DOMS Industries IPO Sees Massive Demand In Grey Market; GMP Soars 80% In 2 Days

DOMS Industries a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of products like pencils and mathematical instrument boxes is all set to launch its IPO. DOMS Industries has set the price band for its maiden public issue at ₹750-790 per share. Investors can bid for a minimum of 18 equity shares in one lot and in multiples thereafter. The mainboard initial public offering (IPO) will open for bidding on December 13 and the closing date will be December 15. The anchor book will be opened for a day on December 12. Ahead of the issue launch, the shares of DOMS Industries are in high demand in the grey market. The current grey market premium (GMP) of the company stood at ₹410 apiece, as per market observers.