DOMS IPO Next Week: DOMS Industries, the second largest pencil-maker and writing instruments player in the Rs 38,000-crore stationery products market, has fixed the price band for its upcoming initial public offering at Rs 750-790 per share. The IPO, which will be opened for public subscription between December 13 and December 15, is getting an overwhelming response in the grey market before its launch.
The Rs 1,200-crore IPO of the Umbergaon-based firm comprises a fresh issue of Rs 350 crore and an offer for sale (OFS) of Rs 850 crore.
The DOMS IPO will likely be listed on both BSE and NSE on December 18, while the share allotment might be finalised on December 16.
DOMS Industries IPO GMP Today
According to market observers, unlisted shares of DOMS Industries are currently trading a whopping Rs 400 higher in the grey market as compared with its issue price. The Rs 400 grey market premium or GMP means the grey market is expecting a 50.63 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
DOMS Industries IPO Lot Size, Minimum Investment
The price band of the IPO has been fixed at Rs 750 to Rs 790 per share. For investors, the minimum lot size to apply for the IPO is 18 shares. The minimum amount of investment required by retail investors is Rs 14,220. The minimum lot size investment for NII is 15 lots (270 shares), amounting to Rs 2,13,300, and for NII, it is 71 lots (1,278 shares), amounting to Rs 10,09,620.
DOMS Industries IPO Other Details
The issue will see its Italian partner Fila (Fabbrica Italiana Lapis ed Affini), which owns 51 per cent in the firm with an investment of about Rs 300 crore since 2012, selling its stake for about Rs 800 crore.
The promoter family, led by Santosh Rasiklal Raveshia (managing director), Ketan Mansukhlal Rajani (director), Sanjay Mansukhlal Rajani, and Chandni Vijay Somaiya will sell their stake through a mix of OFS and fresh equity worth Rs 400 crore.
After the issue, the promoters will continue to hold 75 per cent and Fila will remain the single-largest shareholder, Managing Director Raveshia said.
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