DOMS Industries IPO LIVE Updates: Check Subscription Status And GMP Price Today
DOMS Industries IPO LIVE Updates: DOMS Industries IPO was fully booked on the first day of the bidding process. On the first day of issue, DOMS IPO was booked 5.12 times so far amid strong demand from retail investors.
In the grey market, the DOMS Industries IPO shares are being traded at a substantial premium of Rs 505. The initial public offering (IPO) was priced within the range of Rs 750-790 per share. Investors have the option to bid for 18 shares in one lot and can bid in multiples thereafter.
Stay tuned for real-time updates on the DOMS IPO as the second day unfolds. We'll keep you informed with the latest developments and live information related to the subscription, DOMS IPO GMP, market trends, and other crucial details. Don't miss out on the DOMS IPO LIVE updates as the IPO progresses on its second day.
DOMS IPO Timeline
| DOMS IPO Open | December 13, 2023 |
|---|---|
| DOMS IPO Close | December 15, 2023 |
| Min. Investment | Rs 13,500 to Rs 14,200 |
| Max. Investment | Rs 4,97,700/- |
| DOMS IPO Band Size | Rs 750-Rs 790/- |
| DOMS IPO 1 Lot Size | 18 Shares |
| DOMS IPO Allotment Date | December 18, 2023 |
| DOMS IPO Listing Date | December 20, 2023 |
Is it good to buy Doms Industries IPO?
As per reports, DOMS Industries is valuing at P/E of 46 times, EV/EBITDA 15.33 times with a market cap of Rs 4,793.7 crore post issue of equity shares. Hence, it's believed that valuations of the company are fairly priced and recommend a 'subscribe for long term' rating to the IPO.
What will be the listing price of the DOMS IPO?
The listing price of DOMS IPO has been fixed in the range of Rs 750 to Rs 790 per equity share with a face value of Rs 10.
Disclaimer: I am not a financial advisor and?I advise users to consult with certified financial experts before making any investment decisions.
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DOMS Industries IPO subscribed 10.4 times on Day 2 so far. DOMS IPO subscribed 10.4 times on Day 2 so far. The public issue was oversubscribed over 5.72 times at the end of the first day of bidding.
- DOMS Industries holds a prominent position in the Indian 'stationery and art material' industry, propelled by a diverse range of products that contribute to its rapid business growth.
- The company benefits from a strong brand recall, attributed to its commitment to delivering high-quality, innovative, and differentiated products.
- DOMS Industries boasts a resilient multi-channel distribution network with a PAN-India presence, ensuring widespread accessibility for its products.
- The strategic partnership with F.I.L.A. not only provides access to global markets but also facilitates the exchange of product know-how, enhancing the company's competitive edge.
As per market observers, DOMS Indutries＊ grey market premium (GMP) surged to 63 per cent over the IPO price to Rs 500 on December 14.
- Promoters: 65.01%
- Promoters Group: 9.95%
- Public-Others: 25.03%
- Promoters: 89.26%
- Promoters Group: 10.74%
- Public-Others: 0.00%
DOMS Industries IPO was booked 8.017 times so far amid strong demand from retail investors. The retail individual investors' category was subscribed 26.38 times. The non-institutional investors' quota was booked at 11.86 times, while qualified institutional buyers received 0.07 times bids.
DOMS Industries IPO was booked 6.082 times so far amid strong demand from retail investors. The retail individual investors' category was subscribed 20.22 times. The non-institutional investors' quota was booked at 8.38 times, while qualified institutional buyers received 0.06 times bids.
As per market observers, unlisted shares of DOMS Industries are still trading Rs 505 higher in the grey market compared to its issue price.
The DOMS IPO is expected to be listed on both BSE and NSE on December 20, with the share allotment likely to be finalised on December 18.
The DOMS IPO will be open for public subscription until Friday, December 15.
Analysts have advised investors to 'Subscribe' to the issue, citing the company's reasonable valuations and well-established distribution network. This strength is anticipated to contribute to sustainable growth in the long run.
DOMS Industries Ltd., a manufacturer of pencils, commenced its initial public offering (IPO) on Wednesday, with a total value of Rs 1,200 crore.
The IPO has been subscribed 5.72 times, as of 5 p.m. on Wednesday.
- Institutional investors: 0.06 times
- Non-institutional investors: 7.96 times
- Retail investors: 19.16 times
- Employee Reserved: 9.26 times
