Dudani Retail IPO

GMP History

Financial Performance

As disclosed by Dudani Retail in its offer document.

Strengths and risks

Taken from Dudani Retail's own offer document — not Arthneeti's assessment.

• ✓The company operates across multiple business verticals, including women’s wear manufacturing under its own brand, men’s wear trading, licensed manufacturing for Fashion & Lifestyle Marketplace companies, and supply arrangements with a quick commerce company. This provides the company with different operating and revenue channels.
• !The company, its promoters and directors are involved in certain ongoing legal proceedings before various courts and forums. Any adverse decisions in these proceedings could have a material adverse effect on the company’s business, results of operations and financial condition.
• ✓The company has entered into multiple licensed manufacturing and supply arrangements with Fashion & Lifestyle Marketplace companies. These agreements cover manufacturing and supply under specified managed labels, including requirements related to brand specifications, quality standards, sampling, and operational processes.
• !The company is dependent on a limited number of suppliers for raw materials, particularly fabric used in manufacturing. Its top 10 suppliers accounted for Rs 7.30 crore (87.25%), Rs 8.51 crore (90.87%), and Rs 6.33 crore (90.36%) of total purchases in FY26, FY25, and FY24, respectively. Any disruption in supplies from these suppliers, or inability to replace them on commercially acceptable terms, could affect the company’s sales volumes, profit margins, and results of operations.

About Dudani Retail

Dudani Retail is engaged in designing, manufacturing, sourcing and supplying apparel and related products through its own-brand operations, licensed manufacturing arrangements, and supply arrangements with a quick commerce platform. Its own-brand portfolio includes women’s ethnic and fusion wear sold under “Divena,” covering suit sets, kurtas, dresses, tops, tunics, kaftans, co-ord sets, sarees and bottom wear. The company also trades men’s wear under “Millennial Men” and selectively trades personal care and lifestyle products under "Cosse." It manufactures products under licensed arrangements for labels including Kalini, Corsica, Roadster, Anouk Rustic, All About You, Taavi, Navyaazri, Chandbaali, Baesd, ETC, Navibhu and Here & Now. The company operates from rented premises in Kartarpura Industrial Area, Jaipur, Rajasthan, where cutting, stitching, finishing, quality checks, and dispatch are undertaken. Fabric dyeing, printing, embroidery, and other value-added processes are carried out through third-party processors. Its products are sold through e-commerce marketplaces and its own-brand websites.