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DOMS IPO Opens Today: Here's Everything to Know
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DOMS Industries Limited IPO - Opening Today Know Complete Details
Established in 1976, DOMS is a prominent Indian stationery manufacturer, recognized for its 'DOMS' brand. With a 30% market share in key products and a strategic partnership with FILA since 2012, DOMS is a leading player in the stationery and art market.
IPO Overview
The IPO subscription period is set from December 13 to December 15, 2023, with a price band of Rs. 750 to Rs. 790 per share. The listing date is December 20, 2023, and the total issue size is Rs. 1,200.00 CR.
Financial Snapshot (FY 2023):
As of September 30, FY 23, DOMS reported total assets of Rs. 829.46 Crore, total revenue of Rs. 764.22 Crore, and a net profit of Rs.73.91 Crore.
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IPO Details
The lot size is 18 shares, priced at Rs. 14,220. The allocation is 75% for QIBs, 10% for retail investors, and 15% for HNIs.
Revenue Breakdown (FY 2023)
Key product segments include Scholastic stationery (45.62%), Scholastic art material (26.13%), and Paper stationery (9.95%).
The objective of the Issue
Proceeds from the IPO will be used to expand production facilities for writing instruments and for general corporate needs.
Promoters and Management
Promoters include Santosh Rasiklal Raveshia, Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani, Chandni Vijay Somaiya, and Fabbrica Italiana Lapis ed Affini S.p.A.
IPO Valuation
The issue price is Rs. 750 to Rs. 790 per share, resulting in a P/E ratio of 43.19 based on an EPS of Rs. 18.29.
Dividend Policy
While dividends were paid in 2022 and 2023, future dividends are uncertain and subject to profits and economic conditions.
IPO GMP Today
The Latest GMP of DOMS IPO stands at Rs. 505.
Conclusion
In conclusion, DOMS Industries Limited's IPO offers insights into a well-established company with strengths in brand recognition and international partnerships. Investors should consider challenges such as concentration risk and potential limitation threats.
Click Here for Detailed Analysis of DOMS IPO
Frequently Asked Questions
Established in 1976, DOMS holds a substantial 30% market share in key products and has a strategic partnership with FILA, making it a leading name in the stationery and art market.
The subscription period is from December 13 to December 15, 2023, with a price band of Rs. 750 to Rs. 790 per share. The listing date is December 20, 2023.
The lot size is 18 shares, priced at Rs. 14,220. The allocation is 75% for QIBs, 10% for retail investors, and 15% for HNIs.
The issue price ranges from Rs. 750 to Rs. 790 per share, resulting in a P/E ratio of 43.19 based on an EPS of Rs. 18.29.
As of now, the GMP for DOMS IPO stands at ₹200.
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