Fixed Price IPO | ₹12 Cr | Listing at BSE SME |
Durgadevi Raiment Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on October 8, 2024 to raise funds through Initial Public Offer (IPO).
Durgadevi Raiment Ltd. IPO is a Fixed Price Issue of ₹12.00 crores consisting of a fresh issue of shares worth Rs ₹6.00 crores and an offer for sale (OFS) of ₹6.00 crores.
The equity shares are proposed to be listed on the BSE SME. Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Durgadevi Raiment IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,50,000 shares GCM Securities Ltd. (agg. up to ₹0.6000 Cr) |
| Fresh Issue (Ex Market Maker) | 13,50,000 shares (agg. up to ₹5 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 28,50,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 62,40,000 shares |
| Share Holding Post Issue | 77,40,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Oct 8, 2024 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in , Durgadevi Raiment Limited is engaged in the manufacturing of kids apparels and garments and trading of yarn.
The company manufactures kids' garments as a contract manufacturer, focusing on high-quality production based on client needs, mainly supplying to a leading online platform for children's clothing.
The company operates two garment manufacturing units and one printing unit, with a monthly production capacity of 325,000 garments. Capacity may vary based on production schedules and design complexity.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 15.98 | 10.34 | 8.09 |
| Total Income | 25.79 | 14.04 | 7.73 |
| Profit After Tax | 0.79 | 0.35 | 0.17 |
| NET Worth | 6.52 | 5.73 | 5.38 |
| Reserves and Surplus | 1.32 | 0.53 | 0.18 |
| Total Borrowing | 3.19 | 2.08 | 0.86 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹77.70 (+1.70%) |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹79.00 (-3.53%) |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹38.40 (+1.05%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹10.67 (-4.22%) |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹91.99 (-4.18%) |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.58 (-0.71%) |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹29.20 (+1.39%) |
| Rachit Prints Ltd. | SME | ₹19.50 Cr | ₹149 | 11.85 | ₹113.25 | -23.99% | ₹216.00 (+4.37%) |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹575.70 (-2.16%) |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹116.14 (-4.99%) |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹41.82 (+1.38%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional working capital requirements | 2.00 |
| 2 | Acquisition of Factory Premises on Lease Basis | 2.00 |
| 3 | General Corporate Purposes | 1.25 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 12.11% |
| ROCE | 8.13% |
| RoNW | 12.11% |
| PAT Margin | 3.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.27 | 1.02 |
| P/E (x) | 31.61 | 39.2 |
| Promoter Holding | 48.08% | 38.76% |
| Market Cap | ₹30.96 Cr. |
Lead Manager Reports
Durgadevi Raiment IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The Durgadevi Raiment IPO open and close dates are not available as of now.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Durgadevi Raiment IPO using UPI as a payment gateway. Zerodha customers can apply in Durgadevi Raiment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Durgadevi Raiment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Durgadevi Raiment IPO dates are not announced. Please check back again after some time.
Durgadevi Raiment IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Durgadevi Raiment IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Durgadevi Raiment IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Durgadevi Raiment IPO allotment status.
The Durgadevi Raiment IPO listing date is not yet announced. The tentative date of listing is .
