The Two-day subscription window ends on Friday, December 15. Following the launch of the IPO, DOMS shares are witnessing a huge demand in the grey market as they are commanding a strong premium or GMP hinting at a stellar listing gain for investors.
DOMS IPO Allotment Date, Link
The allotment of DOMS shares is likely to be finalised on or before December 19. The allotment status will be released online on the official website of the registrar — Link Intime India Private Ltd. Besides, the allotment status will also be made available on the BSE website.
DOMS Share Listing Date, Time
The equity shares of DOMS Industries are proposed to be listed on NSE and BSE. The company’s shares will likely be listed on December 20. The listing will take place at 10 AM. Trading in DOMS shares will start thereafter.
DOMS Industries IPO Subscription Day 1
At the end of day 1, DOMS IPO was subscribed 5.71 times. The Retail Individual Investors (RII) portion was subscribed 19.13 times, Non-Institutional Investors (NII) portion was subscribed 7.95 times and Qualified Institutional Buyers (QIB) was booked 0.06 times, respectively.
DOMS Industries IPO Price Band, Lot Size
DOMS Industries has fixed the price band of the issue in the range of Rs 750 – Rs 790. At the upper end, the company plans to raise Rs 1,200 crore. The face value of each share is Rs 10 and investors can bid for 18 shares in one lot and multiples thereafter.
DOMS IPO Details
DOMS IPO comprises a fresh equity issue worth Rs 350 crore with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.
About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
Net proceeds will be utilized for the part funding of the cost of establishing a new manufacturing facility and for general corporate purposes.
JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities are the bankers for the issue.
About DOMS Industries
DOMS Industries is the second largest in India’s branded ‘stationery and art’ products market, with a market share of 12% by value, as of FY23. It designs, develops, manufactures, and sells a wide range of ‘stationery and art’ products, primarily under its flagship brand ‘Doms’, in the domestic market as well as in over 40 countries internationally.
In the financial year 2023, the company’s revenue from operations fell 41% year-on-year (YoY) to Rs 403 crore. It had clocked a loss of Rs 6 crore in the same period against a profit a year ago.
