Dudani Retail’s ₹10.54 Crore IPO Opens September 25, Here’s What Investors Should Know

Jaipur-based Dudani Retail Limited is set to launch its ₹10.54 crore IPO on September 25, 2026. Interested investors must submit their bids by September 29, with the shares slated to be listed on the BSE SME platform. The company plans to issue 36.36 lakh equity shares, each priced at ₹29, with a face value of ₹10. Investors must pay the full issue price when applying. A market lot comprises 4,000 shares.

Retail investors are required to apply for a minimum of two lots, or 8,000 shares, which would necessitate a minimum investment of ₹2.32 lakh at the issue price. Finshore Management Services is leading the IPO, while Maashitla Securities will act as the registrar to the issue.

The allocated IPO funds will be used for various purposes. A sum of ₹3 crore will go towards repaying or prepaying borrowings, while another ₹3.97 crore will be allocated to working capital. ₹79 lakh has been set aside for purchasing machinery to expand and upgrade the company's Jaipur manufacturing facility. Additionally, ₹1.50 crore is earmarked for general corporate purposes.

Dudani Retail's Managing Director, Akshay Dudani, stated that the IPO will bolster the company's manufacturing capacity, product range, and presence across sales channels. He also highlighted plans to develop Divena, the company's women's ethnic and fusion wear brand. Established in 2015, Dudani Retail designs, manufactures, sources, and supplies apparel, with brands such as Divena and Millennial Men.

The company also operates through licensed manufacturing arrangements and sells its products on platforms like Myntra, Amazon, Flipkart, and Ajio, alongside its official websites.