Dudani Retail IPO Listing Price, Gain & Allotment

The issue size is ₹10.54 Cr.

Revenue fell from ₹25.13 Cr in FY24 to ₹24.59 Cr in FY26, a compound annual decline of 1.1%. Profit after tax grew from ₹0.99 Cr to ₹1.9 Cr. That is a net profit margin of 7.7% in FY26. Borrowings were 0.47 times net worth at the end of FY26.

Dudani Retail listed at ₹25 on 5 Oct 2026, -13.8% against the issue price of ₹29. The last GMP before listing had pointed to about ₹29.5, so it opened 15.5 points below the grey market estimate. It closed the first day at ₹25 (-13.8%).

Dudani Retail is an SME IPO worth ₹10.54 crore with a price band of ₹29 per share. The issue opens on 25 September 2026 and closes on 29 September 2026. Shares are expected to list on 5 October 2026 on BSE SME.

Dudani Retail IPO is a fixed price issue of Rs. 10.54 Cr (0.36 crore shares) by Dudani Retail Limited, which is an apparel and lifestyle company engaged in the designing, manufacturing, sourcing and supply of apparel and related products through own-brand operations, licensed manufacturing arrangements with Fashion & Lifestyle marketplaces and a supply arrangement with a Quick-Commerce Platform.

The Company’s own-brand business primarily focuses on women’s ethnic and fusion wear sold under the brand “Divena”, including suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. These products are designed and manufactured through a combination of in-house production and outsourced value-added processes.

The Company also trades in men’s wear under “Millennial Men”, where finished goods are sourced from external suppliers and sold through online channels. It selectively trades in personal care and lifestyle products under “Cosse” based on sourcing opportunities and demand patterns.

In addition to its own-brand operations, the Company undertakes licensed manufacturing for Fashion & Lifestyle marketplaces, producing apparel against orders and according to specified design briefs, brand requirements and quality standards.

The labels covered under these arrangements include Kalini, Corsica, Roadster, Anouk Rustic, All about you, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu and Here & Now. The Company’s role is limited to manufacturing and supplying products on a just-in-time basis, while the intellectual property rights in these labels remain with the respective licensors.