Doms IPO Allotment: The recent public offering from DOMS Industries, a company known for its pencils, successfully concluded on December 15, with an impressive 93.40 times subscription on the final bidding day. Institutional buyers showed strong interest, resulting in bids for a substantial 82,54,54,404 shares, surpassing the available 88,37,407 shares.
Among the investor categories, Qualified Institutional Buyers (QIBs) led the way with an exceptional subscription of 115.97 times, while Retail Individual Investors (RIIs) also actively participated, reaching a 69.10 times subscription. Non-institutional investors contributed significantly, with a subscription rate of 66.47 times.
The allotment of DOMS IPO shares is expected to be finalized on December 18, and trading is anticipated to commence on both BSE and NSE on December 20.
Remarkably, the IPO achieved full subscription within a few hours of its opening on December 13.
DOMS IPO Details
DOMS Industries recently went public, issuing new shares worth Rs 350 crore and putting up existing shares for sale at Rs 850 crore. The share price ranged between Rs 750 and Rs 790. Within hours of opening for bidding on Wednesday, the DOMS IPO was fully subscribed, ending the day with a substantial 5.71 times subscription rate.
Anchor investors played a significant role, contributing Rs 538 crore to DOMS Industries. The funds raised from the fresh issue will be allocated towards establishing a new manufacturing facility.
This expansion aims to enhance the company’s production capabilities, focusing on various writing instruments such as watercolor pens, markers, and highlighters. Additionally, the funds will be utilized for general corporate purposes.
The offer was managed by JM Financial, BNP Paribas, ICICI Securities Ltd, and IIFL Securities.
Also Check: Bank Holidays in December 2023, Bank will be Closed 18 Days
DOMS IPO GMP Today
Market experts note that DOMS Industries’ unlisted shares are presently being traded at a Rs 526 premium in the grey market, surpassing its initial issue price. This Rs 526 grey market premium (GMP) suggests an anticipated 66.58% gain when the stock goes public.
It’s important to understand that GMP fluctuates based on market sentiments and is a reflection of investors’ willingness to pay a higher price than the initial offering. In simpler terms, the grey market premium signifies the amount investors are willing to pay above the issued price.
DOMS IPO Allotment Date
DOMS IPO is set to commence on December 13, 2023, with the closing date scheduled for December 15, 2023. Check the dates in the table below.
| DOMS IPO Allotment Date | |
| Basis of Allotment Date | December 18, 2023 |
| Initiation of Refunds | December 19, 2023 |
| Credit of Shares to Demat Account | December 19, 2023 |
| IPO Listing Date | December 20, 2023 |
DOMS IPO Lot Size
Potential investors have the opportunity to bid for at least 18 shares, with the option to bid in multiples of 18. The table below illustrates the minimum and maximum investment amounts for both retail investors and high-net-worth individuals (HNI) in terms of shares and corresponding monetary values.
| DOMS IPO Lot Size | |||
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 18 | ₹14,220 |
| Retail (Max) | 14 | 252 | ₹199,080 |
| S-HNI (Min) | 15 | 270 | ₹213,300 |
| S-HNI (Max) | 70 | 1,260 | ₹995,400 |
| B-HNI (Min) | 71 | 1,278 | ₹1,009,620 |
DOMS IPO Objectives
The funds generated from the Fresh Issue, which refers to the total proceeds minus the allocated offer expenses, will be used as follows:
- Contributing to the funding of a new manufacturing facility to enhance production capacity for various writing instruments, watercolor pens, markers, and highlighters.
- Meeting general corporate needs.
Read More Business Related Article
DOMS IPO FAQs
Q.1. When did DOMS IPO conclude, and what was the subscription rate?
Ans. DOMS IPO concluded on December 15 with a remarkable 93.40 times subscription.
Q.2. Which investor categories showed strong interest in DOMS IPO?
Ans. Qualified Institutional Buyers (QIBs) led with a subscription of 115.97 times, followed by Retail Individual Investors (RIIs) at 69.10 times, and non-institutional investors at 66.47 times.
Q.3. When will the DOMS IPO shares be allotted and commence trading?
Ans. The allotment is expected on December 18, and trading is set to begin on both BSE and NSE on December 20.
Q.4. What was the IPO price range, and how quickly did it get fully subscribed?
Ans. The IPO price ranged between Rs 750 and Rs 790. Remarkably, it achieved full subscription within hours of opening on December 13.
Q.5. What is the grey market premium (GMP) for DOMS IPO?
Ans. DOMS Industries’ unlisted shares are currently trading at a Rs 526 premium in the grey market, indicating a potential 66.58% gain upon listing.
