But not all of these shares will be for sale as a sizable portion of these is also held by promoters and groups, Nuvama has said. DOMS Industries will see 6 percent and India Shelter Finance 3 percent stake free up on January 17
DOMS Industries was commanding a grey market premium (GMP) of Rs 510, a 65 per cent premium over its issue price of Rs 790. India Shelters Finance Ltd was commanding a GMP of Rs 157, a 31.85 per cent premium over the issue price.
Ahead of the listing, the company s shares traded at a premium of Rs 157 in the unlisted market. At the upper price band, the company is valued at a P/BV of 2.4X with a market cap of Rs 5278 crore post the issue.