Dudani Retail IPO Subscription Day 1: Issue Subscribed 0.08 Times

Mumbai, September 25: Dudani Retail IPO received bids for 2,88,000 shares against 34,52,000 shares offered to the public on the first day of bidding, taking the overall subscription to 0.08 times.

The individual investors category received bids for 2,72,000 shares against 17,28,000 shares on offer, resulting in a subscription of 0.16 times. The NII portion received bids for 16,000 shares against 17,24,000 shares, translating into a subscription of 0.01 times.

The Dudani Retail IPO opened for subscription on September 25, 2026, and will remain open until September 29, 2026.

Dudani Retail IPO Subscription Status

The NII category received bids for 16,000 shares against 17,24,000 shares available for subscription. The category was subscribed 0.01 times.

The individual investors category attracted bids for 2,72,000 shares against 17,28,000 shares reserved for the segment, taking the subscription to 0.16 times.

Overall, the public issue received bids for 2,88,000 shares against 34,52,000 shares offered, resulting in an overall subscription of 0.08 times.

The total amount of bids stood at around ₹0.84 crore, based on the issue price of ₹29 per share. The issue had received 39 applications as of the latest update.

The subscription figures were updated at 5:07 PM on September 25, 2026.

Day-wise Dudani Retail IPO Subscription

Date	NII	Individual Investors	Total
Sep 25 (Day 1)	0.01x	0.16x	0.08x

The IPO will continue to accept applications through September 29, 2026.

Dudani Retail IPO Details

Dudani Retail IPO is a ₹10.54 crore fixed-price issue, comprising an entirely fresh issue of 36.36 lakh shares.

The IPO has a fixed issue price of ₹29 per share and a lot size of 4,000 shares. At the issue price, the minimum investment required for an individual investor is ₹2,32,000, equivalent to 8,000 shares or two lots.

For HNI investors, the minimum application is three lots, or 12,000 shares, requiring an investment of ₹3,48,000.

The issue opened for subscription on September 25, 2026, and will close on September 29, 2026.

Dudani Retail is proposed to list on the BSE SME platform, with a tentative listing date of October 5, 2026.

Finshore Management Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue. Prabhat Financial Services Ltd. is the market maker.

Dudani Retail IPO Issue Size

The total issue comprises 36,36,000 shares, including 1,84,000 shares reserved for the market maker.

Particulars	Details
Total Issue Size	36,36,000 shares
Fresh Issue	36,36,000 shares
Issue Size	₹10.54 crore
Market Maker Reservation	1,84,000 shares
Net Offered to Public	34,52,000 shares
Face Value	₹10 per share
Issue Price	₹29 per share
Lot Size	4,000 shares
Issue Type	Fixed Price IPO
Listing Platform	BSE SME

The company had 67,50,000 shares before the issue, while its shareholding post issue is expected to stand at 1,03,86,000 shares.

Dudani Retail IPO Reservation

After excluding the market maker portion, 34,52,000 shares are available to public investors.

The issue has been divided between NII and individual investors as follows:

Investor Category	Shares	% of Net Issue	% of Total Issue
NII (HNI)	17,24,000	49.94%	47.41%
Retail	17,28,000	50.06%	47.52%
Market Maker	1,84,000	—	5.06%
Total	36,36,000	100.00%	100.00%

Dudani Retail IPO Lot Size

Investors can bid for a minimum of 8,000 shares and in multiples of 4,000 shares thereafter.

Application	Lots	Shares	Amount
Individual Investors (Min)	2	8,000	₹2,32,000
Individual Investors (Max)	2	8,000	₹2,32,000
HNI (Min)	3	12,000	₹3,48,000

Dudani Retail IPO Allotment and Listing

The Dudani Retail IPO is currently open for subscription and will close on September 29, 2026.

The tentative Dudani Retail IPO allotment date is September 30, 2026. Refunds are scheduled for October 1, while shares are expected to be credited to successful applicants on the same day.

The IPO is tentatively scheduled to list on the BSE SME platform on October 5, 2026.

Dudani Retail IPO Timeline

Event	Date
IPO Open	September 25, 2026
IPO Close	September 29, 2026
Allotment	September 30, 2026
Refund	October 1, 2026
Credit of Shares	October 1, 2026
Listing	October 5, 2026

About Dudani Retail Ltd.

Incorporated in December 2015, Dudani Retail Ltd. is an apparel and lifestyle company engaged in the designing, manufacturing, sourcing and supply of apparel and related products through its own-brand operations and licensed manufacturing arrangements with Fashion & Lifestyle marketplaces.

The company’s own-brand business primarily focuses on women’s ethnic and fusion wear sold under the “Divena” brand. Its product range includes sarees, dresses, tops, tunics, kaftans and co-ord sets, along with sarees and bottom wear.

The company uses a combination of in-house production and outsourced value-added processes for its products. It also trades in men’s wear under the “Millennial Men” brand, with finished goods sourced from external suppliers and sold through online channels.

Conclusion

The Dudani Retail IPO opened for subscription on September 25 and was subscribed 0.08 times on Day 1.

The individual investors category recorded subscription of 0.16 times, while the NII portion stood at 0.01 times. Overall, investors bid for 2,88,000 shares against 34,52,000 shares offered to the public.

The IPO will remain open until September 29, with the Dudani Retail IPO allotment scheduled for September 30 and the tentative BSE SME listing slated for October 5, 2026.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4856&type=FPO&idtype=1&status=L&IPONo=8006&startdt=25%2F09%2F2026