- POSITIVE
Annual Revenue Dudani Retail Mar-2025 Annual Revenue is Rs 25 Cr which is growth of 0.6% YoY.
- POSITIVE
Annual Net Profit Dudani Retail Mar-2025 Annual Net Profit is Rs 2 Cr which is growth of 79.0% YoY.
Dudani Retail Ltd. IPO Details
Dudani Retail was incorporated on December 01, 2015. The company designs, manufactures, sources and supplies apparel through its own brands, licensed manufacturing arrangements with fashion and lifestyle marketplaces, and a structured supply arrangement with a quick-commerce platform. Its operations include women’s ethnic and fusion wear, men’s wear and just-in-time orders, with value-added processes such as dyeing, printing and embroidery outsourced to third-party processors
| Bidding Dates |
|---|
| 25 Sep 2026 - 29 Sep 2026 |
| Subscription |
|---|
| 0.08x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹232,000 | 2 | 2 | 4000 | 3.6 M | ₹29 | 64.99 % | ₹105.4 M | RHP DOC |
Dudani Retail IPO SUBSCRIPTION STATUS
25 Sep '26Total0.08x
Retail Individual Investor0.15x
HNI (NII) Investors0.01x
Qualified Institutional Buyers-
Dudani Retail IPO overall subscription rate was 0.08 times the total available shares
Dudani Retail IPO retail subscription rate was 0.15 times in the retail segment
Dudani Retail IPO non-institutional investor subscription rate was 0.01 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Sep 2026 | 0.15x | 0.01x | - |
Dudani Retail FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 24.6 | 1.9 | -0.5 | -0.5 | 12.1% |
| FY25 | 25.3 | 1.8 | -0.2 | -0.2 | 11.3% |
| FY24 | 25.1 | 1.0 | 0.3 | 0.3 | 7.2% |
Dudani Retail IPO SUBSCRIPTION STATUS DETAILS
Dudani Retail has 3.6 M shares on offer
Dudani Retail IPO offer price is ₹29
Dudani Retail IPO minimum Investment is ₹232000
Dudani Retail IPO issue size is ₹ 105.4 M
Dudani Retail has a minimum lot size of 4000 Shares per application
Dudani Retail NUMBER OF SHARES ON OFFER
Total3.6 M
Fresh Issue3.6 M
Offer for Sale0
Post Issue Promoter Holding %64.99 %
Dudani Retail IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2026 |
| Issue close Date | 29 Sep 2026 |
| Allotment Date | 30 Sep 2026 |
| Refund Date | 01 Oct 2026 |
| Demat Account Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Dudani Retail Allotment Status | Exchange/ Registrar |
Dudani Retail IPO subscription opens on 25 Sep 2026, and closes on 29 Sep 2026
IPO allotment for Dudani Retail is expected to be finalized on Wednesday, 30 Sep 2026
IPO listing for Dudani Retail will be on BSE on Monday, 05 Oct 2026
Dudani Retail Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dudani Retail Ltd. | 29 | 30.1 | 11 | 0.1 | 1.2 | 21.2 | 12.5 | 25.3 | 0.6 | 1.8 | 79 | 2.6 | 175.5 |
| Lenskart Solutions Ltd. | 680.2 | 118276.5 | 180.5 | 12.3 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 3.8 | ||
| Page Industries Ltd. | 37695 | 42044.6 | 55.6 | -47.9 | 7.9 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 677.6 | -1.2 |
| Pearl Global Industries Ltd. | 1329.1 | 12278.4 | 39.6 | 1.7 | 2.3 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 33.6 | 23.7 |
| Timex Group India Ltd. | 732.2 | 7391.6 | 86.2 | 0.9 | 8.7 | 100.1 | 22.3 | 800.6 | 48.3 | 75.4 | 140.1 | 8.5 | 96.5 |
| Safari Industries (India) Ltd. | 1464.2 | 7157.9 | 43.4 | 4 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
Annual
Balance Sheet
Ratios
Cash Flow
Dudani Retail annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
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Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
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| Indicator | Graph | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|
| 25.3 | 25.1 | 24.2 | ||
Operating Exp. Ann. | 22.4 | 23.3 | 22.9 | |
Operating Profit Ann. | 2.9 | 1.8 | 1.3 | |
OPM Ann. % | 11.33% | 7.20% | 5.26% | |
| 22.8 | 23.8 | 23.3 | ||
EBITDA Ann. | 2.9 | 1.8 | 1.3 | |
EBITDA Ann. margin % | 11.37% | 7.24% | 5.26% | |
Interest Ann. | 0.3 | 0.3 | 0.3 | |
Depr. | 0.1 | 0.2 | 0.2 | |
PBT Ann. | 2.5 | 1.4 | 0.9 | |
Tax Ann. | 0.7 | 0.4 | 0.2 | |
| 1.8 | 1 | 0.6 | ||
Net Profit Ann. | 1.8 | 1 | 0.6 | |
NPM Ann. % | 7.03% | 3.95% | 2.64% | |
EPS Adj. latest Ann. | - | - | - |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
0.8%
2Y CAGR
2.2%
Net Profit Ann.
1Y CHG
80%
2Y CAGR
73.2%
Operating Exp. Ann.
1Y CHG
-3.9%
2Y CAGR
-1.1%
Dudani Retail INFORMATION ON IPO ISSUE
About Dudani Retail
Dudani Retail was incorporated on December 01, 2015. The company designs, manufactures, sources and supplies apparel through its own brands, licensed manufacturing arrangements with fashion and lifestyle marketplaces, and a structured supply arrangement with a quick-commerce platform. Its operations include women’s ethnic and fusion wear, men’s wear and just-in-time orders, with value-added processes such as dyeing, printing and embroidery outsourced to third-party processors
Object of the Issue
- To meet working capital requirements
- Capital expenditure
- Re-payment of outstanding borrowings
- General corporate purposes
Dudani Retail - PROMOTERS
| Name |
|---|
| Akshay Dudani |
| Charu Dudani |
Dudani Retail - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Akshay Dudani | Managing Director |
| Charu Dudani | Whole-time Director |
| Neetu Yadav | Non-Executive Non-Independent Director |
| Madhvi Sharma | Independent Director |
| Rahul Sharma | Independent Director |
Dudani Retail Book Running Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
Dudani Retail Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Dudani Retail Strengths
Diversified busniess model
The company operates across own-brand manufacturing of women’s wear, men’s wear trading, licensed manufacturing for fashion and lifestyle marketplaces, and sales-linked supply arrangements with quick-commerce platforms. Its diversified channels provide multiple revenue streams and enable production and sourcing to be aligned with changing demand and order requirements
Strength
Multi-channel distribution
The company sells its own-brand products through major e-commerce marketplaces such as Myntra, Amazon, Flipkart, Ajio and Nykaa Fashion, along with its own websites. This multi-channel presence provides access to a broad customer base, improves brand visibility and enables the company to manage demand across platforms
Strength
Integrated operations
The company’s operations cover design development, fabric sourcing, sampling, manufacturing, finishing, inspection and shipment, supported by in-house teams for design, stitching, quality checks and e-commerce. This integrated workflow improves coordination and enables timely execution while adapting to changes in product specifications and order quantities
Strength
Dudani Retail Risks
Quick commerce settlement risks
The company’s quick-commerce supply arrangement follows a sell-or-return and sales-linked settlement model, exposing it to risks from unsold inventory, product returns, rejections, payment delays and fluctuating consumer demand. Changes in sales velocity, returns, acceptance timelines or wholesale prices could adversely affect its revenues and cash flows
Risk
Depend on online channels
The company operates without physical retail stores and depends primarily on online platforms for customer acquisition and sales of its own-brand products. Changes in online demand, platform visibility, competition or customer preference for offline shopping could limit its market reach and adversely affect sales and financial performance
Risk
Competition
The company operates in a highly competitive apparel industry, competing with online marketplaces, physical retailers and direct-to-consumer brands that may offer wider products, stronger brands, greater resources and lower prices. Increasing competition, faster innovation, aggressive marketing or changing consumer preferences could reduce its margins, market share and adversely affect its business and financial performance
Risk
IPO FAQs
The promoters of the company are Akshay Dudani and Charu Dudani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 29.0 - 29.0.
The IPO application opens on Sep 25, 2026 and closes on Sep 29, 2026.
The minimum lot size for the IPO is 8000. The maximum lot size for the IPO is 8000.
For all category investors, the minimum application amount for this IPO is Rs. 232,000.0, the maximum value for this IPO is Rs 232,000.0.
This IPO will be allotted on Sep 30, 2026.
The refund will be credited to your account on Oct 01, 2026.
The allotted shares will be credited to your demat on Oct 01, 2026.
Dudani Retail Ltd.’s shares will list on the stock exchanges on Oct 05, 2026.