DOMS Industries IPO: Check GMP at this time, allotment date and subscription standing.
Unlisted shares of DOMS Industries are at present buying and selling Rs 526 larger within the gray market, which is a 66.58 per cent itemizing achieve from the general public difficulty
DOMS Industries IPO: The preliminary public supply of pencil maker DOMS Industries, which closed on Friday, December 15, obtained 93.40 occasions subscription on the ultimate day of bidding, pushed by overwhelming participation from institutional consumers. The Rs 1,200-crore preliminary public providing (IPO) obtained bids for 82,54,54,404 shares towards 88,37,407 shares on supply.
The portion for Qualified Institutional Buyers (QIBs) acquired subscribed a whopping 115.97 occasions whereas the quota for Retail Individual Investors (RIIs) obtained 69.10 occasions subscription. The class for non-institutional buyers attracted 66.47 occasions subscription.
The DOMS IPO share allotment could be finalised on December 18. It will possible be on each BSE and NSE on December 20.
The IPO was totally subscribed inside hours of its opening on December 13.
DOMS Industries IPO GMP Today
According to market observers, unlisted shares of DOMS Industries are at present buying and selling Rs 526 larger within the gray market as in contrast with its difficulty worth. The Rs 526 gray market premium or GMP means the gray market is anticipating a 66.58 per cent itemizing achieve from the general public difficulty. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
DOMS Industries IPO Details
The IPO had a recent difficulty of as much as Rs 350 crore and a suggestion on the market of Rs 850 crore.
The worth vary for the supply was Rs 750-790 a share. The IPO of DOMS Industries acquired totally subscribed inside hours of opening for bidding on Wednesday and eventually ended the day with 5.71 occasions subscription.
DOMS Industries has raised Rs 538 crore from anchor buyers. Funds raised by the recent difficulty could be used for organising a brand new manufacturing facility to increase the corporate’s manufacturing capabilities for a variety of writing devices, watercolour pens, markers and highlighters in addition to for common company functions.
JM Financial, BNP Paribas, ICICI Securities Ltd and IIFL Securities have been the managers to the supply.
