DOMS Industries IPO Allotment Status successfully offered its IPO at a price range of Rs 750-790 per share, featuring a lot size of 18 shares. The bidding window was open from December 13 to December 15. The announcement of the allotment basis for DOMS Industries shares is anticipated on Monday, December 18. The company, known for its stationery and art products, experienced overwhelming investor interest, particularly from institutional bidders, throughout the three-day bidding period.
DOMS Industries IPO Allotment Status
The IPO, seeking to raise approximately Rs 1,200 crore, involved a fresh share sale of Rs 350 crore and an offer-for-sale (OFS) of up to 10,759,493 equity shares.
With an overall subscription of 93.52 times, the qualified institutional bidders (QIBs) category was oversubscribed by 115.97 times, while non-institutional investors subscribed 66.51 times. The retail investors and employees’ segments saw subscription rates of 69.67 times and 29.21 times, respectively.
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The Grey Market Premium (GMP) for DOMS Industries witnessed a significant surge due to robust investor participation, reaching Rs 520-530 per share, indicating a potential listing gain of 65-67 percent. This was an increase from the Rs 490-500 range observed before the commencement of the bidding process.
Established in 2006, DOMS Industries holds a prominent position in the stationery and art product sector, operating globally in over 40 countries. Brokerage firms expressed optimism about the company, citing its strong market share, growth potential, increasing demand for branded stationery products, and a robust distribution network.
JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities serve as the book running lead managers for the DOMS Industries IPO, while Link Intime India is appointed as the registrar for the issue. The company’s shares are scheduled to be listed on both BSE and NSE, with a tentative listing date of December 20, Wednesday.DOMS Industries IPO Allotment Status
Investors who participated in the DOMS Industries IPO can check their allotment status on the BSE website’s IPO application check page. Select ‘Flair Writing Industries Limited’ under the issue type, enter the application number, and add the PAN card number before completing the ‘I am not a Robot’ verification and hitting the submit button.DOMS Industries IPO Allotment Status
Alternatively, investors can check the allotment status on the online portal of Link Intime India, the registrar to the issue. Choose ‘DOMS Industries’ in the dropbox, enter either the PAN card number, Application Number, or DP Client ID, and click ‘search’ to retrieve the allotment status for the application.DOMS Industries IPO Allotment Status
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