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Dudani Retail IPOLISTED
Dudani Retail Limited designs, manufactures and supplies apparel under its own brands, including women’s ethnic and fusion wear under “Divena” and men’s shirts under “Millennial Men.”
Listing price
₹25
Listing gain
-13.79%
Current
₹25
Listed
05 Oct 26
Opens
25 Sept 26Closes
29 Sept 26Allotment
30 Sept 26Refund
01 Oct 26Demat
01 Oct 26Listing
05 Oct 26Overview
Price band
₹29
Lot size
4000 shares
Min. investment
₹2,32,000
Issue size
₹10.54 Cr
36.36 L shares
Fresh issue
₹10.54 Cr
36.36 L shares
Face value
₹10 / share
Issue type
Fixed Price Issue
Listing at
BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 1,84,000 | 5.06% |
| NII (HNI) | 17,24,000 | 47.41% |
| Individual | 17,28,000 | 47.52% |
| Total | 36,36,000 | 99.99% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 8,000 | ₹2,32,000 |
| Retail (Max) | 2 | 8,000 | ₹2,32,000 |
| S-HNI (Min) | 3 | 12,000 | ₹3,48,000 |
| S-HNI (Max) | 8 | 32,000 | ₹9,28,000 |
| B-HNI (Min) | 9 | 36,000 | ₹10,44,000 |
Listing performance
NSE/BSE: DUDANIRETAILListing gain
−13.79%
Gain per retail lot
₹-32,000
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Subscription
11 Oct, 12:56 pmOversubscribed 1.47 times
Total applications
0
Total bid amount
₹14.76 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| NII (HNI) | — | — | 0.63x | ₹3.16 Cr |
| Retail | — | — | 2.31x | ₹11.6 Cr |
| Total | — | — | 1.47x | ₹14.76 Cr |
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
18.46%
PAT Margin
7.73%
ROCE
25.88%
EBITDA Margin
12.07%
Debt to Equity Ratio
0.47
Price to Book Value
1.9
RoNW
18.46%
Valuation vs listed peers
EPS Pre IPO
₹2.82
EPS Post IPO
₹1.83
P/E Pre IPO
10.28
P/E Post IPO
15.85
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
-2.1%
Profit growth FY24 → FY26
+91.9%
ROCE
25.88%
- PAT margin 7.7% and ROCE 25.9%.
Strengths & risks
- Diverse Business Model with own brands and licensed manufacturing.
- Strong E-commerce Presence across major platforms.
- Established Divena Brand in women’s apparel.
- Improving Profitability with PAT margin of 7.73% in FY2026.
- Multi-Channel Distribution across online and offline channels.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility. | 0.79 |
| Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company. | 3 |
| To meet Working Capital Requirements. | 3.97 |
| 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. | 1.5 |
| Issue Expenses. | 1.29 |
Company & documents
Dudani Retail Limited is an apparel company engaged in designing, manufacturing, sourcing and supplying apparel through its own brands, licensed manufacturing arrangements and Quick-Commerce channels. Its flagship “Divena” brand primarily offers women’s ethnic and fusion wear, including suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and lehengas.
The Company also operates “Millennial Men” for men’s shirts and has a grey/raw fabric trading business supplying wholesalers and textile processors. Its “Cosse” personal care business has been discontinued.
The Company also undertakes licensed manufacturing for Fashion & Lifestyle marketplaces and supplies products to a Quick-Commerce Platform under a sell-or-return arrangement.
The Company follows a structured apparel production process from design and raw-material procurement to stitching, quality checks, finishing and packing, with certain processes outsourced. Its products are sold through major e-commerce platforms and its own website, along with offline channels.
In FY2026, Kurti, Kurta and Kurta Sets contributed ₹2,311.21 lakh, accounting for 94% of total turnover and forming the Company’s largest product category.
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.
Registrar
Company contact
Dudani Retail Limited
F-93, 3rd Floor, Kartarpura Industrial Area, 22 Godamjaipur, Station Road, Jaipur, Rajasthan, 302006
Phone: +91 8690532399
Email: cs@dudaniretail.com
Book running lead managers
- Finshore Management Services Ltd.
Promoters
- Akshay Dudani
- Charu Dudani