DOMS Industry IPO: Avoid or Subscribe? Check Anil Singhvi's view

DOMS IPO, DOMS IPO Subscriptions Status: DOMS Industry IPO is now open for subscription and will close on December 15. The price band of the offer has been fixed in the range of Rs 750–790 per share. 

DOMS Industry IPO: Subscription Status

DOMS Industries IPO subscription status was 1.66 times at 11:58 IST. Last seen, the DOMS IPO retail investors portion was subscribed 6.64 times, signalling a good response. Also, the NII portion is subscribed 1.58 times. 

DOMS Industry IPO: Should you subscribe? Check Anil Singhvi's View 

According to Zee Business Managing Editor Anil Singhvi, investors should bid for strong listing gains. Singhvi said that whether one should keep it for the long term or not would be decided after the listing.

#IPOAlert : आज से खुलेगा DOMS Industries IPO, प्राइस बैंड: ₹750-790/शेयर...

DOMS इंडस्ट्रीज में क्या पॉजिटिव, कहां है जोखिम?

इन्वेस्टर्स क्या करें, इश्यू को Apply करें या नहीं?

जानिए IPO पर एनालिसिस @AnilSinghvi_ से...#DOMSIndustriesIPO #StockMarket #Investment #IPO pic.twitter.com/5PugBq4jH9

— Zee Business (@ZeeBusiness) December 13, 2023

DOMS Industry IPO: Positives

- DOMS is quite a strong brand

- Experienced promoters

- Strong distribution network

- Good track record in terms of growth and is a market leader with 30 per cent shares in pencil products

DOMS Industry IPO: Negatives

- The company is already working at 93 per cent capacity

- Future growth is not clear

- New capacity will be added in three years

- Huge competition in this segment

The public issue of the Umbergaon-based firm comprises a fresh issue of Rs 350 crore and an Offer For Sale (OFS) of Rs 850 crore.

DOMS IPO listing date

The share of DOMS Industries are likely to be listed on the bourses on December 20. The stock will be traded on the bourses, BSE and NSE.

DOMS IPO: Book-running lead managers

JM Financial Limited, BNP Paribas, ICICI Securities, and IIFL Securities are the book-running lead managers of the DOMS IPO, while Link Intime India Private is the registrar for the issue.

The issue will see its Italian partner Fila (Fabbrica Italiana Lapis ed Affini), which owns 51 per cent in the firm with an investment of about Rs 300 crore since 2012, selling its stake for about Rs 800 crore.

The OFS comprises selling shares worth up to Rs 800 crore by Fila, and Rs 25 crore each by Sanjay Rajani and Ketan Rajani.