Dudani Retail Ltd IPO
Textiles
Price Band
₹29 – ₹29
Lot Size
4000
Minimum Bid Quantity
8000
Minimum Investment
₹232000
Issue Size
₹10.54Cr
Opens
2026-09-25
Closes
2026-09-29
Listing
05-10-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1DLN01012
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Dudani Retail is engaged in designing, manufacturing, sourcing and supplying apparel and related products through its own-brand operations, licensed manufacturing arrangements, and supply arrangements with a quick commerce platform. Its own-brand portfolio includes women’s ethnic and fusion wear sold under “Divena,” covering suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. The company also trades men’s wear under “Millennial Men” and selectively trades personal care and lifestyle products under "Cosse." It manufactures products under licensed arrangements for labels including Kalini, Corsica, Roadster, Anouk Rustic, All About You, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu and Here & Now. The company operates from rented premises in Kartarpura Industrial Area, Jaipur, Rajasthan, where cutting, stitching, finishing, quality checks, and dispatch are undertaken. Fabric dyeing, printing, embroidery, and other value-added processes are carried out through third-party processors. Its products are sold through e-commerce marketplaces and its own-brand websites.
Pros
- • The company operates across multiple business verticals, including women’s wear manufacturing under its own brand, men’s wear trading, licensed manufacturing for Fashion & Lifestyle Marketplace companies, and supply arrangements with a quick commerce company. This provides the company with different operating and revenue channels.
- • The company has entered into multiple licensed manufacturing and supply arrangements with Fashion & Lifestyle Marketplace companies. These agreements cover manufacturing and supply under specified managed labels, including requirements related to brand specifications, quality standards, sampling, and operational processes.
- • The company has in-house manufacturing capabilities for women’s apparel at its Jaipur facility. Its operations include cutting, stitching, finishing, and quality checks, while dyeing, printing, embroidery, and other value-added processes are handled through third-party processors.
Cons
- • The company, its promoters and directors are involved in certain ongoing legal proceedings before various courts and forums. Any adverse decisions in these proceedings could have a material adverse effect on the company’s business, results of operations and financial condition.
- • The company is dependent on a limited number of suppliers for raw materials, particularly fabric used in manufacturing. Its top 10 suppliers accounted for Rs 7.30 crore (87.25%), Rs 8.51 crore (90.87%), and Rs 6.33 crore (90.36%) of total purchases in FY26, FY25, and FY24, respectively. Any disruption in supplies from these suppliers, or inability to replace them on commercially acceptable terms, could affect the company’s sales volumes, profit margins, and results of operations.
- • The company is dependent on a limited number of customers for a substantial portion of its revenue. Its top 10 customers contributed Rs 18.48 crore (75.17%), Rs 18.81 crore (74.44%), and Rs 20.80 crore (82.82%) of revenue in FY26, FY25, and FY24, respectively. Loss of any significant customer, reduction in purchase volumes, or inability to secure new orders could adversely affect the company’s revenues, cash flows, and results of operations.
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