DOMS IPO: Here are 10 things to know about upcoming public offer

As T+3 listing has become mandatory from 1st December 2023, DOMS Industries IPO will be the first mainboard IPO that is going to hit primary markets in this month.

Established in 2006, DOMS Industries Limited 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 Limited 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 for its core products, namely pencils and mathematical instrument boxes.

DOMS IPO GMP today

Market observers said that DOMS Industries IPO grey market premium (GMP) today is ₹481. They said that the bull trend on Dalal Street and overcrowded primary market could be the possible reason for such rise in grey market sentiments. 

Here are 10 important factors to know about DOMS IPO —

DOMS IPO issue date –  The public issue will open on 13th December 2023 and it will remain open till 15th December 2023. 

DOMS IPO share price – The price band of the IPO has been fixed at ₹750 to ₹790 per equity share of face value of ₹10. 

DOMS IPO size – It is a book built issue of ₹1,200.00 crores. The issue is a combination of fresh issue of 0.44 crore shares aggregating to ₹350.00 crores and offer for sale of 1.08 crore shares aggregating to ₹850.00 crores.

DOMS IPO reservation – Not less than 75% of the net issue is fixed for QIB, Not more than 10% of the net issue is booked for retail investors and Not more than 15% of the net issue is fixed for HNIs.

DOMS IPO promoter holding – The promoters of the company are Santosh Rasiklal Raveshia, Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani Chandni Vijay Somaiya and Fabbrica Italiana Lapised Affini.

DOMS IPO objective – The net proceeds of the fresh issue are proposed to be utilised in proposing to partly finance the cost of establishing a new manufacturing facility to expand its production capabilities for a wide range of writing instruments, watercolour pens, markers, and highlighters and general corporate purposes.

DOMS 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.

DOMS IPO listing date – The public offer is proposed for listing on BSE and NSE. Most likely DOMS IPO listing date is 20th December 2023.

DOMS IPO registrar – Link Intime India Private Ltd has been appointed as official registrar of the public issue.

DOMS IPO GMP – Shares of the company are available at a premium of ₹481 in grey market today, say market observers.

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Published: 07 Dec 2023, 10:16 PM IST