DOMS IPO comprises fresh equity issue worth Rs 350 crore along with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.
Incorporated in 2006, DOMS Industries is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of products.
DOMS IPO To Open on Wednesday: Check GMP Today, Analysts’ Recommendations; unlisted shares of DOMS Industries continue to trade Rs 450 higher in the grey market, which is a 56.96% listing gain from the public issue
Doms Industries has reported a strong growth over the past four years by expanding the product portfolio and offering products at attractive price points. The company sells 75% of products to general trade on a cash and carry model, resulting in one of the lowest working capital days in the sector.