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Dudani Retail Ltd
TextilesIPOSME
₹29 - 29
Our Company is a fashion and lifestyle company engaged in the design, manufacturing, and selling of a wide range of apparel and trading of a few cosmetic products. Established in 2015 and headquartered in Jaipur, Rajasthan. We specialize in providing a diverse range of apparel for both women and men. Our women's clothing is marketed and sold under the brand "Divena," which focuses on ethnic and fusion wear, offering products such as kurtas, kurta set, ethnic dresses, and co-ord sets. For men's fashion, we operate under the "Millennial Men" brand, which caters to the demand for contemporary and versatile styles.
Lot4,000Min Invest₹2,32,000Face Value₹10Issue Size₹11 CrFresh Issue₹11 CrListing Price₹25CMP₹14
Timeline
25 Sept
Bidding opens
29 Sept
Bidding closes
30 Sept
Allotment
1 Oct
Refund & demat credit
5 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹11 Cr0.36 Cr shares
Fresh Issue₹11 Cr
Face Value₹10
Lot Size4,000 shares
ReservationNII 49.94% · RETAIL 50.06%
Application Sizes
Retail₹2,32,0001-1 lots
sNII₹2,32,000from 2 lots
bNII₹10,44,000from 9 lots
Managers & Registrar
Lead ManagerFinshore Management Services Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%64.99%Public0%35.01%
Objects of the Issue
- Capital Expenditure
- Re-payment of Outstanding borrowings
- Working Capital
- General Corporate Purpose
Anchor Book
30-day lock-in29-Oct-202690-day lock-in28-Dec-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 24 | 25 | 25 | 25 |
| Operating ProfitCr | 1 | 2 | 3 | 3 |
| OPM% | 5.3 | 7.2 | 11.3 | 12.1 |
| PBTCr | 1 | 1 | 2 | 3 |
| PATCr | 1 | 1 | 2 | 2 |
| EPS | 1 | 1 | 3 | 3 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 7 | 7 |
| ReservesCr | 4 | 5 | 2 | 4 |
| BorrowingsCr | 4 | 4 | 4 | 5 |
| Total AssetsCr | 12 | 11 | 14 | 17 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -1 | 0 | 0 | 0 |
| Investing Cash FlowCr | 0 | 0 | 0 | 0 |
| Financing Cash FlowCr | 2 | 0 | 0 | 0 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Strategies · as stated in the DRHP
- The company intends to strengthen its operations across own-brand manufacturing.
- A key component of our strategy is to enhance and broaden our product development capabilities for women's wear, which is our primary manufactured category.
- We also intend to continue executing our licensed manufacturing arrangements with Fashion & Lifestyle Marketplace Companies.
- In parallel, we intend to strengthen our operations under the supply arrangement with Quick-Commerce Platform Company.
- Working capital management remains a central aspect of our strategy.
- We also plan to adopt process improvements and workflow systems that support production planning,
Risks · as stated in the DRHP
- The Company, Promoter and Director are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, result of operations and financial conditions.
- The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, the company's business, results of operations and financial condition may be adversely affected. Majority of its raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
- Substantial portion of the company's revenues has been dependent upon few customers. The loss of any one or more of its would have a material effect on the company's business operations and profitability.
- The company's supply arrangement with a Quick-Commerce Company operates on a sell-or-return and sales-linked settlement model, exposing the company to risks relating to unsold inventory, rejections and timing of payments.
- The company has no physical retail store, resulting in dependence on online channels for customer acquisition and sales.
- Inaccuracies or discrepancies in certain statutory filings may attract regulatory scrutiny, and there can be no assurance of a favourable outcome if any adverse notice is issued.