Dudani Retail IPO Date & Timeline
Tentative schedule from the RHP.
Dudani Retail IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | NII | Individual | Total |
|---|---|---|---|
| Shares offered | 17,24,000 | 17,28,000 | 34,52,000 |
| Day 1 · Sep 25 | 0.01× | 0.16× | 0.08× |
| Day 2 · Sep 28 | 0.06× | 0.49× | 0.28× |
| Day 3 · Sep 29 | 0.63× | 2.31× | 1.47× |
Dudani Retail IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 25 – 29, 2026 |
| Issue price | ₹29 per share |
| Face value | ₹10 per share |
| Lot size | 4,000 shares |
| Total issue size | 36,36,000 shares ₹10.54 Cr |
| Fresh issue | 36,36,000 shares ₹10.54 Cr |
| Issue type | Fixed Price · SME |
| Listing at | BSE SME |
| Promoter holding | 100% → 64.99% |
| Lead manager | Finshore Management Services Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
Offer documents
Dudani Retail IPO Lot Size
Minimum and maximum bids by investor type at the issue price of ₹29.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 8,000 | ₹2,32,000 |
| Individual (max) | 2 | 8,000 | ₹2,32,000 |
| HNI (min) | 3 | 12,000 | ₹3,48,000 |
Dudani Retail IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 1,84,000 | 5.1% | — |
| NII (HNI) | 17,24,000 | 47.4% | 144 |
| Individual investors | 17,28,000 | 47.5% | 216 |
| Total | 36,36,000 | 100% |
Dudani Retail Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 25.13 | 25.29 | 24.59 | −2.8% |
| Profit after tax | 0.99 | 1.78 | 1.90 | +6.7% |
| Total assets | 10.59 | 14.28 | 17.01 | +19.1% |
| Total borrowing | 3.53 | 4.03 | — | — |
Dudani Retail IPO Valuation
At the upper band of ₹29.
About Dudani Retail
Business profile from the RHP.
- 2015Incorporated · Jaipur, Rajasthan
- DivenaMain brand: women's ethnic & fusion wear
- 7+ platformsMyntra, Amazon, Flipkart, Ajio, Nykaa Fashion…
- 33Permanent employees (Aug 31, 2026)
Promoters & holding
Akshay Dudani, Charu Dudani
Objects of the issue
Dudani Retail IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: A profitable small apparel brand at a modest ~10× P/E with improving margins. But revenue has been flat for three years, it relies heavily on third-party marketplaces, and the ₹10.5 Cr issue is very small with high minimum applications.
- Profitable, with net profit up from ₹0.99 Cr (FY24) to ₹1.9 Cr (FY26) as margins improved.
- Modest valuation: ~10× FY26 EPS and ~1.9× book at the fixed ₹29 price.
- Own brands (Divena, Millennial Men, Cosse) sold across all major fashion marketplaces.
- Part of the money repays debt (₹3 Cr), trimming interest costs.
- No revenue growth: sales have been stuck at ~₹25 Cr for three years.
- Depends on marketplaces such as Myntra and Amazon for most sales, which control fees, discounts and visibility.
- Very small issue (₹10.5 Cr) and company, so liquidity after listing may be thin.
- High entry ticket: minimum application is 2 lots (8,000 shares, ₹2.32 lakh).
- Crowded online ethnic-wear market with low barriers to entry.
Dudani Retail Listing Performance Updates after Oct 5
We close the loop: issue vs listing price, and whether our call was right.
Dudani Retail IPO Allotment Status & Contact Details
Allotment was finalised on Sep 30. Check it with your PAN or application number.
Maashitla Securities Pvt. Ltd.
- Phone
- 011-45121795
- investor.ipo@maashitla.com
Dudani Retail Ltd.
- Address
- F-93, 3rd Floor, Kartarpura Industrial Area, 22 Godam, Station Road, Jaipur, Rajasthan 302006
- Phone
- +91 8690532399
- cs@dudaniretail.com
- Website
- divenaworld.com
Dudani Retail IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Dudani Retail IPO?
Dudani Retail IPO is a ₹10.54 Cr SME fixed price issue, entirely a fresh issue. The shares will list on BSE SME.
What is the issue price of Dudani Retail IPO?
The issue price is ₹29 per equity share of face value ₹10.
What is the lot size of Dudani Retail IPO?
The minimum lot is 4,000 shares. Individual investors must apply for exactly 2 lots (8,000 shares).
What is the minimum investment for Dudani Retail IPO?
The minimum individual investment is ₹2,32,000 (8,000 shares at ₹29).
When does Dudani Retail IPO open and close?
The IPO opens on Sep 25, 2026 and closes on Sep 29, 2026.
What is the allotment date of Dudani Retail IPO?
The basis of allotment is finalised on Sep 30, 2026. Refunds and demat credit were on Oct 1, 2026.
When will Dudani Retail IPO be listed?
The tentative listing date is Oct 5, 2026 on BSE SME.
What is Dudani Retail IPO subscription status?
At close (Sep 29 · 5:00 PM IST), the issue was subscribed 1.47× overall — Individual 2.31×.
What is the P/E ratio and valuation of Dudani Retail IPO?
At the upper band, the P/E is 10.3× pre-issue.
Should I apply for Dudani Retail IPO?
IPOSignal's view is High Risk · Tiny & Flat (50/100). A profitable small apparel brand at a modest ~10× P/E with improving margins. But revenue has been flat for three years, it relies heavily on third-party marketplaces, and the ₹10.5 Cr issue is very small with high minimum applications. This is research, not investment advice.
How to check Dudani Retail IPO allotment status?
Check on the registrar Maashitla Securities Pvt. Ltd.'s site (maashitla.com/allotment-status/public-issues), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Dudani Retail IPO?
The registrar is Maashitla Securities Pvt. Ltd.. The book-running lead manager is Finshore Management Services Ltd..