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DOMS Industries is poised to reveal the basis of allotment for its recently concluded IPO on Monday, December 18. Investors who participated in the IPO may receive notifications for fund debits or mandate revocations by Tuesday, December 19. The primary offering of the stationery and art products player garnered significant attention from investors.
Key IPO Details
The IPO, held from December 13 to December 15, featured a price band of Rs 750-790 per share, with a lot size of 18 shares. DOMS Industries aimed to raise around Rs 1,200 crore, including a fresh share sale of Rs 350 crore and an offer-for-sale (OFS) of up to 10,759,493 equity shares.
Massive Subscription Numbers
The IPO received overwhelming demand, with an overall subscription of 93.52 times. Qualified institutional bidders (QIBs) dominated the bidding, subscribing 115.97 times. Non-institutional investors’ category was subscribed 66.51 times, while retail investors and employees’ quotas were subscribed 69.67 times and 29.21 times, respectively.
Grey Market Premium and Listing Expectations
The grey market premium (GMP) for DOMS Industries witnessed a healthy surge, reaching Rs 540-550 per share, indicating a potential listing pop of around 70%. This is a significant increase from the Rs 490-500 range before the IPO bidding commenced.
Company Overview
Established in 2006, DOMS Industries holds a prominent position in the stationery and art product sector. Operating under the flagship brand ‘DOMS,’ the company is involved in the conception, production, and distribution of a diverse range of items.
Global Footprint and Positive Brokerage Sentiments
DOMS Industries has cultivated a global footprint, reaching over 40 countries. Brokerage firms expressed positivity towards the IPO, citing the company’s strong market share, growth potential, increasing demand for branded stationery products, and a robust distribution network.
Key Players in the IPO Process
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. The listing of DOMS Industries shares is expected on both BSE and NSE, tentatively scheduled for December 20, Wednesday.
Allotment Status Check
Investors eagerly awaiting the IPO allotment status can check it on the BSE website’s IPO application check page. Simply select ‘DOMS Industries Limited’ in the dropbox under the issue type, input the application number and PAN card details, and follow the verification steps.
Alternatively, the allotment status can be verified through the online portal of Link Intime India, the registrar to the issue. By selecting the IPO of DOMS Industries in the dropbox, investors can enter PAN Card number, Application Number, or DP Client ID to check the allotment status. Hit ‘search’ to retrieve the information for your application.
As the IPO process unfolds, investors are keenly anticipating the listing and subsequent market performance of DOMS Industries, reflecting the dynamic landscape of the stationery and art product sector.
Disclaimer: “Know in brief” provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.