DOMS Industries IPO: Check worth, lot measurement, GMP, and key dates.
Unlisted shares of DOMS Industries are buying and selling a whopping Rs 400 increased within the gray market, which is 50.63% itemizing acquire from the general public problem
DOMS IPO Next Week: DOMS Industries, the second largest pencil-maker and writing devices participant within the Rs 38,000-crore stationery merchandise market, has mounted the value band for its upcoming preliminary public providing at Rs 750-790 per share. The IPO, which will probably be opened for public subscription between December 13 and December 15, is getting an amazing response within the gray market earlier than its launch.
The Rs 1,200-crore IPO of the Umbergaon-based agency includes a contemporary problem of Rs 350 crore and a proposal on the market (OFS) of Rs 850 crore.
The DOMS IPO will seemingly be listed on each BSE and NSE on December 18, whereas the share allotment is perhaps finalised on December 16.
DOMS Industries IPO GMP Today
According to market observers, unlisted shares of DOMS Industries are presently buying and selling a whopping Rs 400 increased within the gray market as in contrast with its problem worth. The Rs 400 gray market premium or GMP means the gray market is anticipating a 50.63 per cent itemizing acquire from the general public problem. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
DOMS Industries IPO Lot Size, Minimum Investment
The worth band of the IPO has been mounted at Rs 750 to Rs 790 per share. For traders, the minimal lot measurement to use for the IPO is eighteen shares. The minimal quantity of funding required by retail traders is Rs 14,220. The minimal lot measurement funding for NII is 15 heaps (270 shares), amounting to Rs 2,13,300, and for NII, it’s 71 heaps (1,278 shares), amounting to Rs 10,09,620.
DOMS Industries IPO Other Details
The problem will see its Italian accomplice Fila (Fabbrica Italiana Lapis ed Affini), which owns 51 per cent within the agency with an funding of about Rs 300 crore since 2012, promoting its stake for about Rs 800 crore.
The promoter household, led by Santosh Rasiklal Raveshia (managing director), Ketan Mansukhlal Rajani (director), Sanjay Mansukhlal Rajani, and Chandni Vijay Somaiya will promote their stake by way of a mixture of OFS and contemporary fairness value Rs 400 crore.
After the problem, the promoters will proceed to carry 75 per cent and Fila will stay the only-largest shareholder, Managing Director Raveshia stated.
