DOMS Industries IPO allotment today: Check your application, latest GMP and listing date

DOMS Industries is likely to announce its basis of allotment for its recently concluded IPO today, that is Monday, December 18. It is possible that the applicants may get emails or messages for debit of funds or revocation of mandates by Tuesday, December 19. The primary offering of the stationery and art products player had received a bumper response from investors.

The DOMS Industries, which ran from December 13 to December 15, sold its primary stake sale in the price band of Rs 750-790 per share, with a lot size of 18 shares. The company aimed to raise about Rs 1,200 crore from its primary offering, which included a fresh share sale of Rs 350 crore and offer-for-sale (OFS) of up to 10,759,493 equity shares.

The issue was overall subscribed 93.52 times, thanks to heavy bidding from qualified institutional bidders (QIBs), whose quota was booked 115.97 times. The allocation for non-institutional investors' category was subscribed 66.51 times. The quota reserved for retail investors and employees was subscribed 69.67 times and 29.21 times, respectively during the three-day bidding.

Also read: DOMS Industries IPO subscribed 69 times on Day 3 so far; grey market premium rises

Grey market premium (GMP) of DOMS Industries has seen a healthy rise, following the robust bidding from categories of investors. Last heard, the company was commanding a premium of Rs 540-550 per share, suggesting a listing pop of around 70 per cent for the investors. However, it was around Rs 490-500, before the bidding for the issue commenced.

Incorporated in 2006, DOMS Industries stands as a prominent entity in the stationery and art product sector. It specializes in the conception, advancement, production, and commerce of a diverse array of items, all falling under the flagship brand name 'DOMS'. The company has cultivated a global footprint, spanning across more than 40 countries.

Brokerage firms were mostly positive on the issue of DOMS Industries and suggested subscribing to subscribe it following the strong market share, growth potential, ast-growing demand for branded stationery products and robust distribution network in the country or across the globe.

JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities are the book running lead managers for the DOMS Industries IPO, with Link Intime India appointed for the issue. Shares of the company will be listed on both BSE and NSE, with December 20, Wednesday, as the tentative date of listing.

Investors, who bid for the issue of DOMS Industries, can check the allotment status on the BSE website's IPO application check page. Check-in equity, under the issue type and select DOMS Industries Limited in the dropbox; type-in the application number and add the PAN card number before checking-in at 'I am not a Robot' before hitting the submit button.

Allotment status can also be checked through the online portal of Link Intime India, the registrar to the issue. Visit the web portal of Link Intime and select the IPO of DOMS Industries in the dropbox. Enter the either PAN Card number, Application Number or DP Client ID as selected tab and hit 'search' to get the allotment status for your application.
 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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