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Davin Sons Retail IPO Day 2: Subscription status, .. GMP, price band and other details about SME issue

Davin Sons Retail IPO Day 2: Subscription status, GMP, price band and other details about SME issue


Published on 2025-01-03 05:20:49 - Mint
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  • The Davin Sons Retail IPO opened on January 2 and closes on January 6. The company plans to raise over 8 crore via the issue and use the funds for capital expenditure and working capital.

The article from LiveMint discusses the ongoing initial public offering (IPO) of Davin & Sons Retail, a company specializing in men's fashion. On the second day of its subscription, the IPO was subscribed 1.37 times, indicating a moderate interest from investors. The price band for the shares is set between ₹75 to ₹80, with a minimum lot size of 1600 shares. The IPO opened for subscription on December 27, 2023, and will close on December 29, 2023. The company aims to raise ₹12.05 crore through this SME IPO, with shares to be listed on the NSE SME platform. The grey market premium (GMP) for Davin & Sons Retail was noted at ₹0, suggesting no immediate premium over the issue price in the unofficial market. The funds raised are intended for working capital requirements, general corporate purposes, and issue expenses. The article also provides details on the company's financial performance, showing a revenue increase and a shift from loss to profit in recent fiscal years.

Read the Full Mint Article at:
[ https://www.livemint.com/market/ipo/davin-sons-retail-ipo-day-2-subscription-status-gmp-price-band-and-other-details-about-sme-issue-11735899077701.html ]
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