DOMS Industries IPO Live Updates: Gujarat-based DOMS Industries IPO opens for subscription on December 13, 2023, and closes on December 15, 2023. The Rs 1,200 crore public offer consists of a fresh issue of 44.3 lakh shares and an offer-for-sale of 1.07 crore shares.
The DOMS IPO price band has been fixed in the range of Rs 750 to Rs 790 per equity share with a face value of Rs 10. DOMS Industries IPO lot size is 18 equity shares.
DOMS Industries aims to generate Rs 1,200 crore through its initial stake sale, with shares priced between Rs 750 and Rs 790 each. Investors can submit bids for a minimum of 18 equity shares and multiples thereof. The bidding for the issue will conclude on Friday, December 13, 2023.
Here's the live status of DOMS IPO subscription rate, GMP price, review, analysis and other details
Dec 13 2023 16:35:00 (IST)
DOMS IPO Live Status
DOMS IPO, as of December 13, 2023, 4:20 PM, has garnered significant attention from investors, with an overall subscription rate of 5 times.
Dec 13 2023 16:22:17 (IST)
DOMS IPO listed in BSE and NSE
The shares of DOMS Industries are likely to be listed on the bourses on December 20. The stock will be traded on the bourses, BSE and NSE.
Dec 13 2023 14:47:42 (IST)
DOMS IPO Subscription Status: Day 1
DOMS IPO, as of December 13, 2023, 2:43:00 PM, has garnered significant attention from investors, with an overall subscription rate of 4.09 times.
Dec 13 2023 13:30:00 (IST)
DOMS Industries IPO subscribed 2.59 times
As of 12:45 PM IST, the subscription status for DOMS Industries IPO is 2.59 times.
Dec 13 2023 13:05:03 (IST)
DOMS IPO fully subscribed
As of 11:50 am, the public offering has reached a subscription level of 1.77 times. The retail category has shown remarkable demand, being oversubscribed by an impressive 7.01 times, while the Non-Institutional Investors (NII) portion has received bids that are 1.67 times its allocated quota.
Dec 13 2023 13:00:00 (IST)
DOMS IPO Risk
- The company relies on the FILA Group for crucial aspects of its business operations and export sales.
- The company's revenues are heavily dependent on its top products, emphasising a concentrated revenue stream.
- Significant competitive pressures pose challenges to the company within its industry.
- The company has faced losses in previous financial periods.
- Negative cash flows have been observed in preceding financial years.
- Operating in a fragmented industry, the company contends with the presence of unorganised players.
Dec 13 2023 12:09:37 (IST)
DOMS IPO subscription rate
At 11:06 AM, the public offering was oversubscribed by a factor of 1.09. The retail segment demonstrated strong interest with a subscription rate of 4.08, while the Non-Institutional Investor (NII) portion received bids 1.18 times its quota. Notably, there have been no bids from qualified institutional buyers at this point.
Dec 13 2023 11:50:37 (IST)
DOMS IPO Strengths
- 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.
Dec 13 2023 11:30:00 (IST)
DOMS Industries stakeholders
FILA is now a promoter entity along with the original promoter group. FILA own 51 per cent before the issue and will retain 31 per cent shareholding post-issue as well, following the OFS (offer for sale) led by FILA stake sale.
Dec 13 2023 11:20:06 (IST)
DOMS Industries Partner
DOMS partnered with FILA in 2012, which helped the company expand its presence in the global market with a focus on key American and European markets.
Dec 13 2023 10:57:38 (IST)
DOMS IPO Subscription Live status
The IPO of DOMS Industries has already been booked by 76% in just 2 hours of opening.
Dec 13 2023 10:50:17 (IST)
DOMS Industries IPO Minimum Investment
Retail investors need a minimum investment of Rs 13,500 (18 (Lot size) x 750 (lower price band)) for the DOMS IPO. At the upper end, the bidding amount will increase to Rs 14,220. Non-Institutional Investors (NII) are required to invest in minimum lot sizes, with 15 lots (270 shares) amounting to Rs 2,13,300, and for Qualified Institutional Buyers (QIB), the minimum lot size is 71 lots (1,278 shares), totaling Rs 10,09,620.
Dec 13 2023 10:30:00 (IST)
DOMS IPO Lot Size
Investors interested in the DOMS IPO are required to apply for a minimum lot size of 18 shares.
Dec 13 2023 10:20:00 (IST)
Current GMP of DOMS Industries IPO
As per market analysts, the current Grey Market Premium (GMP) of DOMS Industries is Rs 330 in the unlisted market.
Dec 13 2023 10:00:00 (IST)
Price band for DOMS Industries IPO
The price range for this public issue has been set at Rs 750-790. At the upper limit of this range, the company aims to raise Rs 1,200 crore. Investors have the option to bid for 18 shares in one lot, and thereafter, they can bid in multiples.
Dec 13 2023 09:40:29 (IST)
Objects of DOMS Industries IPO
The funds raised through the fresh issue are proposed to be utilised for the part funding of the cost of establishing a new manufacturing facility and for general corporate purposes.
The price band of this public issue is fixed at Rs 750-790, and at the upper end, the company plans to raise Rs 1,200 crore. Investors can bid for 18 shares in 1 lot and multiples thereafter.
Dec 13 2023 09:20:12 (IST)
Financial performance of DOMS Industries
The company's revenue from operations fell 41% year-on-year to Rs 403 crore in the financial year 2023. It had clocked a loss of Rs 6 crore in the same period as against a profit a year ago.
Dec 13 2023 09:00:00 (IST)
Structure of DOMS Industries IPO
The offer is being made through the book-building process, where 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
Dec 13 2023 08:40:04 (IST)
How to apply for DOMS IPO
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Dec 13 2023 08:20:00 (IST)
DOMS Industries Ltd. international presence
DOMS Industries Ltd currently operates in more than 40 countries, showcasing its global presence. The company offers a diverse range of high-quality stationery and art materials, spanning seven categories. These include scholastic stationery, scholastic art materials, paper stationery, stationery kits, office supplies, hobby craft, and fine art products.
Notably, DOMS Industries Ltd has a strategic partnership with the FILA group of Italy, which holds a stake in the company. This collaboration extends to an exclusive tie-up for the distribution and marketing of DOMS Industries' products in South Asia. The company has effectively established an international multi-channel distribution network that spans across the Americas, Africa, Asia Pacific, Europe, and the Middle East, solidifying its global reach and market presence.
DOMS IPO Timeline
DOMS IPO Timeline (Tentative Schedule)| 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 this is not financial advice. It is important to note that this is not an exhaustive list, and investors should do their research before making any investment decisions.
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