DOMS Industries IPO: The IPO of stationery company Doms Industries has closed after being oversubscribed 93 times. Today was the last day to invest in IPO. The reserve category for institutional investors has been subscribed 116 times. Retail investors have also participated enthusiastically in this IPO. The quota for retail investors has been oversubscribed 70 times.
Today was the last day of application
Doms Industries is the country's largest stationery company. The company has raised Rs 1200 crore through its IPO. The IPO price band was fixed at Rs 750 – 790 for a share with a face value of Rs 10. The IPO opened on December 13, 2023 and December 15 was the last date to apply. The company has issued fresh shares worth Rs 350 crore in the IPO. Whereas shares worth Rs 850 crore have been raised through offer for sale.
Strong response from investors
According to the data available on BSE, Doms Industries had issued 47,80,001 shares to institutional investors in the IPO but applications have been received for a total of 55,43,40,644 shares and this category has been subscribed 116 times. 23,89,999 shares were reserved for non-institutional investors and applications were received for 15,89,68,098 shares and this category was subscribed 66.51 times. 15,93,33 shares were issued for retail investors and applications have been received for a total of 11,10,05,100 shares. This category has been subscribed a total of 69.67 times. 74,0754 shares were placed for employees and this was subscribed a total of 29.21 times.
Chances of listing on December 20
The way Doms Industries got the response from investors and the IPO was subscribed, those investors will be very lucky to be allotted shares. Shares will be allotted to investors on December 18 and the IPO is expected to be listed on the stock exchange on December 20.
GMP is Rs 520
Doms Industries' IPO is trading at a premium of Rs 520 in the gray market. The share with issue price of Rs 790 is expected to be listed on the stock exchange at around Rs 1110. That means successful investors can get around 66 percent return on their investment.
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