Doms IPO: Doms Industries is known for its quality stationery products. The company is going to launch the IPO soon. We will discuss the GMP price along with the other IPO details of Doms. The company has a revenue of Rs. 12,118.90 million in 2023. The response before the launch is said to be fabulous. The price band range of the shares will be Rs. 750 to Rs. 790 per share. It will be listed on both BSE and NSE in mid-December 2023. Let us explore more about the IPO and GMP prices.
Doms IPO Details, Price Band, Allotment And Listing
Doms Industries provides stationery products like pencils, erasers, sharpeners, and scales. The company is known for its quality products at an affordable price. Doms Industries IPO will open on 13 December 2023 and close on 15 December 2023. The company will list officially on 20 December 2023 with a price band between Rs. 750 and Rs. 790 per share. Doms will raise Rs. 1200 crores from IPO. The shares will be allotted on 18 December 2023 to all successful applicants. The refunding process will start on 19 December 2023. It will be a book-built issue IPO. There will be both offers for sale and fresh equity shares. The 1200 crore funding will be divided into an Offer for Sale of Rs. 850 crores and Fresh Equity shares of Rs. 350 crores.
Doms Industries Limited GMP Today
Doms Industries Ltd. had a GMP of Rs. 200 on 4 December 2023. It increased in the last four days by reaching Rs. 335 on 5 December 2023. It reached Rs. 410 on 6 December 2023. The GMP today is Rs. 410. It continues from 5 days before the IPO launch to the end of the listing date. The shares are open to four categories of investors. They are employees with 0.42%, QIB with 74.69%, NII with 14.94%, and Retails with 9.96%. The total share allocated is 1,51,89,873.
Doms Industries Ltd. has a net profit of Rs. 10287 crores. The revenue for FY 2023 was 1,216.52 crores. The employees of the company will get 0.42% of the shares worth Rs. 5 crores. They will offer a discount on the shares to employees at Rs. 75 per share. Fabbrica Italiana Lapis Ed Affini SPA, Sanjay Manusukhal Rajni, and Ketan Manusukhal Rajani will provide OFS worth Rs. 850 crores. They are the promoters of the company. We will provide details about Doms Industries’ performance after its listing on the market. The company will be using the funds raised to set up manufacturing units to expand further.