DUDANI RETAIL LIMITED IPO
Closed25–29 Sep 2026
What stands out in the offer document
The five questions
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1How it makes money₹94 of every ₹100 of sales comes from its "Kurti, Kurta and Kurta Sets" segment.
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2Is it growing, and is profit turning into cash?Sales fell 2% from 2024 to 2026 (₹25.1 cr → ₹24.6 cr). Over 3 years it made ₹4.7 cr of profit and brought in −₹0.3 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.47 for every ₹1 of its own money. The line for retail is ₹2.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹29 you pay about ₹10 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 100% now and 65% after the IPO. The document discloses 1 legal matter.
Latest update:
Subscribed 1.47× (NII 0.6× · Retail 2.3×) · Price band ₹29 · Closed 29 Sep 2026 · Allotment 30 Sep 2026 (Confirmed) · Lists 5 Oct 2026 (Expected)
What DUDANI RETAIL LIMITED does
Dudani Retail Limited is a fashion and lifestyle company engaged in the design, manufacturing, and selling of a wide range of apparel and trading of a few cosmetic products.
DUDANI RETAIL LIMITED financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 25 | 25 | 25 | |
| Operating Profit | 2 | 3 | 3 | |
| OPM % | 7.2% | 11.3% | 12.1% | |
| Net Profit | 1 | 2 | 2 | |
| Total Debt | 4 | 4 | 5 |
DUDANI RETAIL LIMITED IPO offer structure
Fresh issue: ₹11 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Capital Expenditure: ₹1 cr
- Re-payment of Outstanding borrowings: ₹3 cr
- Working Capital: ₹4 cr
- General Corporate Purpose: ₹2 cr
DUDANI RETAIL LIMITED promoters and holding
- Mr. Akshay Dudani: Promoter
- Mrs. Charu Dudani: Promoter
DUDANI RETAIL LIMITED strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Presence across multiple operating verticals (p.113)
- Established working relationships with Fashion & Lifestyle Companies through licensed manufacturing arrangements (p.113)
- In-house manufacturing capability for women’s wear supported by outsourced processors (p.113)
- Asset-light approach in men’s wear and selective trading categories (p.113)
- Defined operational framework under the supply arrangement with a Quick-Commerce Company (p.113)
- Our Company, Promoter and Director are parties to certain legal proceedings. (p.25)
- We do not have long term agreements for supply of our raw materials. (p.25)
- Substantial portion of our revenues has been dependent upon few customers. (p.26)
- Our business is subject to seasonal and other fluctuations that may affect our cash flows and business operations. (p.26)
- Our lenders have charge over our movable properties, book debts, stocks in respect of finance availed by us. (p.27)
DUDANI RETAIL LIMITED peer comparison: DRHP median P/E 25.2x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Nandani Creation Limited (Consolidated) | — | 23.7x | — | — | DRHP |
| Purple United Sales Limited | — | 26.7x | — | — | DRHP |
| Mish Designs Limited | — | -11.3x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
DUDANI RETAIL LIMITED market and competition
In the women’s ethnic and fusion wear category, our brand 'Divena' faces competition from both established players and emerging brands that emphasize quality, craftsmanship, and evolving fashion trends.
DUDANI RETAIL LIMITED outlook, as the document states it
Our company intends to strengthen its operations across own-brand manufacturing, trading activities and licensed manufacturing for Fashion & Lifestyle Marketplace Companies while maintaining a measured approach to capacity utilisation, procurement planning and fulfilment.
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DUDANI RETAIL LIMITED IPO: common questions
When does the DUDANI RETAIL LIMITED IPO open and close?
The DUDANI RETAIL LIMITED IPO is open from 25 Sep 2026 to 29 Sep 2026.
What is the DUDANI RETAIL LIMITED IPO price band?
The price band is ₹29 per share.
What is the lot size and minimum investment for the DUDANI RETAIL LIMITED IPO?
One lot is 4000 shares, and a retail application must be at least one lot. That is about ₹2,32,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the DUDANI RETAIL LIMITED IPO subscribed?
As of 30 Sep 2026 the total subscription is 1.47×.
When are the DUDANI RETAIL LIMITED IPO allotment and listing dates?
Allotment is on 30 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the DUDANI RETAIL LIMITED IPO allotment status?
On the allotment status page published by Maashitla Securities, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 712 SME IPOs that have listed on the NSE since 2016, 564 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
DUDANI RETAIL LIMITED IPO allotment status
Allotment is on 30 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is Maashitla Securities.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →