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(As on Dec 30, 2024, 21:30)

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Davin Sons Retail announces launch of initial public offering

Davin Sons Retail Ltd. has announced public offering of 1596000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 877.80 lakhs.

The company's initial public offer (IPO) will open on 02 January 2025 and is expected to close on 06 January 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 1596000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Davin Sons Retail Ltd. anticipates using the proceeds of the issue for .

Navigant Corporate Advisors Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.

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