DOMS Industries IPO: Check the latest GMP and other offering details ahead of the issue opening on December 13th

The DOMS Industries IPO will open for subscription on Wednesday, December 13th and close on Friday, December 15th. The DOMS IPO date for allotment to anchor investors is scheduled for Tuesday, December 12. The price range for the IPO of DOMS has been set the range of ₹750 tonnes ₹790 per share with a par value of ₹10. The lot size of the DOMS IPO is 18 shares and thereafter a multiple of 18 shares.

The principal activities of DOMS Industries Limited, a manufacturer of stationery and art products, are designing, developing, producing and marketing a wide range of these goods under the DOMS brand. The company will be present in more than 40 countries as of March 31, 2023. For its main products, pencils and mathematical instrument sets, the company held a market share of 29% and 30%, respectively, in fiscal 2023.

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Reports and market participants claim that DOMS Industries shares were already trading on the gray market before the price range was set.

Also Read: DOMS IPO Announces Price Range ₹750-790 per share: GMP, issue details, more…

Let's look at what today's IPO of DOMS Industries GMP or DOMS Industries' gray market premium signals before the opening of the subscription.

DOMS Industries IPO GMP today

DOMS IPO GMP today or DOMS Industries gray market premium is +385. This suggests that the DOMS stock price was trading at a premium of ₹385 on the gray market, according to investorgain.com.

Taking into account the upper end of the IPO price range and the current gray market premium, the estimated listing price of DOMS stock is ₹1,175 per piece which is 48.73% higher than the IPO price of ₹790.

Based on the gray market activity of the last 8 sessions, IPO GMP is trending upwards today and expects a strong listing. The lowest GMP is ₹0, while the highest is GMP ₹481, according to analysts at investorgain.com.

“Gray market premium” indicates investors’ willingness to pay more than the issue price.

Also Read: DOMS IPO: GMP rises as issue opens next week. Date, price and other details about the upcoming IPO

Details about the DOMS Industries IPO

The DOMS Industries IPO includes a new issue of shares valued at up to ₹350 crore and an Offer for Sale (OFS) of shares of face value ₹10 each from a promoter and others joining together ₹850 crore. The size of DOMS Industries' IPO issue is ₹1,200 crore.

The net proceeds from the new offering will be used, in part, for general corporate purposes and the cost of constructing a new manufacturing facility to increase production capacity for a variety of writing instruments, watercolor pencils, markers and highlighters.

The Book Running Lead Managers (BRLM) of the DOMS IPO are JM Financial Limited, BNP Paribas, ICICI Securities Limited and IIfl Securities Ltd. The registrar of the DOMS IPO is Link Intime India Private Ltd.

Also Read: DOMS IPO: GMP rises as issue opens next week. Date, price and other details about the upcoming IPO

Valuation of DOMS Industries IPO

“DOMS Industries is the fastest growing second-largest market leader in stationary and related materials products. It has witnessed tremendous growth since FY23 and that shows what prospects it has going forward. The company is on an expansion drive to expand its product range and capacity to meet increasing demand. Based on FY24 results, the issue appears to be fully priced in. “Investors may consider parking funds with this emerging leader in the segment for the medium to long term,” said Dilip Davda, Editor, Chittorgarh.

Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend investors consult certified experts before making an investment decision.

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