Dudani Retail IPO

About Dudani Retail IPO

Dudani Retail IPO, an SME IPO, opens on September 25, 2026 and closes on September 29, 2026. The allotment of shares will take place on September 30, 2026. The listing of shares will take place on October 05, 2026 on the BSE SME platform.

Dudani Retail IPO's price band is set at ₹29 per share. The lot size for an application is 4,000 shares. The minimum amount of investment required by a retail investor is ₹232,000 based on the upper price.

The offer is a fresh issue with no offer for sale component. The fresh issue is of 36.36 lakh shares of ₹10.54 crore.

Dudani Retail is a fashion and lifestyle company engaged in the design, manufacturing, sourcing, and supplying of apparel and related products through own brand operations, licensed manufacturing arrangements with fashion and lifestyle marketplaces, and a structured supply arrangement with a quick commerce platform.

Objectives of Dudani Retail IPO

• To meet working capital requirements
• Capital expenditure
• Repayment of outstanding borrowings
• General corporate purposes

Industry Outlook

The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 2.3 billion by 2030, with India ranking among the top five global exporters in several textile categories.

The Indian Technical Textiles market is the fifth largest in the world, valued at US$ 29 billion in 2024 and projected to grow to US$ 45 billion by 2026, US$ 123 billion by 2035, and US$ 309 billion by 2047.

In FY26 (April - June 2025), total exports of textiles and apparels stood at US$ 9.40 billion, with the Ready Made Garments category having the largest share of 45% (US$ 4,193 million).

About Dudani Retail Limited

Dudani Retail 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. Established in 2015 and headquartered in Jaipur, Rajasthan, the company specializes in providing a diverse range of apparel for both women and men.

The company operates through its own brands such as Divena and Millennial Men, offering products covering categories such as suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees, and bottom wear. In addition to its own brand activities, it manufactures products under licensed arrangements entered into with fashion and lifestyle marketplaces.

The company also supplies products to a quick commerce platform and is engaged in the trading of grey/raw fabrics. Its products are sold through multiple e-commerce marketplaces including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq, and Snapdeal, as well as through its own brand websites.

Strengths of Dudani Retail

• Dudani Retail leverages the extensive experience of its promoters in the apparel and retail industry to drive strategic growth.
• An experienced management team, supported by a motivated and efficient workforce, contributes to the business operations.
• Cordial relationships with customers across various e-commerce platforms and distribution channels support its market presence.
• A strong emphasis on quality assurance and control is reflected in its ISO 9001:2015 certification for the manufacture of apparels.

Risks of Dudani Retail

• Dependence on a limited number of key customers means the loss of any major customer could adversely affect business operations and profitability.
• Raw material procurement is dependent on a few key suppliers, while the absence of long-term supply agreements may expose the business to potential supply-related risks.
• Seasonal and other fluctuations in business activity may affect cash flows and operations across different quarters of a financial year.
• Certain legal proceedings involving Dudani Retail, its promoters and directors are pending, and any adverse outcome could have an impact on its financial condition.

IPO Registrar and Book Running Lead Managers

Registrar Details
Maashitla Securities Private Limited
E-mail: cs@dudaniretail.com
Tel No: +91 8690532399

Book Running Lead Managers
Finshore Management Services Limited

Dudani Retail Contact Details
F-93, 3rd Floor, Kartarpura Industrial Area, 22 Godamjaipur, Station Road,
Jaipur, Rajasthan, India, 302006.
E-mail: cs@dudaniretail.com
Tel No: +91 8690532399

Dudani Retail Business Model

The company operates through a multi-channel distribution model involving in-house manufacturing, outsourced processing for value-added operations like dyeing and embroidery, e-commerce marketplace sales, licensed manufacturing on a just-in-time basis, quick commerce platform supply on a sale-or-return basis, and raw fabric trading.

Dudani Retail Growth Trajectory

Dudani Retail Limited's Total Income for FY 26 was ₹24.59 crore, whereas in FY 25 and FY 24 it was ₹25.29 crore and ₹25.13 crore, respectively.

The Profit After Tax for FY 26 was ₹1.9 crore, whereas in FY 25 and FY 24 it was ₹1.78 crore and ₹0.99 crore, respectively.

Their EBITDA for FY 26 was ₹2.97 crore, whereas in FY 25 and FY 24 it was ₹2.86 crore and ₹1.81 crore, respectively.

Dudani Retail Market Position

The company also supplies products to a quick commerce platform and is engaged in the trading of grey/raw fabrics. Its products are sold through multiple e-commerce marketplaces including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq, and Snapdeal, as well as through its own brand websites.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹24.59 crore, ₹1.9 crore, and ₹2.97 crore, respectively.

How to apply for Dudani Retail IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.