DOMS IPO: From price band to GMP, here are some things to know about upcoming public offer
DOMS IPO: The initial public offering (IPO) of DOMS Industries Limited is going to hit primary market on 13th December 2023 i.e. on Wednesday next week. As per the DOMS IPO date of subscription, the public issue will open on 13th December 2023 and it will remain open for bidding till 15th December 2023. The pencil maker ompany has fixed DOMS IPO price and at ₹750 to ₹790 per equity share. The stationary company aims to raise ₹1200 crore from its initial offer.
Important DOMS IPO details
1] DOMS IPO GMP: Shares of the company are available at a premium of ₹470 in grey market today, say market observers.
2] DOMS IPO date: The public issue will open on 13th December 2023 and it will remain open till 15th December 2023. However, an official notification on BSE and NSE is still awaited.
3] DOMS IPO size: The company aims to raise ₹1200 crore from this public offer. Out of these ₹1200 crore, ₹350 crore is aimed from issuance of fresh shares whereas the rest ₹850 crore will be reserved for the offer for sale (OFS) route.
4] DOMS IPO price: The company has fixed price band of its public offer at ₹750 to ₹790 per equity share.
5] DOMS Industries IPO allotment date: As this will be the first mainboard IPO opening with mandatory T+3 listing rules, DOMS Industries IPO allotment date is most likely on 18th December 2023 as 16th and 17th December will be weekend and normally a company offering its shares in primary market don’t announce share allocation on weekends.
6] DOMS Industries IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the public issue.
7] DOMS Industries IPO listing: The public offer is proposed for listing on BSE and NSE.
8] DOMS Industries IPO listing date: Most likely DOMS IPO listing date is 20th December 2023.
The initial public offering of DOMS Industries Limited will open for bidding on December 13, 2023 and close on December 15, 2023.
As T+3 listing has become mandatory from December 1, 2023, DOMS Industries IPO will be the first mainboard IPO to hit the primary market this month.
Established in 2006, DOMS Industries operates as a prominent player in the stationery and art product sector. The company is actively involved in the design, development, manufacturing, and sales of an extensive range of products under its flagship brand, DOMS.
As of March 31, 2023, DOMS Industries has successfully expanded its reach to encompass over 40 countries. In the fiscal year 2023, the company achieved a substantial market presence, boasting a 29% and 30% market share, respectively for its core products, namely pencils and mathematical instrument boxes.
DOMS IPO GMP today
Market observers said DOMS Industries IPO grey market premium (GMP) today is ₹481. They said that the bull trend on Dalal Street and the overcrowded primary market could be the possible reason for the rise in grey market sentiments.
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DOMS IPO Review (Apply)
DIL is the fastest growing 2nd largest leader in stationary and related material products. It has marked tremendous growth since FY23 and that indicates its prospects going forward. It is on an expansion spree to enhance its product range as well as capacity to meet the rising demand. Based on FY24 earnings, the issue appears fully priced. Investors may consider parking of funds for the medium to long term in this emerging leader in the segment.
