Dudani Retail IPO Details & GMP

Closed
GMP Today ₹0.5
Price Band ₹29
Lot Size 4000
GMP % 1.72%

About Dudani Retail

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.

2. Performance

  • 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.

3. IPO Details

  • 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.

4. Financial Details

(Figures in ₹ Crores, unless stated otherwise)
Financial Metric FY24 (Mar 31, 2024) FY25 (Mar 31, 2025) FY26 (Mar 31, 2026)
Total Income / Revenue ₹25.13 Cr ₹25.29 Cr ₹24.59 Cr
EBITDA ₹1.81 Cr ₹2.86 Cr ₹2.97 Cr
EBITDA Margin ~7.2% ~11.31% ~12.07%
Profit After Tax (PAT) ₹0.99 Cr ₹1.78 Cr ₹1.90 Cr
PAT Margin ~3.9% ~7.04% ~7.73%
Total Assets ₹10.59 Cr ₹14.28 Cr ₹17.01 Cr
  • EPS (Pre-Issue): ₹2.64 per share.
  • Net Worth: Increased to ₹9.45 Cr as of mid-FY26.
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