Dudani Retail logo

Dudani Retail

Open

IPO Closes in

--Days
--Hours
--Minutes
--Seconds

IPO Timeline

Issue open date

25 Sep 2026

Issue close date

29 Sep 2026

UPI mandate deadline

29 Sep 2026

Allotment finalization

30 Sep 2026

Refund initiation

1 Oct 2026

Share credit

1 Oct 2026

Listing date

5 Oct 2026

Mandate end date

14 Oct 2026

Lock-in end date for anchor investors (50%)

29 Oct 2026

Lock-in end date for anchor investors (remaining)

28 Dec 2026

Grey Market Premium Trend

₹3
Current GMP
₹32
Est. Listing Price
10.3%
Est. Listing Gain
₹29 - ₹29
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
24 Sep₹3₹3210.34%
23 Sep₹3₹3210.34%

Key Dates

Open
25 Sep 2026
Close
29 Sep 2026
Listing
5 Oct 2026

Quick Stats

Issue Size:11cr
Lot Size:4000 shares

About the Company

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.

Strengths

  • Diverse apparel portfolio covering men’s and women’s fashion.
  • Strong distribution network across major e-commerce platforms.
  • Strategic licensed manufacturing for top brands like Roadster.
  • Established proprietary labels “Divena” and “Millennial Men”.
  • Dedicated in-house manufacturing facility in Jaipur.

Risks

  • High revenue concentration from a few key customers.
  • Heavy reliance on a limited number of raw material suppliers.
  • Highly working-capital intensive business with past negative cash flows.
  • Vulnerable to fast-changing fashion trends and inventory obsolescence.
  • Total dependence on digital sales channels with no physical stores.

Dudani Retail IPO – Frequently Asked Questions

  • The price band for the Dudani Retail IPO is set at ₹29 to ₹29 per share.
  • The Dudani Retail IPO opens on September 25, 2026 and closes on September 29, 2026.
  • The tentative listing date for the Dudani Retail IPO is October 5, 2026.
  • You can apply for the Dudani Retail IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Dudani Retail, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Dudani Retail IPO is 4000 shares. Investors must apply for at least one lot (i.e., 4000 shares).