Dudani Retail IPO

Listed SME
Min Investment
₹2,32,000
8000 Shares
Min Investment
₹2,32,000 · 8000 Shares
Open Sept 25
Close Sept 29
Allotment Sept 30
Refund Oct 01
Demat Oct 01
Listing Oct 05
Price Band ₹29
Lot Size 4000 shares
Issue Size ₹11 Cr
Listed At ₹25.00 -13.8%
Subscribed 1.47×
Listed On BSE SME
Listing Price
₹25.00 (-13.79%)
vs issue price
Current Price (BSE)
₹17.49 (-39.69%)
at close, 14 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹0.5
+1.7% ▼ ₹0.5 since last update
Est. listing ₹29.5
Issue price ₹29
GMP range ₹0.5 – ₹4
24 Sept · ₹3 29 Sept · ₹0.5
Updated 29 Sept, 4:08 pm IST Unofficial grey-market data
GMP estimate ₹29.5
Actual listing ₹25
Listed below the GMP estimate by ₹4.5 (-15.3%)
Subscription Status
NII
0.63x
Retail
2.31x
Total
1.47x
Updated: Sept 29, 2026 5:58 pm IST
Applications 558
Total demand ₹14.76 Cr
Analysis Score 49 / 100
Mixed Signals
Data: 100%
GMP Score 43
Subscription Score 25
Valuation Score 95
Financial Health 51
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹29 per equity share
Face Value₹10 Per Equity Share
Lot Size 4000 shares (Min 2 lots · ₹2,32,000)
Total Issue Size ₹11.00 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeFixed Price Issue
Lead Manager Finshore Management Services Ltd.
Registrar Maashitla Securities Pvt. Ltd.
PromotersMr. Akshay Dudani and Mrs. Charu Dudani
Listing atBSE SME
BSE Code544961
ISININE1DLN01012
Listing Price₹25.00
Listing Gain-13.79%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 8,000 ₹2,32,000
Retail Maximum 2 8,000 ₹2,32,000
S-HNI Minimum 3 12,000 ₹3,48,000
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
NII (HNI)17,24,00049.94%
Retail17,28,00050.06%
Total34,52,000

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

EPS (Pre)
₹2.82
P/E (Pre)
10.30x
ROE
18.46%
ROCE
25.88%
RoNW
18.46%
EBITDA Margin
12.07%
Debt/Equity
0.47
NAV/Share
₹15.26
Revenue Growth
-2.77%
Profit Margin
7.73%

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
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV Income
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

Strengths
  • Strong return on equity — 18%.
Risks & Concerns
  • 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.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Dudani Retail

Incorporated in 2015, Dudani Retail is one of the leading designers and manufacturers of apparel and related products. Particularly focusing on offering ladies’ kurtis with elegant style and beautiful designs at affordable prices. Its product portfolio includes ladies’ kurtis, women’s wear, ladies’ suits, fancy tops, rayon ladies’ kurtis, girls’ tops, and men’s shirts, available in different colors, fabrics, and sleeve types, suitable for any work or occasion and for any size. The firm has over 6 years of experience in the manufacturing of women’s ethnic fusion wear and trading men’s wear. The firm operates in Jaipur, Rajasthan, where it handles every process, from cutting and stitching to finishing, quality checks, and dispatch. The firm’s products are sold under various E-commerce websites like Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, and via our website.

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.

Frequently Asked Questions

The issue price of Dudani Retail IPO is fixed at Rs 29 per share. Face value is Rs 10 per share.

The total issue size of Dudani Retail IPO is Rs 11 crore, comprising fresh issue of Rs 11 crore.

The lot size of Dudani Retail IPO is 4,000 shares. The minimum application is 2 lots (8,000 shares), requiring an investment of Rs 2,32,000.

Dudani Retail IPO opens for subscription on September 25, 2026 and closes on September 29, 2026.

The expected allotment date for Dudani Retail IPO is September 30, 2026. Refunds for unsuccessful applicants are expected on October 01, 2026. Shares are scheduled to be credited to demat accounts on October 01, 2026.

Dudani Retail IPO is scheduled to list on October 05, 2026 on BSE. BSE script code: 544961, ISIN: INE1DLN01012.

The last GMP (Grey Market Premium) recorded for Dudani Retail IPO before listing was +Rs 0.5 (+1.7% over issue price). The shares actually listed at Rs 25 (-13.79% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Dudani Retail IPO was subscribed 1.47 times overall by the close of bidding — retail at 2.31x, NII at 0.63x.

Based on the final retail subscription of 2.31x for Dudani Retail IPO, the estimated retail allotment probability is approximately 49.4%. This is a moderate probability of allotment.

The registrar for Dudani Retail IPO is Maashitla Securities Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Dudani Retail IPO are Finshore Management Services Ltd.

The promoter(s) of Dudani Retail are Mr. Akshay Dudani and Mrs. Charu Dudani.

Dudani Retail IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.7%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 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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