, marking a significant milestone for the stationery and art){kind=link}
DOMS Industries recently concluded its Initial Public Offering (IPO), marking a significant milestone for the stationery and art products player. The IPO, which ran from December 13 to December 15, boasted an issue size of Rs 1,200 crore and a fixed price band of Rs 750-790 per share, with a lot size of 18 shares.
Investors displayed an overwhelming interest in the IPO, resulting in an impressive overall subscription of 93.52 times. This remarkable response can be attributed to the substantial participation from qualified institutional bidders (QIBs), whose quota was oversubscribed by a staggering 115.97 times. Non-institutional investors also showed strong interest, with a subscription rate of 66.51 times.
The retail investors’ category witnessed robust participation as well, with a subscription rate of 69.67 times, reflecting the widespread enthusiasm among individual investors. Additionally, employees demonstrated their confidence in the company, subscribing to the IPO 29.21 times.
The primary objective of DOMS Industries was to raise approximately Rs 1,200 crore through its IPO, which included a fresh share sale of Rs 350 crore and an offer-for-sale (OFS) of up to 10,759,493 equity shares. The lot size of 18 shares allowed investors of varying capacities to participate in the offering.
About DOMS:
Investors who eagerly participated in the IPO are now awaiting the basis of allotment, expected to be announced today, Monday, December 18. The company is anticipated to initiate the debit of funds or revocation of mandates by Tuesday, December 19, providing applicants with timely updates on the status of their allocations.
The IPO journey of DOMS Industries has not only attracted attention for its robust subscription figures but also for its well-defined pricing strategy. The price band of Rs 750-790 per share allowed investors to make informed decisions, contributing to the overall success of the offering.
As the market eagerly awaits the listing of DOMS Industries on December 20, the company’s performance post-listing will be closely monitored. The significant oversubscription indicates a high level of investor confidence in the prospects of the stationery and art products sector, as well as in the specific growth trajectory outlined by DOMS Industries.
DOMS Industries’ IPO has emerged as a standout event in the recent IPO landscape, reflecting positive sentiments and strong investor demand. The successful subscription and upcoming listing signify a promising chapter for the company as it transitions into the public markets.