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Dudani Retail Ltd IPO
BSE SME Fixed Price IPO Fresh capital only Closed
GMP +₹0 +0% Est. Listing ₹29
Issue Price
₹29
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹29
GMP based
Subscribed
1.42
⚠️ Moderate
Min Amount
₹116,000
1 lot · 4,000 shares
Lot Size
4,000
shares / lot
Allotment
IPO Infomation
Important Dates
5/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
25 Sep 2026
Fri Completed
Done
Close Date
29 Sep 2026
Tue Completed
Done
Allotment
30 Sep 2026
Wed Completed
Done
Refund
01 Oct 2026
Thu Completed
Done
Demat Credit
01 Oct 2026
Thu Completed
Soon
Listing Date
05 Oct 2026
Mon Upcoming
Issue Details
Pricing & Size
Issue Price
₹29 Face ₹10
Lot Size
4,000 shares
Min Investment
₹116,000
Total Issue Size
36,36,000 shares (agg. up to ₹11 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh capital only
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
1,84,000
QIB Portion
-
NII / HNI
1724000.00
Retail
1728000.00
Employee
-
Net Offer to Public
34,52,000 shares (agg. up to ₹10 Cr)
Shareholding Pattern
Pre-Issue Shareholding
67,50,000 shares
Post-Issue Shareholding
1,03,86,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 8000 ₹2,32,000
HNI / NII 3 12000 ₹3,48,000
Objects of Issue
5 objectives
1
Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility
0.79 Cr
2
Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company.
3.00 Cr
3
To meet Working Capital Requirements
3.97 Cr
4
To be utilized towards Strategic initiatives, partnerships, joint ventures and acquisitions; Brand building and strengthening of promotional, marketing activities and advisory; On-going general corporate exigencies or any other purposes as approved by the Board subject to compliance with the necessary regulatory provisions etc.
1.50 Cr
5
Issue Expenses
1.29 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Finshore Management Services Ltd
Market Maker
Prabhat Financial Services Ltd
IPO Timeline
Open
25 Sep
✓ Done
Close
29 Sep
✓ Done
Allotment
30 Sep
✓ Done
Listing
05 Oct
Upcoming
Registrar Details
Maashitla Securities Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
011-45121795
Email
investor.ipo@maashitla.com
Company Contact
Email
cs@dudaniretail.com
Phone
+91 8690532399
Address
F-93, 3rd Floor Kartarpura Industrial Area 22 Godamjaipur, Station Road Jaipur, Rajasthan, 302006
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹29
Est. Listing
₹29
Lot Size
4,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
1.42
Overall Sub.
⚠️ Moderate
2.31
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB — — — —
NII / HNI (Total) 0.52× 17,24,000 9,04,000 ₹2.62 Cr
Retail Investors 2.31× 17,28,000 40,00,000 ₹11.60 Cr
Total ** 1.42× 34,52,000 49,04,000 ₹14.22 Cr
Market Maker * 1× 1,84,000 1,84,000 ₹0.53 Cr
* Based on ₹29.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
17,24,000
Retail
17,28,000
Market Maker
1,84,000
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Revenue24.5925.2925.13
PAT1.901.780.99
EBITDA2.972.861.81
Net Worth10.308.406.62
Total Assets17.0114.2810.59
Reserves3.551.654.62
Borrowings4.824.033.53
Key Financial Ratios
18.46
ROE
Return on Equity
25.88
ROCE
Return on Capital Employed
18.46
RONW
Return on Net Worth
7.73
PAT Margin
PAT / Revenue
12.07
EBITDA Mgn
EBITDA / Revenue
0.47
D/E Ratio
Debt to Equity
1.90
P/BV
Price to Book Value
2.82
Pre EPS
EPS Pre-Issue
1.83
Post EPS
EPS Post-Issue
10.28
Pre P/E
P/E Pre-Issue
15.85
Post P/E
P/E Post-Issue
About Dudani Retail Ltd

Incorporated in December 2015, Dudani Retail Limited is an apparel and lifestyle company engaged in the designing, manufacturing, sourcing and supply of apparel and related products through own-brand operations, licensed manufacturing arrangements with Fashion & Lifestyle marketplaces and a supply arrangement with a Quick-Commerce Platform. The Company’s own-brand business primarily focuses on women’s ethnic and fusion wear sold under the brand “Divena”, including suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. These products are designed and manufactured through a combination of in-house production and outsourced value-added processes. The Company also trades in men’s wear under “Millennial Men”, where finished goods are sourced from external suppliers and sold through online channels. It selectively trades in personal care and lifestyle products under “Cosse” based on sourcing opportunities and demand patterns.

In addition to its own-brand operations, the Company undertakes licensed manufacturing for Fashion & Lifestyle marketplaces, producing apparel against orders and according to specified design briefs, brand requirements and quality standards. The labels covered under these arrangements include Kalini, Corsica, Roadster, Anouk Rustic, All about you, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu and Here & Now. The Company’s role is limited to manufacturing and supplying products on a just-in-time basis, while the intellectual property rights in these labels remain with the respective licensors.

The Company also supplies products to a Quick-Commerce Platform under a sell-or-return arrangement, where goods are delivered to designated hubs and payments are made periodically based on actual sales to end customers, after applicable margins. Its manufacturing facility in Jaipur, Rajasthan undertakes key processes including cutting, stitching, finishing, quality checks and dispatch, while fabric dyeing, printing, embroidery and other value-added processes are carried out through third-party processors.

The Company follows an integrated workflow covering design development, fabric and material procurement, sampling, manufacturing, outsourced processing, finishing and dispatch. Its products are distributed through multiple e-commerce marketplaces, including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq and Snapdeal, as well as through its own brand websites.

As on August 31, 2026, the Company had 33 permanent employees, including directors, supported by 35 temporary personnel primarily engaged in stitching and pressing activities.

Competitive Strengths

  • Presence across multiple operating verticals.
  • In-house manufacturing capabilities for women’s wear.
  • Defined supply arrangement with a Quick-Commerce Platform.
  • Asset-light model for men’s wear and selective trading categories.
  • Established supplier network for fabrics, trims and finished goods.
  • Multi-channel distribution through leading e-commerce marketplaces.
  • Established relationships with Fashion & Lifestyle companies through licensed manufacturing.
Frequently Asked Questions
What is the issue price of Dudani Retail Ltd IPO?
The issue price of Dudani Retail Ltd IPO is ₹29 per share, face value ₹10.
What is the lot size?
Minimum lot size is 4,000 shares, requiring ₹116,000.
What are the IPO dates?
Opens 25 Sep 2026, closes 29 Sep 2026.
When is the listing date?
Tentative listing: 05 Oct 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹29 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Dudani Retail Ltd IPO · Expected 30 Sep 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
30 Sep 2026
Refund Initiation
01 Oct 2026
Demat Credit
01 Oct 2026
Listing Date
05 Oct 2026
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹29
Face ₹10
Lot Size
4,000
shares / lot
Min Amount
₹116,000
1 lot
Est. Listing
₹29
GMP +₹0
Subscription
Overall1.42×
NII0.52×
Retail2.31×
Key Dates
Open
25 Sep Done
Close
29 Sep Done
Listing
05 Oct Soon
Registrar
Maashitla Securities Pvt.Ltd
A
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