DOMS Industries IPO Day 3 Live: Check latest GMP, subscription status on the last day
DOMS Industries IPO Day 3 Live: DOMS Industries IPO was subscribed 16.44 times on the second day of issue. Retail investors stole the show on the second day as well as the portion reserved for them was booked 44.71 times, while the portion reserved for non-institutional investors (NIIs) was booked 27.38 times.
The portion reserved for Qualified Institutional Buyers (QIBs) was booked 1.24 times by the end of the second day.
DOMS Industries IPO was subscribed 5.72 times on day 1. Retail investors responded incredibly well to the DOMS IPO within few minutes of it being available for subscription, and the portion that was fully booked.
On day 1, DOMS IPO’s retail investors portion was subscribed 19.16 times, NII portion was subscribed 7.96 times, and Qualified Institutional Buyers (QIB) portion is booked 6%. Employee portion has been subscribed 9.26 times.
DOMS designs, develops, produces, and markets a broad variety of stationery and art products under flagship brand – “DOMS”. According to the Technopak Report, DOMS Industries is the second-biggest player in the Indian market for branded “stationery and art” products, holding a market share of about 12% by value as of fiscal 2023.
DOMS Industries IPO price band has been set in the range of ₹750 to ₹790 per equity share of face value of ₹10. The lot size is 18 equity shares and in multiples of 18 equity shares thereafter.
DOMS Industries IPO comprises a fresh issue of shares of up to ₹350 crore and an offer for sale (OFS) of equity shares by a promoter and others aggregating up to ₹850 crore.
DOMS IPO Live Updates: Here’s what GMP trends indicate ahead of the issue opening on day 3
DOMS IPO GMP today or grey market premium is +530. This indicates DOMS share price were trading at a premium of ₹530 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of DOMS share price is ₹1,320 apiece, which is 67.09% higher than the IPO price of ₹790.
Based on last 14 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹530, as per investorgain.com analysts.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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