Stationery Company DOMS Industries To Launch ₹1,200 Crore IPO
DOMS Industries Limited, a renowned company in the stationery and art products industry, has announced its Initial Public Offering (IPO). Scheduled to open on December 13, 2023, this IPO is an important step for the company, valued at a whopping Rs 1,200.00 crores.
The fresh issue part of the IPO involves 0.44 crore shares, amounting to Rs 350.00 crores. The offer for sale consists of 1.08 crore shares, totaling Rs 850.00 crores. This blend provides a diverse investment opportunity for potential investors.
The IPO subscription period for the DOMS IPO is set from December 13 to December 15, 2023. After this, the allotment of shares is expected to be finalized by December 18, 2023. This process is crucial as it determines who gets to own a part of the company.
For those interested in where the company will be listed, it’s planned to be on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The tentative date for this listing is December 20, 2023.
The price range for investing in this IPO is between Rs 750 to Rs 790 per share. There are different minimum investment requirements based on the type of investor – retail, small non-institutional, or big non-institutional.
An interesting aspect to note is the IPO’s Grey Market Premium (GMP), which was in the range of Rs 470-480. This GMP gives an early indication of how the IPO might perform in the market.
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The funds raised from this IPO are earmarked for the expansion of the company. This includes setting up a new manufacturing facility to increase the production of various stationery products like writing instruments, watercolor pens, markers, and highlighters.
DOMS Industries, established in 2006, has made a significant mark globally, with a presence in over 40 countries. This IPO marks a new chapter in the company’s growth story, potentially enhancing its capabilities and market reach.
