Stationery and art products maker Doms Industries has finalised the much-awaited basis of allotment of its IPO shares on December 18. The participants in the Rs 1,200-crore offer can check their share allotment status either on the BSE website or the portal of the IPO registrar, in three easy steps:
On the BSE website,
a) Investor needs to select issue type 'equity' and issue name 'Doms Industries Limited'
b) Enter either 'application number' or 'PAN number'
c) Check box (I am not a robot) and finally click on 'search' button
In the case of IPO registrar's portal (Link Intime India),
a) Select the issue name in the dropdown 'Doms Industries Limited - IPO'
b) Select and accordingly enter either 'PAN' or 'application number' or 'DP Client ID'
c) Finally click on 'search' button
The equity shares of Doms will be credited to the demat accounts of successful investors by December 19. And the much-awaited listing of the stock will take place on the bourses with effect from December 20, i.e. T+3 timeline, as per the IPO schedule.
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The grey market premium indicated the blockbuster listing of Doms Industries. Healthy market share in the stationary and art products segment, strong financial performance and growth potential in the segment, overwhelming response to IPO and positive equity market conditions seem to be some of key reasons for the expectations of robust listing, experts said.
Doms Industries shares were available at 67 percent premium over the upper price band (Rs 790 per share), in the grey market, analysts on anonymity said. The grey market is an unofficial platform wherein the IPO shares can be bought and sold till the listing.
The Rs 1,200-crore initial public offering was subscribed 93.52 times during December 13-15, with bids for 82.64 crore equity shares against an IPO size of 88.37 lakh shares. Qualified institutional investors took the lead, buying 115.97 times the allotted quota, while high net-worth individuals and retail investors bid 66.51 times and 69.67 times the portions set aside for them.
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Employees, too, showed strong interest in the public issue, picking up 29.21 times the allotted shares.
The Gujarat-based company's IPO was a mix of fresh issue of Rs 350 crore worth shares, and an offer-for-sale (OFS) of Rs 850 crore share by the existing shareholders, including corporate promoter FILA.
Doms that enjoys 29 percent and 30 percent market share in core products such as pencils and mathematical instrument boxes in FY23, recorded a 567 percent on-year growth in net profit at Rs 95.8 crore for the year ended March FY23 and 77 percent increase in revenue at Rs 1,212 crore during the same period.
Its EBITDA (earnings before interest, tax, depreciation and amortisation) surged 149 percent YoY to Rs 186.7 crore in FY23 with margin expansion 444 bps compared to previous year.
The the second largest player in India’s branded stationery and art products market with a market share of 12 percent by value in FY23 will be using net fresh issue proceeds for new manufacturing facility to expand production capabilities for a wide range of writing instruments, water colour pens, markers and highlighters.
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