| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 25.12 | 25.28 | 24.59 |
| Expenses | 23.77 | 22.82 | 22.03 |
| Other Income | 0.01 | 0.01 | 0.00 |
| Total Revenue | 25.13 | 25.29 | 24.59 |
| Profit Before Tax | 1.36 | 2.47 | 2.55 |
| Net Profit | 0.99 | 1.78 | 1.90 |
Dudani Retail
Dudani Retail IPO
₹2,32,000
0.22 xOver-subscribedBidding Dates 25 Sept, 26 -29 Sept, 26
Min Investment ₹2,32,000
Lot Size4,000
Price Range ₹29 – ₹29
Issue Size ₹10.54 Cr.
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IPO Subscription Details
Retail Subscription Details
0.38 x
Non-Institutional Buyers (bHNI)
0.02 x
Total0.22 x
0.22 x IPO Timeline
IPO Offer Start
25 Sept,26
IPO Offer Ends
29 Sept,26
Allotment Finalisation
30 Sept,26
Refund Initiation
01 Oct,26
Listing of Shares
05 Oct,26
IPO Analysis
Strengths
The company operates across own-brand manufacturing for women's wear, trading of men's wear, licensed manufacturing for Fashion & Lifestyle Marketplace companies, and a sales-linked supply arrangement with a Quick-Commerce Company, providing access to diverse revenue streams.
The company has entered into multiple licence and manufacturing agreements with Fashion & Lifestyle Platform Companies for labels including Kalini, Corsica, Roadster, Anouk Rustic, and others, providing a recurring source of manufacturing assignments subject to just-in-time orders.
Cutting, stitching, finishing, and quality checks for women's apparel are carried out at the company's Jaipur facility, supported by third-party processors for dyeing, printing, and embroidery, enabling flexibility in handling varying order sizes and product specifications.
Risks
The company, its promoters and directors are involved in pending legal proceedings, including three tax proceedings and one statutory or regulatory proceeding against the company, with an aggregate quantifiable amount of ₹1.69 lakhs. Adverse outcomes could result in additional expenses, liabilities, reputational damage and diversion of management resources.
The company does not have long-term raw material supply agreements and relies on a few key suppliers; its top five suppliers accounted for 77.38% of purchases in FY2026. Supply disruptions or an inability to procure materials of the required quality and quantity at competitive prices could reduce sales volumes and profit margins.
Objectives
The company proposes to fund capital expenditure towards the purchase of computerised embroidery machinery for expansion and upgradation of its existing manufacturing facility, enabling in-house embroidery operations to reduce third-party dependency and improve quality and margins.
The company intends to repay and/or pre-pay, in full or in part, a cash credit facility availed from Kotak Mahindra Bank Limited, aimed at reducing overall interest costs, improving the debt-equity ratio, and enhancing financial stability.
The company proposes to utilize a portion of the Net Proceeds to meet its working capital requirements in the ordinary course of business, supporting increased inventory levels, procurement capabilities, and operational scalability driven by business expansion.
The balance Net Proceeds are intended to be deployed towards strategic initiatives, partnerships, joint ventures, brand building, marketing activities, and ongoing general corporate exigencies, subject to applicable regulatory limits.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 10.59 | 14.28 | 17.01 |
| Current Assets | 10.10 | 13.76 | 16.55 |
| Fixed Assets | 0.49 | 0.52 | 0.46 |
| Total Equity & Liabilities | 10.59 | 14.28 | 17.01 |
| Total Liabilities | 3.97 | 5.88 | 6.72 |
| Current Liabilities | 3.71 | 5.53 | 5.87 |
| Non Current Liabilities | 0.26 | 0.35 | 0.85 |
| Total Equity | 6.62 | 8.40 | 10.30 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | 0.01 | -0.03 | -0.03 |
| Investing Activities | -0.04 | -0.07 | -0.03 |
| Operating Activities | 0.32 | -0.16 | -0.46 |
| Financing Activities | -0.27 | 0.21 | 0.46 |
About Dudani Retail
Dudani Retail Limited, incorporated in 2015 and promoted by Mr. Akshay Dudani and Mrs. Charu Dudani, is a Jaipur-based apparel company engaged in designing, manufacturing, sourcing, and supplying apparel through own-brand operations (Divena – women's ethnic wear, Millennial Men – men's shirts), licensed manufacturing for Fashion & Lifestyle Marketplaces (labels...more
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Managing DirectorAkshay Dudani
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