Dudani Retail IPO Details, GMP, Price Band & Dates

1. Company Overview

Business Profile: Founded in 2015 and headquartered in Jaipur, Rajasthan, Dudani Retail Limited is a fashion and lifestyle company engaged in designing, manufacturing, sourcing, and selling apparel and lifestyle products.
Brand Portfolio:
- Divena: Women’s ethnic and fusion wear (suit sets, kurtas, dresses, co-ord sets, kaftans, and sarees) produced via in-house manufacturing and outsourced value-addition.
- Millennial Men: Men’s contemporary fashion operated under an asset-light model sourcing finished goods from external suppliers.
- Cosse: Selective trading in personal care and lifestyle products.
Distribution Channels: Products are sold online across major e-commerce platforms (Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq, Snapdeal) and direct-to-consumer (D2C) brand websites. The company also operates supply arrangements with quick-commerce platforms and licensed manufacturing for external fashion marketplaces.
Promoters & Management: Promoted and managed by Akshay Dudani and Charu Dudani.

Manufacturing Capabilities: Operates an in-house facility in Jaipur handling core operations like cutting, stitching, finishing, and quality inspection, while outsourcing fabric dyeing, printing, and embroidery to third-party processors.
Business Strengths:
- Multi-channel digital presence across leading e-commerce platforms and quick-commerce channels.
- Diversified revenue streams including own-brand retail, asset-light men’s wear trading, and licensed manufacturing.
- In-house design and apparel production setup for women\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\’s ethnic wear.
Key Operating Risks:
- Complete reliance on digital/online sales channels with no physical retail store footprint.
- Geographic concentration with manufacturing operations located at a single leased unit in Jaipur.
- Dependency on third-party processors for fabric processing and raw material suppliers.

Issue Type & Platform: Fixed Price SME IPO proposed for listing on the BSE SME platform.
Key Bidding Dates:
- IPO Open Date: September 25, 2026
- IPO Close Date: September 29, 2026
- Allotment Finalization: September 30, 2026
- Tentative Listing Date: October 5, 2026
Pricing & Lot Structure:
- Issue Price: ₹29 per equity share (Face Value: ₹10)
- Total Issue Size: 36,36,000 equity shares aggregating up to ₹10.54 Crores (Entirely Fresh Issue).
- Lot Size: 4,000 shares per lot.
- Minimum Retail Investment: 2 lots (8,000 shares) amounting to ₹2,32,000.
Objects of the Issue:
1. Funding capital expenditure towards purchasing machinery for factory expansion/upgradation (~₹0.79 Cr).
2. Pre-payment/repayment of outstanding borrowings (~₹3.00 Cr).
3. Meeting working capital requirements (~₹3.97 Cr).
4. General corporate purposes.
Intermediaries:
- Book Running Lead Manager: Finshore Management Services Ltd.
- Registrar: Maashitla Securities Pvt. Ltd.
- Market Maker: Prabhat Financial Services Ltd.

(Figures in ₹ Crores, unless stated otherwise)