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Dudani Retail Limited

SMElistedBSE SME
25 Sep 2026 – 29 Sep 2026
LISTED
Offer Price
₹29
Bid lot
4000
Min Application
₹2,32,000
Issue Size
₹11 Cr

Key dates

Open date
25 Sep 2026
Done
Close date
29 Sep 2026
Done
Basis of allotment
30 Sep 2026
Done
Initiation of refunds
30 Sep 2026
Done
Credit to demat
30 Sep 2026
Done
Listing date
05 Oct 2026
Done

Issue reservation

₹11 Cr
HNI (2-10L) 47.41%Retail 47.52%5.06%
HNI (2-10L)
17.2 L sh · ₹5.22 Cr
47.41%
Retail
17.3 L sh · ₹5.23 Cr
47.52%
Market maker
1.8 L sh · ₹53,36,000
5.06%
Applications required for 1× subscription
Retail (≤₹2L)
216 forms
S-HNI (₹2–10L)
144 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Finshore Management Services Limited

Lot ladder — how much to bid

1 lot = 4000 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
8,000 sh · ₹2,32,000
Entry point
₹2,32,000 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
12,000 sh · ₹3,48,000
Entry point
₹3,48,000 onward
bHNI · Above ₹10 L9+ lots
Min · 9 lots
36,000 sh · ₹10,44,000
Entry point
₹10,44,000 onward

Issue details

Lead managersFinshore Management Services Limited
Fresh issue36,36,000 sh · ₹11 Cr
Face value₹10
Listing onBSE SME
RegistrarMaashitla Securities Pvt.Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

17.01

14.28

10.59

Total Income

24.59

25.29

25.13

PAT

1.9

1.78

0.99

Net Worth

10.3

8.4

6.62

Reserves & Surplus

3.55

1.65

4.62

Total Borrowings

4.82

4.03

3.53

Objects of the issue
  • Capital Expenditure: ₹0.79 crore for machinery and upgrading the Jaipur facility.

  • Debt Repayment: ₹3.00 crore towards repayment of borrowings.

  • Working Capital: ₹3.97 crore for operational requirements.

  • Strategic Initiatives: ₹1.50 crore for branding, marketing and promotions.

  • Issue Expenses: ₹1.29 crore towards public issue-related expenses.

About the company

Dudani Retail Limited, incorporated in December 2015, is an apparel and lifestyle company engaged in designing, manufacturing, sourcing and supplying apparel and related products. Its key own-brand business is women’s ethnic and fusion wear under “Divena”, while men’s wear is sold under “Millennial Men” and select personal care and lifestyle products under “Cosse.”

The Company also undertakes licensed manufacturing for leading Fashion & Lifestyle marketplaces, producing apparel as per specified designs and quality standards. It supplies products to various brands, while the respective licensors retain ownership of the brand intellectual property. Additionally, the Company supplies products to a Quick-Commerce Platform under a sell-or-return arrangement.

Its Jaipur, Rajasthan facility undertakes cutting, stitching, finishing, quality checks and dispatch, with processes such as dyeing, printing and embroidery outsourced to third-party processors. The Company follows an integrated workflow from design and procurement to manufacturing and distribution, selling through major e-commerce platforms including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq and Snapdeal, along with its own websites.

As of August 31, 2026, the Company had 33 permanent employees and 35 temporary personnel, primarily engaged in stitching and pressing activities.

Company strengths

  • Diversified presence across multiple business verticals.

  • In-house manufacturing capabilities for women’s wear.

  • Established supply arrangement with a Quick-Commerce Platform.

  • Asset-light model for men’s wear and selective trading.

  • Strong supplier network for fabrics, trims and finished goods.

  • Multi-channel presence across leading e-commerce platforms.

  • Established relationships with Fashion & Lifestyle companies through licensed manufacturing.

Promoters

Akshay DudaniCharu Dudani

Registered office & contact

Dudani Retail Limited

Address - F-93, 3rd Floor

Kartarpura Industrial Area

22 Godamjaipur, Station Road

Jaipur, Rajasthan, 302006

📞 +91 8690532399

✉️ cs@dudaniretail.com

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the DUDANI RETAIL LIMITED IPO?

One lot of 4000 shares — ₹2,32,000 at the upper price band of ₹29.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-05 on BSE SME.

₹29
Applications are closed.