Dudani Retail IPO

Final subscription

The bidding window has closed. These are the last recorded figures for each category.

Figures from bidding day 5. A multiple of 1.00x means bids exactly covered the shares offered; above that the issue is oversubscribed. Source share counts are not published in this dataset, so only the multiple is shown.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

Issue dates

1. Bidding opensCompleted

   25 September 2026

2. Bidding closesCompleted

   29 September 2026

3. Basis of allotmentCompleted

   30 September 2026

4. Refunds initiatedCompleted

   1 October 2026

5. Shares credited to DematCompleted

   1 October 2026

6. Listing on the exchangeNext

   5 October 2026 in 1 day

This is a fixed-price issue, so there is no anchor investor step. Anchor bidding exists only where an issue is book built and the price is discovered through bidding.

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

About Dudani Retail

Dudani Retail Ltd. designs, makes and sells clothing. The company started in 2015 and runs from Jaipur, Rajasthan. It sells women's ethnic and fusion wear under its own brand, Divena. The range covers suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. It also trades men's clothing under Millennial Men, where it buys finished garments from outside suppliers, and it trades personal care and lifestyle goods under Cosse when sourcing allows. A second revenue line comes from licensed manufacturing. Dudani makes garments on order for fashion and lifestyle marketplaces, producing against design briefs and quality standards for labels such as Kalini, Corsica, Roadster and Anouk Rustic. The company holds no rights to those labels. It also supplies a quick-commerce platform on a sell-or-return basis, where ownership passes only when the platform accepts the goods and payment follows actual sales. Its Jaipur unit handles cutting, stitching, finishing, inspection and dispatch. Dyeing, printing and embroidery go to outside processors. Products sell through Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq and Snapdeal, plus the company's own websites. As of August 31, 2026, it had 33 permanent staff and 35 temporary workers.

Promoters

• Akshay Dudani
• Charu Dudani

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

• To meet Working Capital Requirements

  ₹3.97 Cr

• Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company.

  ₹3.00 Cr

• 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 Cr

• Issue Expenses

  ₹1.29 Cr

• Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility

  ₹0.79 Cr

Peer comparison

The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. Dudani Retail is the first row.

Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

Sources

• National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
• BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
• Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
• Dudani Retail issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 4 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.