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

DOMS IPO: The initial public offering (IPO) of DOMS Industries Limited will take place on December 13, 2023 in the Indian primary market. The value of the public issue ₹1200 crore will remain open for bidders till December 15, 2023. This means that the public offering will open on Wednesday next week and will remain open until Friday next week. The company has not yet announced the price range for DOM's IPO, but after announcing the subscription date for DOM's IPO, the company's shares have started trading on the gray market. According to market watchers, shares of DOMS Industries Limited are available at a premium of ₹195 on the gray market today.

With the T+3 listing mandatory from December 1, 2023, the DOMS Industries IPO will be the first motherboard IPO to hit primary markets this month.

DOMS IPO GMP today

Market watchers said DOMS Industries' IPO today has a gray market premium (GMP). ₹195, that is ₹25 higher than yesterday's GMP of ₹170. They said that the uptrend on Dalal Street and the crowded primary market could be the possible reason for such a rise in gray market sentiment. They said that the Nifty 50 index and other benchmark indices have touched new highs in the last few sessions, triggering positive sentiment in the unlisted stock market too. They said that once the DOMS IPO price range is announced, further upside in the DOMS IPO GMP can be expected provided the stock market sentiment remains positive at that time.

Important details about the DOMS Industries IPO

1] DOMS Industries IPO GMP: Shares in the company are available at a premium of ₹195 in the gray market today, say market watchers.

2]DOMS IPO Date: The public edition opens on December 13, 2023 and will remain open until December 15, 2023. However, an official notification on BSE and NSE is still awaited.

3] DOMS IPO size: The company's goal is to increase ₹1200 crore from this public offer. Of these ₹1200 crore, ₹350 crore will come from issuing new shares and the rest ₹850 crore will be reserved for the offer-for-sale (OFS) route.

4]DOMS Industries IPO Allotment Date: Since this will be the first mainboard IPO opening with mandatory T+3 listing rules, the allotment date for DOMS Industries' IPO is most likely December 18, 2023 as December 16 and 17 will be a weekend and a company , which offers its shares on the primary market, typically does not announce share allocations on weekends.

5]DOMS Industries IPO Registrar: Link Intime India Private Ltd has been appointed as the official registrar of the public issue.

6]DOMS Industries Listing Date: The public offer is proposed for listing on the BSE and NSE. The most likely date for DOMS's listing is December 20, 2023.

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