DOMS Industries’s IPO saw an overwhelming response, with subscriptions reaching 6.95 times the issue size. Bids have been placed for 6.13 crore shares, compared to 88.37 lakh shares available.
Retail investors and non-institutional investors show high interest:
- Retail investors showed great enthusiasm, purchasing 23.02 times their allotted share quota.
- Non-institutional investors also demonstrated strong interest, with their portion being subscribed 9.88 times.
- However, qualified institutional buyers had a slower start, acquiring only 0.06 times their quota. The price band for the issue is set at Rs. 750-790 per share.
- Multiple brokerages, such as Choice, Anand Rathi ,and Mehta Equities have given the issue a ‘subscribe’ rating.
DOMS Industries’s business overview:
DOMS Industries, established in 2006, is known for designing, developing, manufacturing, and selling a diverse range of stationery and art products in India and over 45 countries.
The company sells a wide range of these products under the flagship brand, DOMS, along with other brands.
The company is the second-largest player in India’s branded stationery and art products market.