Highlights

  • DOMS industries stock opens at Rs 1,400
  • DOMS industries raise Rs 1,200 crore from IPO
  • Rs 538 crore worth of shares in the company bought via anchor book

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IPO 2023: DOMS industries listed at a premium of more than 77% over IPO price

The stationary and arts product manufacturer - DOMS industries raised Rs 1,200 crore from the public issue and was listed at a 77.2% premium price of Rs 1,400 at the market

IPO 2023: DOMS industries listed at a premium of more than 77% over IPO price

DOMS industries is listed at a premium price of 77.2% over its IPO price on the back of strong subscription numbers and robust market momentum. The stock opened at Rs 1400 on the NSE and BSE against the issue price of Rs 790. This share price is in line with the analyst expectations.

DOMS industries IPO

The stationary and arts product manufacturer raised Rs 1,200 crore from the public issue. The offering was subscribed 93.52 times with investors buying 82.64 crore shares against an IPO size of 88.37 lakh.

Retail investors have bought 69.65 times the allotted quota of the IPO which was followed by high net-worth individuals who picked up 66.51 times their reserved portion. Qualified Institutional buyers subscribed the IPO 115.97 times.

Also Read: E-commerce platform FirstCry to file draft papers to raise over $500 million via IPO: Report

Rs 538 crore worth of shares in the company through anchor book was bought on December 12. The buyers are institutional investors including Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs, SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Trustee, Axis Mutual Fund, and ICICI Prudential Life Insurance Company.

Most analysts also have a positive outlook on the firm that has about 70% of its business from scholastic stationery and art material segments. This due to the company's commitment towards product quality, innovation and pricing strategy in the segment with a high-growth target audience.


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