January 6. The SME issue has generated substantial interest, being oversubscribed 12.53 times as of Friday. It experienced full subscriptions on the first day, particularly driven by retail investor enthusiasm. As we near the closing day for bidding, the grey market premium for the Davin Sons IPO remains stable at Rs 15.

Insights on Davin Sons Retail:

Davin Sons Retail Ltd. focuses on the manufacturing and design of a wide range of high-quality ready-made garments for various brands. The company operates primarily in two areas: the production of these garments on a job work basis and the distribution of FMCG products. Established in March 2022, its operations span across multiple states, including Haryana, Delhi, Punjab, Rajasthan, Gujarat, Bihar, and Chhattisgarh.

Essential Details About the Davin Sons IPO:

The Davin Sons IPO includes a new issuance of 15.96 lakh shares, priced at Rs 55 each, with a nominal value of Rs 10. According to the company’s prospectus, out of the total 15,96,001 shares, 7,58,000 (47.49%) are set aside for Non-Institutional Buyers, while another 7,58,000 (47.49%) are reserved for Retail Investors.

Retail investors can participate in the IPO by applying for a minimum lot of 2,000 shares, requiring an investment of Rs 1,10,000 for each application. Navigant Corporate Advisors Ltd. Kfin Technologies Ltd. is the exclusive book-running manager for this offering, with Ltd. at managing the registry duties. Additionally, Aftertrade Broking Pvt. will function as the market maker for the Davin Sons IPO.

Davin Sons IPO Share Allocation:

The Davin Sons IPO includes a public issue of 0.15 Cr equity shares. This total features 0.08 Cr shares earmarked for retail investors and 0.00 Cr shares for other investors, which includes applicants from outside the retail category, such as HNIs, corporations, and institutions (NII and QIB)

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	80,000	0.44	5.01%
Other	7,58,000	4.17	47.49%
Retail	7,58,000	4.17	47.49%
Total	15,96,001	8.78	100%

Davin Sons IPO Subscription Update

As of Day 2, the Davin Sons IPO has attracted remarkable interest, being subscribed 12.53 times on Friday. Here’s how the numbers break down: Non-Institutional Buyers subscribed at a rate of 3.03 times, while Retail Investors showcased even more enthusiasm with a subscription rate of 22.03 times.

Fast forward to Day 3. As of January 6, 2025, at 10:24 AM, the subscription rate for the Davin Sons IPO has jumped to an impressive 24.41 times.

Date	NII	Retail	Total
Day 1Jan 2, 2025	0.55	4.89	2.72
Day 2Jan 3, 2025	3.03	22.03	12.53
Day 3Jan 6, 2025	13.69	65.31	39.5

IPO Investor Categories:

Qualified Institutional Buyers (QIB)

This category encompasses various financial institutions, including banks, foreign institutional investors (FIIs), and mutual funds approved by SEBI. QIBs primarily act on behalf of retail investors who participate in investments through mutual funds, Unit Linked Insurance Plans (ULIPs), and pension schemes.

Non-Institutional Investors (NII)

This category consists of retail individual investors (HNIs), NRIs, companies, trusts, and other entities that bid for shares worth more than Rs 2 lakhs. Unlike QIBs, NIIs do not need to be SEBI registered.

NIIs are further split into two subcategories:

sNII (bids below Rs 10 lakhs)

This segment is designed for Non-Institutional Investors (NII) looking to bid for shares priced between Rs 2 lakhs and Rs 10 lakhs. Importantly, one-third of the shares allocated within the NII category are specifically reserved for smaller investors, known as Small High Net-worth Individuals (sHNI).

bNII (bids above Rs 10 lakhs)

This segment serves NII investors who place bids exceeding Rs 10 lakhs. Two-thirds of NII category shares are allocated to larger investors, referred to as Big HNIs (bHNI).

Retail Individual Investors (RII)

This group comprises retail individuals or NRIs applying for shares worth up to Rs 2 lakhs in an IPO, making up a designated portion of the RII category.

Employee (EMP)

This category is specifically for eligible employees who are allocated a reserved quota in the IPO.

Others

This section includes eligible shareholders and additional investors who also have a reserved quota in the IPO.

Davin Sons is expected to reveal the allotment details for their IPO on Tuesday, January 7, 2025.

Davin Sons IPO Allotment Status Important Dates for and Listing

The allotment results for the Davin Sons IPO are expected to be published on Tuesday, January 7. Refunds for applicants who did not receive shares will be processed on January 8. Those who were successful will see their shares credited to their demat accounts on the same day. Lastly, shares of Davin Sons Retail Ltd. are set to debut on the BSE SME platform, with trading expected to start on Thursday, January 9.

Currently, the status of the Davin Sons IPO Allotment status is unavailable. The allotment status will be updated once the basis of allotment is determined. Please check back with us for the most recent updates on the Davin Sons IPO Allotment Status.