DOMS Industries IPO garners ₹537.7 crore from anchor investors ahead of the issue opening

“The IPO Committee of the company at its meeting held on December 12, 2023, in consultation with the Book Running Lead Managers to the Offer, has finalised allocation of 68,06,961 equity shares, to anchor investors at anchor investor allocation price of ₹790 per equity share (including share premium of ₹780 per equity share),” the company said in an exchange filing. 

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Out of the 68,06,961 equity shares that were allotted to aforementioned investors, the company stated in an exchange filing that 10, domestic mutual funds that have applied through a total of 27 schemes will receive 25,95,960 equity shares, or 38.14% of the total allocation to anchor investors.

Also Read: DOMS IPO opens today. GMP, date, review, other details. Apply or not?

The mutual funds list included SBI, HDFC, Nippon Life India, ICICI Prudential, Aditya Birla Sun Life Trustee, Axis, Invesco, ICICI Prudential Life Insurance Company, SBI Life Insurance Company, Max Life Insurance Company, Tata Mutual Fund, and Tata AIA Life Insurance Company.

DOMS Industries IPO details

DOMS Industries IPO will open for subscription today (Wednesday, December 13), and will close on Friday, December 15. DOMS Industries IPO price band has been set in the range of ₹750 to ₹790 per equity share of face value of ₹10. DOMS Industries IPO lot size is 18 equity shares and in multiples of 18 equity shares thereafter.

DOMS Industries IPO comprises a fresh issue of shares of up to ₹350 crore and an offer for sale (OFS) of equity shares with face value of ₹10 each by a promoter and others aggregating up to ₹850 crore. DOMS Industries IPO issue size is ₹1,200 crore.

Also Read: DOMS IPO: GMP jumps. Price, date, other details of upcoming IPO

The net proceeds from the new issue will be used, in part, to pay for general corporate purposes and the cost of building a new manufacturing facility to increase production capacity for a variety of writing instruments, watercolour pens, markers and highlighters.

The book running lead managers (BRLM) of the DOMS IPO are JM Financial Limited, BNP Paribas, ICICI Securities Limited, and IIFL Securities Ltd. The registrar of the DOMS IPO is Link Intime India Private Ltd.

DOMS Industries IPO GMP today

DOMS IPO GMP today or grey market premium is +495. This indicates DOMS share price were trading at a premium of ₹495 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of DOMS share price is ₹1,285 apiece, which is 62.66% higher than the IPO price of ₹790.

Based on last 12 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹495, as per investorgain.com analysts.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Also Read: DOMS Industries IPO opens tomorrow: Here’s what GMP trend signals ahead of subscription

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 13 Dec 2023, 09:08 AM IST