Durgadevi Raiment IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.
Durgadevi Raiment IPO price band has been fixed at ₹40 – ₹40 per share. The face value is ₹10 per share with a lot size of 3000.
Offer for Sale consists of 15,00,000 shares (aggregating up to ₹6.00 Cr.). Pre-issue shareholding stands at 62,40,000, which will increase to 77,40,000 post-issue.
Durgadevi Raiment IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
The Lead Managers for Durgadevi Raiment IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Inventure Merchant Banker Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gcm Securities Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Durgadevi Raiment Limited DRHP.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
| 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 | |||
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.
1. Funding additional working capital requirements
2. Acquisition of Factory Premises on Lease Basis
3. General Corporate Purposes
Durgadevi Raiment Ltd.
A5, Calcutta Land Premises No. E3-509/New,
Shibrampur Road, POGanipur,
PS-Maheshtala,
Kolkata, West Bengal, 700141
Phone: +91 7596-894111
Email: info@ddrl.in
Website: https://ddrl.in/
The Durgadevi Raiment IPO is a SME public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹40 per equity share, and the minimum application size is 3000 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
