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 & Allotment
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.
- IPO Price Band
- ₹29.00 - ₹29.00
- Lot Size
- 4,000 Shares
- Bidding Closes
- 29 Sept 2026
- Listing Date
- 05 Oct 2026
Quick Answer & Highlights
Dudani Retail IPO GMP Today & Key Takeaways
Last updated: 05 Oct 2026
Dudani Retail IPO officially listed on 05 Oct 2026 at Rs 25.00, delivering a -13.79% listing gain compared to its issue price of Rs 10.54. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-4.
Dudani Retail IPO officially listed on 05 Oct 2026 at ₹25.00, delivering a -13.79% listing gain compared to its issue price of ₹10.54. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-4.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹-4 | -13.79% vs upper band (05 Oct 2026) |
| Est. Listing Price | ₹25.00 | -13.79% Est. Listing Gain |
| Price Band | ₹29.00 - ₹29.00 | SME IPO |
| Retail Minimum Investment | ₹2,32,000 | 2 Lot (4,000 Shares) |
| Bidding Window | 25 Sept 2026 – 29 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 30 Sept 2026 | Listing: 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
| IPO Open Date | 25 Sept 2026 |
|---|---|
| IPO Close Date | 29 Sept 2026 |
| IPO Price Band | ₹29.00 - ₹29.00 |
| Lot Size | 4,000 Shares |
| Current GMP | ₹-4 |
| Estimated Listing Gain | -13.79% |
| Issue Size | Approx ₹10.54 Cr |
| Fresh Issue | Approx ₹10.54 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Overall Subscription | 1.42x |
| Minimum Investment | ₹2,32,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| NII | 17.24 | 9.04 | 0.52xx |
| Retail | 17.28 | 40 | 2.31xx |
| Overall Subscription | 34.52 | 49.04 | 1.42xx |
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.
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
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 25 Sept 2026 | Completed |
| Bidding Closes | 29 Sept 2026 | Completed |
| Allotment | 30 Sept 2026 | Completed |
| Listing | 05 Oct 2026 | Completed |
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 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.
Comparison
Compare Dudani Retail IPO with similar IPOs
FAQ
Dudani Retail IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs -4 and an issue price of Rs 29, the estimated listing price for Dudani Retail IPO is Rs 25.00 (approx -13.79% listing gain). Actual listing price is determined by market demand on the listing day.
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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