Investors eagerly await the basis of allotment for DOMS Industries’ highly anticipated IPO after the successful bidding process that took place from December 13 to December 15. The stationery and art product giant, with a global presence in over 40 countries, is set to make waves with its listing on December 20.
Table of Contents
Key Details of DOMS IPO:
- IPO Timeline:
- Open for bidding: December 13 to December 15
- Lot size: 18 shares
- Price band: Rs 750-790 per share
- Funds Raised:
- Target: Rs 1,200 crore
- Fresh share sale: Rs 350 crore
- Offer-for-sale (OFS): Up to 10,759,493 equity shares
- Subscription Figures:
- Overall subscription: 93.52 times
- QIB subscription: 115.97 times
- Non-institutional investors’ category: 66.51 times
- Retail investors’ quota: 69.67 times
- Employees’ quota: 29.21 times
Basis of Allotment and Grey Market Premium (GMP):
DOMS Industries is set to announce the basis of allotment on Monday, December 18. The IPO garnered significant interest, evident from its robust subscription numbers across various investor categories. The grey market premium (GMP) for DOMS Industries witnessed a surge, reaching Rs 520-530 per share, indicating a potential listing pop of 65-67%.
About DOMS Industries:
Incorporated in 2006, DOMS Industries has established itself as a key player in the stationery and art product sector. The company specializes in the conceptualization, development, production, and commerce of a diverse array of items under its flagship brand ‘DOMS’. With a global footprint extending to more than 40 countries, DOMS Industries is recognized for its quality products and innovative solutions.
Brokerage Recommendations:
Brokerage firms, evaluating the potential of DOMS Industries, have expressed positivity, citing factors such as market share, growth potential, increasing demand for branded stationery products, and a robust distribution network. Notable book running lead managers for the IPO include JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities, with Link Intime India serving as the registrar to the issue.
Allotment Status and Listing Date:
Investors who participated in the DOMS Industries IPO can check the allotment status on the BSE website’s IPO application check page. Alternatively, the online portal of Link Intime India, the registrar to the issue, provides a convenient option to check the allotment status. Investors need to select DOMS Industries IPO, enter the PAN Card number, Application Number, or DP Client ID, and hit ‘search’ to retrieve the allotment status for their application.
The eagerly awaited listing of DOMS Industries is scheduled for December 20, with shares set to trade on both BSE and NSE. Investors and market enthusiasts are keenly observing the developments, anticipating a successful debut for the stationery giant in the stock market.
Explore for additional breaking news, including entertainment updates, and stay informed with the latest headlines from India and around the globe on latestnewsera.com
