DOMS Share Price Live Updates: The Street’s looking forward to DOMS Industries IPO listing today. DOMS IPO allotment was finalised on Tuesday, December 19. DOMS Industries IPO listing time is scheduled at 10:00 IST, on the bourses today.
DOMS Industries IPO opened for subscription on Wednesday, December 13, and closed on Friday, December 15. DOMS IPO received stellar response from investor and was subscribed 93.52 times at the end of day 3.
DOMS Industries IPO reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors. A discount of ₹75 per equity share is being offered to eligible employees biding in the employee reservation portion.
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.
20 Dec 2023, 07:31:12 AM IST
DOMS Share Price live: Here’s all you need to know about DOMS Industries IPO issue
DOMS Industries IPO comprises a fresh issue of shares of up to ₹350 crore and an offer for sale (OFS) of equity shares with face value of Rs10 each by a promoter and others aggregating up to ₹850 crore. DOMS Industries IPO issue size is ₹1,200 crore.
The net proceeds from the new issue will be used, in part, to pay for general corporate purposes and the cost of building a new manufacturing facility to increase production capacity for a variety of writing instruments, watercolour pens, markers and highlighters.
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Aniket Pujari is a passionate finance and technology enthusiast with a strong academic background in Financial Markets. Since 2015, he has been deeply immersed in the world of cryptocurrencies, blockchain technology, and global financial systems, building a wealth of knowledge and expertise in these rapidly evolving fields.
