DOMS Industries IPO: Live Updates and Market Insights
In the dynamic world of stationery and art products, DOMS Industries IPO stands out as a global player, showcasing its diverse range under the flagship brand ‘DOMS’ across 45+ countries. Today, on December 19, the IPO listing of DOMS Industries IPO is eagerly awaited after the finalization of IPO allotment on December 19. The IPO listing is scheduled for 10:00 IST.
DOMS Industries IPO Overview
The DOMS Industries IPO subscription phase, which took place from December 13 to December 15, garnered exceptional investor interest, reaching a subscription level of 93.52 times by the end of day 3. The allocation structure includes 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Investors. Additionally, a ₹75 per equity share discount is offered to eligible employees participating in the DOMS Industries IPO.
Market Presence and Position
DOMS Industries IPO , recognized as the second-largest player in the Indian market for branded “stationery and art” products, holds a significant 12% market share by value, according to the Technopak Report for fiscal 2023.
IPO Fundraising Success
Through an anchor book process on December 12, DOMS Industries IPO successfully raised ₹537.7 crore. Fifty-five anchor investors, including prominent names like Goldman Sachs, Theleme India Master Fund, and Fidelity Funds, participated in the process.
Allocation Details
Out of the 68,06,961 equity shares allotted to anchor investors, 10 domestic mutual funds, through 27 schemes, will receive 25,95,960 equity shares, representing 38.14% of the total anchor investor allocation.
Expert Opinion
Avinash Gorakshakar, Head-Research at Profitmart Securities, expressed positivity regarding DOMS Industries IPO listing. Gorakshakar emphasized the company’s market leadership, extensive geographic reach, and strong fundamentals in the stationary segment.
Stay tuned for live updates on DOMS Industries IPO as it marks a significant milestone in the market, reflecting investor confidence in the brand’s future prospects.