Dudani Retail IPO GMP today is Rs -4. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
DUDANI
Dudani Retail IPO GMP, Subscription & Allotment Status Today
Dudani Retail is a fashion and lifestyle company engaged in designing, manufacturing, sourcing, and supplying a diverse range of apparel for women and men, alongside trading personal care products. The company operates through its own-brand business, licensed manufacturing, and quick-commerce supply arrangements. Its women’s wear portfolio, marketed under the brand “Divena,” features ethnic and fusion garments, including suit sets, kurtas, dresses, tunics, and lehengas. For men, the company trades contemporary apparel under the “Millennial Men” brand, while lifestyle products are offered under “Cosse”. Dudani Retail also manufactures apparel for several licensed labels, such as Roadster and Taavi, functioning on a just-in-time basis for major e-commerce platforms. Key manufacturing processes, including cutting, stitching, and finishing, are executed in-house at its facility in Jaipur, Rajasthan, while value-added processing like dyeing and embroidery is outsourced, ensuring scalable and flexible operations.
- Price Band
- ₹29.00 - ₹29.00
- Lot Size
- 4,000 Shares
- Bidding Closes
- 29 Sept 2026
- Listing Date
- 05 Oct 2026
Current GMP Status
₹-4
-13.79% vs upper band
Est. Listing Gain
-13.79%
Last Trend
05 Oct 2026
Listing Price
₹25.00
Retail Entry
₹2,32,000
IPO Details
Complete IPO information
| Current GMP | ₹-4 |
|---|---|
| Estimated Listing Gain | -13.79% |
| Price Band | ₹29.00 - ₹29.00 |
| Issue Price | Approx ₹10.54 Crores |
| Listing Price | ₹25.00 |
| Lot Size | 4,000 Shares |
| Issue Type | SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 1.42x |
| Listing Date | 05 Oct 2026 |
| Minimum Investment | ₹2,32,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| NII | 17.24 | 9.04 | 0.52x |
| Retail | 17.28 | 40 | 2.31x |
| Overall Subscription | 34.52 | 49.04 | 1.42x |
Day-wise demand
Dudani Retail IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (28 Sept) | - | 0.01x | 0.16x | 0.08x |
| Day 3 (29 Sept) | - | 0.06x | 0.5x | 0.28x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Company data
{Dudani Retail}: financials, valuation & listing
Listing details
| Listing date | 05 Oct 2026 |
|---|---|
| BSE code | 544961 |
| ISIN | INE1DLN01012 |
| Offer price | ₹29 |
| Face value | ₹10 |
| Listing price | ₹25 |
Valuation
| Return on equity (ROE) | 18.46% |
|---|---|
| Return on capital employed (ROCE) | 25.88% |
| EBITDA margin | 12.07% |
| PAT margin | 7.73% |
| Debt to equity | 0.47 |
| EPS | 2.82 (Basic) |
| P/E ratio | 10.30 |
| Return on net worth | 18.46% |
| NAV per share | 15.26 |
Financial history
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 24.18 Cr. | 23.32 Cr. | 0.64 Cr. | 11.96 Cr. |
| 2024 | 25.13 Cr. | 23.77 Cr. | 0.99 Cr. | 10.59 Cr. |
| 2025 | 25.29 Cr. | 22.82 Cr. | 1.78 Cr. | 14.28 Cr. |
| 2026 | 24.59 Cr. | 22.03 Cr. | 1.90 Cr. | 17.01 Cr. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Nandani Creation Limited | 112.64 Cr. | 1.04 | 23.70 | 3.35% | 34.64 |
| Purple United Sales Limited | 170.63 Cr. | 15.81 | 26.72 | 22.30% | 78.80 |
| Mish Designs Limited | 8.37 Cr. | (3.24) | (11.27) | (6.00%) | 52.62 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Purchase of machinery for expansion and upgradation of existing manufacturing facility | 0.79 (7.50%) |
| Repayment/pre-payment of outstanding borrowings | 3 (28.46%) |
| To meet Working Capital Requirements | 3.97 (37.66%) |
| General corporate purposes | 2.78 (26.38%) |
Key dates
| UPI mandate deadline | 29 Sept 2026 |
|---|---|
| Allotment finalised | 30 Sept 2026 |
| Refund initiation | 01 Oct 2026 |
| Shares credited | 01 Oct 2026 |
| Mandate end date | 14 Oct 2026 |
| Anchor lock-in ends (50%) | 29 Oct 2026 |
| Anchor lock-in ends (remaining) | 28 Dec 2026 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare Dudani Retail IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Dudani Retail is priced at ₹29 per share. With a minimum lot size of 4,000 shares, a retail investor applying for one lot would need approximately ₹2,32,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Dudani Retail stands at ₹-4, implying an estimated listing gain of around -13.79% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Dudani Retail's IPO was subscribed 1.42x overall, with a category-wise breakdown of Retail 2.31x, NII 0.52x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
25 Sept 2026
✓
Bidding Closes
29 Sept 2026
✓
Allotment
30 Sept 2026
✓
Listing
05 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 05 Oct 2026 | ₹1.00 | - | 3.45% |
| 03 Oct 2026 | ₹1.00 | - | 3.45% |
| 02 Oct 2026 | ₹1.00 | - | 3.45% |
| 01 Oct 2026 | ₹1.00 | - | 3.45% |
| 30 Sept 2026 | ₹1.00 | +₹1.00 | 3.45% |
| 29 Sept 2026 | ₹0.00 | -₹3.00 | 0.00% |
| 28 Sept 2026 | ₹3.00 | - | 10.34% |
| 26 Sept 2026 | ₹3.00 | - | 10.34% |
| 25 Sept 2026 | ₹3.00 | - | 10.34% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 8,000 | ₹2,32,000 |
| Retail Maximum | 2 Lot | 8,000 | ₹2,32,000 |
| S-HNI Minimum | 3 Lot | 12,000 | ₹3,48,000 |
| S-HNI Maximum | 8 Lot | 32,000 | ₹9,28,000 |
| B-HNI Minimum | 9 Lot | 36,000 | ₹10,44,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Dudani Retail IPO Details
Dudani Retail IPO is a book building issue with an issue size of Approx ₹10.54 Crores. The IPO comprises a fresh issue of Approx ₹10.54 Crores and is proposed to be listed on the BSE SME. The IPO price band is set at ₹29 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| IPO Price Band | ₹29 |
| Issue Size | Approx ₹10.54 Crores |
| Fresh Issue | Approx ₹10.54 Crores |
| Issue Type | SME |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above Dudani Retail IPO details are based on the information provided for the issue.
Analysis
Dudani Retail IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| Basis of Allotment | 30 Sept 2026 |
| Refunds | 01 Oct 2026 |
| Credit to Demat Account | 01 Oct 2026 |
| IPO Listing Date | 05 Oct 2026 |
Note: The timeline for Dudani Retail IPO is tentative and subject to change.
Analysis
Dudani Retail Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Purchase of machinery for expansion and upgradation of existing manufacturing facility | 0.79 (7.50%) |
| Repayment/pre-payment of outstanding borrowings | 3 (28.46%) |
| To meet Working Capital Requirements | 3.97 (37.66%) |
| General corporate purposes | 2.78 (26.38%) |
Note: Objectives are as specified in the DRHP/RHP documents of Dudani Retail.
Analysis
Dudani Retail Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 24.18 Cr. | 23.32 Cr. | 0.64 Cr. | 11.96 Cr. |
| 2024 | 25.13 Cr. | 23.77 Cr. | 0.99 Cr. | 10.59 Cr. |
| 2025 | 25.29 Cr. | 22.82 Cr. | 1.78 Cr. | 14.28 Cr. |
| 2026 | 24.59 Cr. | 22.03 Cr. | 1.90 Cr. | 17.01 Cr. |
Note: Financial numbers for Dudani Retail are in ₹ Crores unless stated otherwise.
Analysis
Dudani Retail Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 18.46% |
| ROCE | 25.88% |
| EBITDA Margin | 12.07% |
| PAT Margin | 7.73% |
| Debt to Equity Ratio | 0.47 |
| Earning Per Share (EPS) | 2.82 (Basic) |
| Price/Earning P/E Ratio | 10.30 |
| Return on Net Worth (RoNW) | 18.46% |
| Net Asset Value (NAV) | 15.26 |
Note: Valuation KPIs for Dudani Retail are computed for FY2026.
Analysis
Dudani Retail IPO Peer Group Comparison
| Company | EPS | PE Ratio | 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. |
Note: Peer group comparisons for Dudani Retail are sourced from DRHP filings.
FAQ
Dudani Retail IPO FAQs
Dudani Retail IPO price band is Rs 29.00 to Rs 29.00. Check the latest issue price, lot size and GMP together before applying.
Dudani Retail IPO open date is 25 Sept 2026, close date is 29 Sept 2026, and listing date is 05 Oct 2026.
Dudani Retail IPO lot size is 4,000 shares. The minimum retail investment is Rs 2,32,000.
Dudani Retail is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Dudani Retail IPO subscription status currently shows Retail 2.31x, NII 0.52x, Overall 1.42x.
Dudani Retail is a fashion and lifestyle company engaged in designing, manufacturing, sourcing, and supplying a diverse range of apparel for women and men, alongside trading personal care products. The company operates through its own-brand business, licensed manufacturing, and quick-commerce supply arrangements. Its women’s wear portfolio, marketed under the brand “Divena,” features ethnic and fusion garments, including suit sets, kurtas, dresses, tunics, and lehengas. For men, the company trades contemporary apparel under the “Millennial Men” brand, while lifestyle products are offered under “Cosse”. Dudani Retail also manufactures apparel for several licensed labels, such as Roadster and Taavi, functioning on a just-in-time basis for major e-commerce platforms. Key manufacturing processes, including cutting, stitching, and finishing, are executed in-house at its facility in Jaipur, Rajasthan, while value-added processing like dyeing and embroidery is outsourced, ensuring scalable and flexible operations.
Dudani Retail IPO issue size is TBA and the expected allotment date is 30 Sept 2026.
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