DOMS IPO: Stationary products manufacturer plans to raise Rs 1200 crore

15 Feb 2023 , 11:49 AM

Stationery manufacturing company, DOMS Industries is planning to raise Rs 1,000-1,200 crore from the initial public offer in next 12-15 months. The company will use the net IPO proceeds for capacity expansion as most of the installed capacity is fully utilised.

As per the reports of the Economic Times, the company’s valuation is around Rs 3,500-4,000 crore. The company is promoted by Italian stationary major Fila group which holds 51% stake while remaining are with Indian promoters.

The revenue of Doms grew by 25% annually in the past six years to Rs 700 crore in FY22. In the current fiscal year, it is likely to report revenue of around Rs 1,000-1,050 crore as demand remains buoyant. Its promoter Fila had revenue of 635 million euros in 2021. It has a market capitalization of 329 million Euros.

Doms is the second largest pencil maker in India with a capacity of 6.5 million pencils per day, after privately held Hindustan Pencils, manufacturer of Natraj and Apsara pencils.

As per the reports, the company is in advance talks with JM Financials and ICICI Securities as the merchant bankers to the issue.