Doms Industries shrugs off market fall, closes with 68% rally on debut

Doms Industries sees bumper listing

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26 Aug, 2025 12:21

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Doms Industries shares completely shrugged off the market correction and recorded a 68 percent rally on December 20, the listing day. The benchmark index BSE Sensex plunged more than 900 points.

The stock opened 77 percent higher at Rs 1,400 on the NSE, which was largely on expected lines given the solid subscription numbers, healthy financial record and strong market mood. It touched a day's high of Rs 1,434, up 81.5 percent.

The equity markets corrected sharply in the afternoon, but the stock remained strong and stayed above Rs 1,300 throughout the session. It settled at Rs 1,326, up 67.85 percent with a volume of 1.46 crore equity shares on the NSE, while on the BSE, it was up by 68.46 percent at Rs 1,330.85, with a volume of 7.76 lakh shares.

"DOMS listed well in line with our expectations," Prashanth Tapse, Senior VP Research at Mehta Equities said.

Also read: DOMS Industries debuts with 77% premium: Should you buy, hold or book-profit?

Shivani Nyati, head of wealth at Swastika Investmart said its strong brand, diverse product portfolio, and robust manufacturing position it well for continued growth. DOMS has demonstrated impressive financial growth in recent years, solidifying its market position and future potential, she added.

The Gujarat-based stationery and art products manufacturing company has raised Rs 1,200 crore through its initial public offering which was comprised of a fresh issuance of shares worth Rs 350 crore, and an offer-for-sale of Rs 850 crore by the existing shareholders.

The price band for the offer, which was subscribed 93 times during December 13-15, was Rs 750-790 per share.

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