DOMS IPO fully subscribed in the first hour of opening; Check details here

13 Dec 2023 , 11:14 AM

The much-anticipated DOMS IPO kicked off today, with a subscription window that extends until December 15, 2023. Investors eyeing a stake in this promising venture can participate by subscribing to the IPO, which has set its price range at Rs 750 to Rs 790 per equity share. Click here to subscribe the IPO.

In the initial two hours of opening, the IPO witnessed remarkable traction, with an impressive subscription rate of 1.12 times by 11.10 AM. Notably, the portion reserved for retail investors experienced robust demand, witnessing 4.23 times, while non-institutional investors also exhibited keen interest, subscribing 1.20 times. The Qualified Institutional Buyers (QIB) portion is yet not subscribed.

Bidders can apply in lots, with one lot comprising 18 shares of the company.

Prior to the IPO launch, DOMS successfully secured Rs 538 crore from anchor investors, allocating 68,06,961 equity shares at Rs 790 per share. This pre-IPO funding reflects strong investor backing and sets a positive tone for the public offering.

To streamline the IPO process, Link Intime India Private Ltd has been appointed as the official registrar, ensuring a smooth and transparent subscription process for investors.

DOMS Industries, recognized for its flagship brand DOMS, specializes in the sale of stationery and art products. The company holds an impressive market share, commanding 29% and 30% in core products such as pencils and mathematical instrument boxes, respectively.