DOMS IPO Oversubscribed 20.23x, Retail Frenzy at 50.77x on Day 3


December 15, 2023

New Delhi, India

DOMS IPO Oversubscribed 20.23x

Subscription Details:

    1. The IPO was open for subscription from December 13 to December 15.
    2. On Day 3, the overall issue was subscribed 20.23 times.
    3. Retail investors booked 50.77 times of the issue, indicating strong interest from individual investors.

On Day 2, the IPO was subscribed 16.44 times, with retail investors dominating the subscription.

Subscription Breakdown:

      • Retail investors played a significant role, subscribing 44.71 times on Day 2 and 50.77 times on Day 3.
      • Non-Institutional Investors (NIIs) subscribed 27.38 times on Day 2.
      • Qualified Institutional Buyers (QIBs) portion was subscribed 1.24 times by the end of Day 2.

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Performance on Day 1:

    • On the first day, the IPO was subscribed 5.72 times.
    • Retail investors showed strong interest, with a subscription of 19.16 times on Day 1.
    • NIIs portion was subscribed 7.96 times, and the QIB portion was subscribed 6%.

Company Profile:

    • DOMS Industries is involved in designing, developing, producing, and marketing stationery and art products under the brand “DOMS.”
    • According to the Technopak Report, DOMS Industries is the second-largest player in the Indian market for branded stationery and art products, holding a market share of about 12% as of fiscal 2023.

IPO Price Band and Details:

    • The IPO price band is set in the range of ₹750 to ₹790 per equity share with a face value of ₹10.
    • The lot size is 18 equity shares, and multiples of 18 equity shares can be subscribed thereafter.
    • The IPO comprises a fresh issue of shares worth up to ₹350 crore and an offer for sale (OFS) of equity shares by promoters and others aggregating up to ₹850 crore.

Investor Participation:

    • The data suggests strong interest from retail investors, possibly driven by positive sentiment towards the company and the stationery and art products market.

Market Position:

    • The information provided positions DOMS Industries as a significant player in the Indian stationery and art products market, holding the second-largest market share.

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In summary, DOMS IPO seems to be generating considerable interest, particularly from retail investors. The oversubscription indicates a positive market sentiment towards DOMS Industries, and investors seem optimistic about the company’s future prospects. However, potential investors should conduct their own due diligence and consider various factors before making investment decisions.


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