First Mainboard IPO Of December: DOMS Industries' Rs 1200 Crore IPO To Open This Week; Latest GMP Here

DOMS Industries is set to launch its Rs 1,200 crore worth initial public offering (IPO) on December 13. Subscriptions will be allowed till December 15th. This would be the first IPO to go public on the main board of BSE and NSE. The price bands have been fixed. The IPO is a mixture of fresh issue and offer for sale (OFS).

The IPO size comprised of a fresh issue worth Rs 350 crore, and an offer for sale (OFS) of up to Rs 850 crore. The offer also includes reservation of several equity shares aggregating up to Rs 5 crore for subscription by Eligible Employees under the Employee Reservation Portion.

Under the OFS, up to Rs 800 crore shares are to be offloaded by F.I.L.A.- Fabbrica Italiana lapis Ed Affini S.P.A., followed by equity shares worth Rs 25 crore each to be sold by Sanjay Mansukhlal Rajani, and Ketan Mansukhlal Rajani respectively. These two are the selling shareholders of the company and will receive the proceeds of the OFS.

The price band for the IPO is fixed at Rs 750 per Equity Share to Rs 790 per Equity Share. In consultation with its Book book-running lead Managers, the company may offer a discount of Rs 75 per share for employee reservations.

Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.

On Saturday, in the grey market, as per Investor Grain report, DOMS IPO's last GMP was Rs 385, last updated Dec 9th 2023 06:03 AM. With a price band of 790.00, DOMS IPO's estimated listing price is Rs 1175 (cap price + today's GMP). The expected percentage gain/loss per share is 48.73%.

The IPO will be opened for subscription for anchor investors on December 12. It will be opened on the primary market from December 13 to December 15.

Of the total size, about 75% of the issue is reserved for Qualified Institutional Buyers (QIBs), while 15% of the size will be allocated to Non-Institutional Bidders (NIIs), and the rest of 10% will be kept for Retail Individual Bidders.

JM Financial Limited, BNP Paribas, ICICI Securities Limited and IIFL Securities Limited are the book-running lead managers to the Offer.

DOMS is India's fastest-growing stationery products manufacturer, established in 1976. DOMS manufactures a wide range of products such as wooden polymer pencils, sharpeners, erasers, mathematical and drawing instruments, ballpoint pens and other range of student art materials.

The company launched its flagship brand, "DOMS" in 2005, which has taken large strides in revolutionising the Indian 'stationery and art material' industry. This was followed by a strategic partnership with a listed Italian multinational company, engaged in the supply of various 'art materials' and 'stationery products', with a global presence, F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (F.I.L.A.), Italy, in 2012, which has enabled the company to gain access to international markets for the distribution of its products, and augmentation of its R&D and technological capabilities.