Investors eagerly await the DOMS Industries IPO allotment announcement on Monday, December 18. The IPO, open from December 13 to December 15, attracted significant interest with a Rs 1,200 crore issue size and a fixed price band of Rs 750-790 per share.
Basis of Allotment Declaration
DOMS Industries is set to disclose its basis of allotment today, marking a crucial step in the IPO process. Applicants should be on the lookout for emails or messages indicating the debit of funds or the revocation of mandates by Tuesday, December 19.
Strong Investor Response
The primary offering of the stationery and art products giant witnessed a remarkable response from investors. The IPO, featuring a lot size of 18 shares, aimed to raise funds through a fresh share sale of Rs 350 crore and an offer-for-sale (OFS) of up to 10,759,493 equity shares.
Oversubscription Highlights
The IPO saw a remarkable oversubscription of 93.52 times, driven by strong bids from qualified institutional bidders (QIBs) whose quota was oversubscribed by 115.97 times. Non-institutional investors subscribed 66.51 times, while retail investors and employees’ categories saw subscriptions of 69.67 times and 29.21 times, respectively.
Grey Market Premium (GMP) Surge
The Grey Market Premium (GMP) for DOMS Industries experienced a significant surge, reaching Rs 540-550 per share. This surge suggests a potential listing pop of around 70%, a considerable increase from the initial GMP of Rs 490-500 before the bidding commenced.
Related Blogs
DOMS Industries Overview
Founded in 2006, DOMS Industries is a prominent player in the stationery and art product sector. Operating globally in over 40 countries, the company specializes in the conception, advancement, production, and commerce of a diverse array of items under the flagship brand name ‘DOMS.’
Also Read: India Real Estate Hits and Misses in 2023
Positive Brokerage Recommendations
Brokerage firms, including JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities, expressed optimism about DOMS Industries. They highlighted its strong market share, growth potential, increasing demand for branded stationery products, and a robust distribution network.
Book Running Lead Managers and Listing Date
JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities oversee the DOMS Industries IPO as the book-running lead managers, with Link Intime India appointed as the registrar for the offering. The company will list its shares on both BSE and NSE on Wednesday, December 20.
Check Your Allotment Status
Investors can check the allotment status on the BSE website’s IPO application check page. Select ‘Flair Writing Industries Limited’ under the issue type, enter the application number and PAN card number, and complete the ‘I am not a Robot’ verification before submitting.
Alternatively, the allotment status can be verified on the online portal of Link Intime India, the registrar of the issue. Select the IPO of DOMS Industries, enter the PAN Card number, Application Number, or DP Client ID, and hit ‘search’ to obtain the allotment status for your application. Don’t miss out on this exciting update on DOMS Industries IPO.
Frequently Asked Questions (FAQ’s)
Ans: DOMS Industries is expected to declare the basis of allotment on Monday, December 18.
Ans: The issue size was Rs 1,200 crore.
Ans: the fixed price band for shares was Rs 750-790.
