DOMS Industries Shares End At 68% Premium Over IPO Price
The shares debuted at Rs 1,400 apiece on the NSE and the BSE, a premium of 77.22%.
Shares of pencil maker DOMS Industries Ltd. ended on Wednesday at a premium of 68% over the IPO price on the BSE.
However, it declined 4.9% from its listing price to end at Rs 1,330.85 apiece on the BSE.
Shares of DOMS debuted at Rs 1,400 apiece on the NSE and the BSE, a premium of 77.22% over its IPO price of Rs 790 apiece.
The Rs 1,200-crore initial public offering was subscribed 93.52 times on its final day, led by institutional investors (115.97 times), retail investors (69.67 times), non-institutional investors (66.51 times), and a portion reserved for employees (29.21 times).
DOMS Industries has raised Rs 537.7 crore from anchor investors ahead of its IPO. The pencil maker allotted 68.06 crore shares at Rs 790 apiece to 55 anchor investors.
The IPO consists of a fresh issue of 44.3 lakh shares, aggregating up to Rs 350 crore, and an offer for sale of 1.08 crore shares of up to Rs 850 crore by promoters.
Business
DOMS Industries designs, develops, manufactures and sells a wide range of stationery and art products, primarily under their flagship brand, in the domestic market, as well as in over 45 countries internationally.
They are the second largest player in India's branded stationery and art products market, with a market share of 12% by value, as of the last fiscal.
The company aims to use the proceeds to establish a new manufacturing facility to expand production capabilities for a wide range of writing instruments, water-colour pens, markers and highlighters, and general corporate purposes.
