Dudani Retail IPO
Dudani Retail LtdSME
This IPO is now Live.
- Open date
- 25 Sep 2026
- Close date
- 29 Sep 2026
- Min. Investment
- ₹2,32,000
- Lot Size
- -
- Fresh Issue
- ₹10.54 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date25 Sep 2026
- Current step: IPO close date29 Sep 2026
- Upcoming: Allotment date30 Sep 2026
- Upcoming: Funds unblock or debit1 Oct 2026
- Upcoming: Tentative listing date5 Oct 2026
About
Promoter shareholding in Dudani Retail Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Akshay Dudani | 48,59,955 | 72.00% | 48,59,955 | 46.79% |
| Charu Dudani | 18,90,000 | 28.00% | 18,90,000 | 18.20% |
Dudani Retail IPO Strengths & Risks
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
- Risks Relating to the Business: The Company, Promoter and Director are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, result of operations and financial conditions.
- Risks Relating to the Business: The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, the company's business, results of operations and financial condition may be adversely affected. Majority of its raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
- Risks Relating to the Business: Substantial portion of the company's revenues has been dependent upon few customers. The loss of any one or more of its would have a material effect on the company's business operations and profitability.
- Risks Relating to the Business: The company's supply arrangement with a Quick-Commerce Company operates on a sell-or-return and sales-linked settlement model, exposing the company to risks relating to unsold inventory, rejections and timing of payments.
- Risks Relating to the Business: The company has no physical retail store, resulting in dependence on online channels for customer acquisition and sales.
- Risks Relating to the Business: Inaccuracies or discrepancies in certain statutory filings may attract regulatory scrutiny, and there can be no assurance of a favourable outcome if any adverse notice is issued.
- Risks Relating to the Business: There are certain instances of delays in the past with ROC/Statutory Authorities.
- Risks Relating to the Business: There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- Risks Relating to the Business: If the company is unable to manage its growth or execute the company's strategies effectively, the company's business plan and expansion may not be successful, and the company's business and prospects may be adversely affected.
- Risks Relating to the Business: The company generates majority portion of sales from its operations in certain geographical regions and any adverse developments affecting the company's operations in this regions could have an adverse impact on its revenue and results of operations.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The company's lenders have charge over its movable and immovable properties in respect of finance availed by the company.
- Risks Relating to the Business: Changes in Technology may render the company's current technologies obsolete or require the company to make substantial capital investments.
- Risks Relating to the Business: The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect the company's ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- Risks Relating to the Business: Dependence on Rented Premises for Business Operations
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution and are based on management estimates.
- Risks Relating to the Business: The company's business depends upon the user behaviour and continued acceptance of digital platforms.
- Risks Relating to the Business: The Company's manufacturing activities depends on availability of skilled personnel. In case of unavailability of such personnel and / or inability to retain such personnel,the company's business operations could be affected.
- Risks Relating to the Business: The company is highly dependent on Akshay Dudani and Charu Dudani, the company's Promoters and Directors for its business. The loss of or the company's inability to attract or retain such persons could have a material adverse effect on its business performance.
- Risks Relating to the Business: The company's Promoters currently hold the almost entire Equity Share capital of the Company and upon completion of this Issue, the company's Promoters will collectively hold 64.99% of the Equity share capital of the Company. Accordingly, the company's Promoters have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- Risks Relating to the Business: Inability to obtain or protect the company's intellectual property rights may adversely affect its business.
- Risks Relating to the Business: The company's business is subject to seasonal and other fluctuations that may affect its cash flows and business operations
- Risks Relating to the Business: The company's lenders have charge over its movable properties, book debts, stocks in respect of finance availed by the company.
- Risks Relating to the Business: Industry information included in this Draft Prospectus has been derived from www.ibef.org. There can be no assurance that such third-party statistical, financial, and other industry information is either complete or accurate.
- Risks Relating to the Business: The Company's insurance coverage may not be adequate to protect the company against all material hazards which may result in disruptions of operations/monetary loss on account of stoppage of work.
- Risks Relating to the Business: Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the company's operations from time to time may adversely affect its business.
- Risks Relating to the Business: The company operates in a highly competitive industry and the company's failures to compete effectively could have a negative impact on the success of its business and/or impact the company's margins.
- Risks Relating to the Business: The company's results of operations may be materially adversely affected by its failures to anticipate and respond to changes in fashion trends and consumer preferences in a timely manner.
- Risks Relating to the Business: The company may incur significant advertising and marketing costs to promote its brand and sub-brands in the future.
- Risks Relating to the Business: Any actual or perceived cybersecurity, data or privacy breach could interrupt the company's operations and adversely affect its reputation, brand, business, financial condition and results of operations.
- Risks Relating to the Business: The company's processing facility is located in the state of Rajasthan, which may expose the company to regional risks that could adversely affect its business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: If the company is subject to any frauds, theft, or embezzlement by its employees, suppliers, contractors or distributors, it could adversely affect the company's reputation, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company has never paid dividends on its Equity Shares since incorporation. There can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- Risks Relating to the Business: None of the company's directors have any prior experience of holding a directorship in a company listed on the Stock Exchanges which may subject the company to adverse regulatory actions if the company is not able to comply with applicable laws, resulting in an impact on the price of its Equity Shares.
- Risks Relating to the Business: If the company cannot maintain the company culture and the company's values as the company grows, the company's business and competitive position may be harmed.
- Risks Relating to the Business: The company may requires additional capital to support the growth of its business and this capital might not be available on acceptable terms, if at all.
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Risks Relating to the Business: The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- Risks Relating to the Business: The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company's Equity Shares by the company's Promoters or Promoter Group may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Risks Relating to the Business: The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- Risks Relating to the Business: Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: The company's Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
- Risks Relating to the Business: The Company, Promoter and Director are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.
- Risks Relating to the Business: The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected. Majority of the company's raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
- Risks Relating to the Business: Substantial portion of the company's revenue has been dependent upon few customers. The loss of any one or more of its would have a material effect on the company's business operations and profitability.
- Risks Relating to the Business: The company's business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.
- Risks Relating to the Business: The company's lenders have charge over its movable properties, book debts, stocks in respect of finance availed by the company.
- Risks Relating to the Business: The company's supply arrangement with a Quick-Commerce Company operates on a sell-or-return and sales-linked settlement model, exposing the company to risks relating to unsold inventory, rejections and timing of payments.
- Risks Relating to the Business: The company has no physical retail store, resulting in dependence on online channels for customer acquisition and sales.
- Risks Relating to the Business: Inaccuracies or discrepancies in certain statutory filings may attract regulatory scrutiny, and there can be no assurance of a favourable outcome if any adverse notice is issued.
- Risks Relating to the Business: There are certain instances of delays in the past with ROC/Statutory Authorities.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution and are based on management estimates.
- Risks Relating to the Business: There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- Risks Relating to the Business: If the company is unable to manage its growth or execute the company's strategies effectively, its business plan and expansion may not be successful, and the company's business and prospects may be adversely affected.
- Risks Relating to the Business: The company's business is substantially dependent on revenues generated from India, and any adverse developments in the domestic market may have a material adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company generates majority portion of sales from its operations in certain geographical regions and any adverse developments affecting the company operations in this regions could have an adverse impact on its revenue and results of operations.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- Risks Relating to the Business: Changes in Technology may render the company's current technologies obsolete or requires it to make substantial capital investments.
- Risks Relating to the Business: The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect the company's ability to operates its business and implement the company's growth plans, thereby affecting its financial condition.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- Risks Relating to the Business: Dependence on Rented Premises for Business Operations.
- Risks Relating to the Business: The company's business depends upon the user behaviour and continued acceptance of digital platforms.
- Risks Relating to the Business: The Company's manufacturing activities depends on availability of skilled personnel. In case of unavailability of such personnel and / or inability to retain such personnel, its business operations could be affected.
- Risks Relating to the Business: The company is highly dependent on Akshay Dudani and Charu Dudani, its Promoters and Directors for the company's business. The loss of or its inability to attract or retain such persons could have a material adverse effect on the company's business performance.
- Risks Relating to the Business: The company's Promoters currently hold the almost entire Equity Share capital of the Company and upon completion of this Issue, its Promoters will collectively hold 64.99% of the Equity share capital of the Company. Accordingly, its Promoters have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- Risks Relating to the Business: Inability to obtain or protect the company's intellectual property rights may adversely affect its business.
- Risks Relating to the Business: Industry information included in this Prospectus has been derived from www.ibef.org. There can be no assurance that such third-party statistical, financial, and other industry information is either complete or accurate.
- Risks Relating to the Business: The Company's insurance coverage may not be adequate to protect it against all material hazards which may result in disruptions of operations/monetary loss on account of stoppage of work.
- Risks Relating to the Business: Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the company operations from time to time may adversely affect its business.
- Risks Relating to the Business: The company operates in a highly competitive industry and its failures to compete effectively could have a negative impact on the success of the company's business and/or impact its margins.
- Risks Relating to the Business: The company's results of operations may be materially adversely affected by its failures to anticipate and respond to changes in fashion trends and consumer preferences in a timely manner.
- Risks Relating to the Business: The company may incur significant advertising and marketing costs to promote its brand and sub-brands in the future.
- Risks Relating to the Business: Any actual or perceived cybersecurity, data or privacy breach could interrupt the company operations and adversely affect its reputation, brand, business, financial condition and results of operations.
- Risks Relating to the Business: The company's processing facility is located in the state of Rajasthan, which may expose it to regional risks that could adversely affect the company's business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: If the company is subject to any frauds, theft, or embezzlement by its employees, suppliers, contractors or distributors, it could adversely affect the company's reputation, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company has never paid dividends on its Equity Shares since incorporation. There can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- Risks Relating to the Business: None of the company's directors have any prior experience of holding a directorship in a company listed on the Stock Exchanges which may subject it to adverse regulatory actions if the company is not able to comply with applicable laws, resulting in an impact on the price of its Equity Shares.
- Risks Relating to the Business: If its cannot maintain the company culture and its values as the company grow, its business and competitive position may be harmed.
- Risks Relating to the Business: The company may requires additional capital to support the growth of its business and this capital might not be available on acceptable terms, if at all.
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect the company's revenue and results of operations.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Risks Relating to the Business: The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- Risks Relating to the Business: The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute the investors shareholdings or sales of the company's Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company's Equity Shares.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: None of the applicants can withdrew their applications at any stage.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Risks Relating to the Business: The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- Risks Relating to the Business: Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: The company's Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
