DOMS IPO To List On Dec 20. This Is What Grey Market Premium Indicates

The (IPO) allotment of DOMS Industries has been finalised and market observers tracking the grey market premium indicate that the company is all set for a bumper listing on Wednesday, December 20. DOMS Industries is a stationary and art products manufacturer and its IPO was subscribed 99.34 times, making it one of the most subscribed IPOs of 2023, after Plaza Wires, Utkarsh Small Finance Bank, and IdeaForge Technology. For an IPO in excess of 1,000 crore, it is the most subscribed IPO of the year. The company's three-day IPO worth ₹1,200 crore closed on Friday. However, the company raised only ₹350crore via the IPO as the rest of the portion was an Offer for Sale (OFS). DOMS Industries designs, develops, manufactures, and sells a wide range of stationery and art products, primarily under the flagship brand ‘DOMS’, in the domestic market as well as in over 45 countries internationally, as of September 30, 2023. They are the second largest player in India’s branded ‘stationery and art’ products market, with a market share of 12% by value, as of Fiscal 2023. How will it do on the listing day and should you take fresh calls if it's a bumper listing? Sakshi Batra explains.