In alignment with market expectations, DOMS Industries Limited made its debut on Indian Stock Exchanges, opening at a 77 percent premium over the IPO price band. The DOMS Industries stock commenced trading at approximately Rs 1,405 on both the BSE and NSE, reflecting a 77.2 percent increase from its IPO price of Rs 790 at 10 am.
The initial public offering (IPO) of the pencil manufacturer, DOMS Industries, witnessed strong demand, with a subscription of 93.40 times on the final day of bidding, primarily fueled by robust participation from institutional buyers. The IPO, valued at Rs 1,200 crore, garnered bids for 82,54,54,404 shares against the available 88,37,407 shares, as reported by the NSE.
The Qualified Institutional Buyers (QIBs) segment witnessed an overwhelming subscription rate of 115.97 times, while the Retail Individual Investors (RIIs) category received a subscription of 69.10 times. The non-institutional investors’ segment attracted a subscription rate of 66.47 times.
The IPO included a fresh issue of up to Rs 350 crore and an offer for sale of Rs 850 crore, with an offer price range set at Rs 750-790 per share.
