Dudani Retail IPO
Dudani Retail IPO Listing Day Performance
Dudani Retail listed on BSE SME on 05 October 2026 at ₹25.00, a 13.79% discount to the issue price of ₹29. A retail investor allotted the minimum application of 8,000 shares (2 lots) lost ₹32,000 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹0.5 (+1.7%) |
| GMP-implied listing | ₹30 |
| Actual listing | ₹25.00 |
| Difference | −₹4.5 (−15.3%) |
Demand going into listing
| Subscribed overall | 1.47× |
| NII | 0.63× |
| Retail | 2.31× |
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 4 | Final |
|---|---|---|---|
| NII | 0.01x | 0.06x | 0.63x |
| Retail | 0.16x | 0.50x | 2.31x |
| Total | 0.08x | 0.28x | 1.47x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 24.18 | 25.13 | 25.29 | 24.59 |
| Expense | 23.32 | 23.77 | 22.82 | 22.03 |
| Profit (PAT) | 0.64 | 0.99 | 1.78 | 1.90 |
| Total Assets | 11.96 | 10.59 | 14.28 | 17.01 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Dudani Retail This IPO | 2.82 | 10.30 | 18.46 | 15.26 | - |
| Nandani Creation Limited | 1.04 | 23.70 | 3.35 | 34.64 | 112.64 Cr |
| Purple United Sales Limited | 15.81 | 26.72 | 22.30 | 78.80 | 170.63 Cr |
| Mish Designs Limited | -3.24 | -11.27 | -6.00 | 52.62 | 8.37 Cr |
Strengths & Risks
- Strong return on equity — 18%.
- Revenue fell 3% in the latest reported year.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Dudani Retail at a glance
From the company's description: “Incorporated in 2015, Dudani Retail is one of the leading designers and manufacturers of apparel and related products.”
Dudani Retail is raising ₹11 crore through an IPO on the BSE SME. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: To meet Working Capital Requirements (₹3.97 crore), Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company (₹3 crore) and To be utilized towards Strategic initiatives, partnerships, joint ventures and acquisitions; Brand building and strengthening of p… (₹1.5 crore).
Revenue went from ₹24.18 crore in 2023 to ₹24.59 crore in 2026, up 1.7% over 3 years. Profit after tax went from ₹0.64 crore to ₹1.9 crore, a net margin of 7.7% in the latest year.
Debt stands at 0.47 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
Dudani Retail Ltd., F-93, 3rd Floor,, Kartarpura Industrial Area,, 22 Godamjaipur, Station Road,, Jaipur, Rajasthan, 302006
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. | 3.00 |
| 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. | 1.50 |
Resources & Documents
Dudani Retail IPO - Quick Take
Dudani Retail has fixed the issue price at Rs 29 per share for an issue size of Rs 11 crore. The stock listed with a 13.79% discount versus its issue price on October 05, 2026.
The issue is promoted by Mr. Akshay Dudani and Mrs. Charu Dudani with Finshore Management Services Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facili… (Rs 1 crore) and repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company (Rs 3 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 10.30x. On fundamentals, the company is posting revenue growth of -2.8%, a profit margin of 7.7%, return on equity of 18.5% in its most recent reported period. Listed peers in this segment include Nandani Creation Limited (P/E 23.70x) and Purple United Sales Limited (P/E 26.72x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Dudani Retail IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Dudani Retail itself, so they describe what came before it.
- Dudani Retail listed at −13.8% on day one; the median of 193 listings was +1.7% (better than 15% of them).
- Subscribed 1.47x against a median of 4.03x across 192 issues (higher than 19%).
- Average listing-day move across all 194 SME listings we track: +11.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Finshore Management Services Ltd. Lead manager | 7 0 MB · 7 SME | 57% 4 of 7 | +11.4% | +0.6% |
| Maashitla Securities Pvt. Ltd. Registrar | 32 0 MB · 32 SME | 81% 26 of 32 | Check allotment → | |
Recent listings managed by Finshore Management Services Ltd. (5)
Best: Sollfege Smart Electronics +89.8% · Weakest: Himalayan Solar −17.5%
| IPO | Listed | Listing-day move |
|---|---|---|
| Sollfege Smart Electronics | 08 Oct 2026 | +89.8% |
| Himalayan Solar | 05 Oct 2026 | −17.5% |
| Skytech Infinite Platform | 21 Aug 2026 | −3.9% |
| Sampark India Logistics | 07 Jul 2026 | +6% |
| Leapfrog Engineering | 24 Jun 2026 | −4.4% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Dudani Retail IPO GMP — What It Means
Its last GMP before listing was 1.7%. Of the 54 SME IPOs we have tracked with a final GMP under 10%, 21 listed above, 14 flat and 19 below the issue price; Dudani Retail listed 13.8% below its issue price.
See the full Dudani Retail GMP history and trend, or learn how grey market premium works and how reliable it is.
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