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DOMS plans to raise up to Rs 1200 crore through an initial public offering. The subscription for the IPO will be open from December 13 to December 15, 2023. The price band is set at Rs 750 – Rs 790 per share.
The IPO consists of fresh issue of shares worth Rs 350 crore and offer for sale of equity shares worth Rs 850 crore. The face value is fixed at Rs 10 per share and the minimum lot size for an application is 18 shares.
Company Summary
DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS along with other sub-brands including C3, Amariz, and Fixyfix.
The company offers stationery and art materials to consumers like scholastic stationery, scholastic art materials, paper stationery, kits and combos, office supplies, hobby and craft, and fine art products.
The company has an exclusive tie-up with certain entities of the FILA Group for the distribution and marketing of their products in South Asia. Also has a strong, global multi-channel distribution network in over 45 countries in the USA, Africa, Asia Pacific, Europe, and the Middle East.
The company operates 13 manufacturing facilities in Umbergaon, Gujarat, spread over an area of about 34 acres, equipped with modern and automated production processes.
Company Strengths
- Experienced promoters supported by a professional senior management team.
- The second largest player in India’s branded ‘stationery and art’ products market, with a market share of 12%
- Marketed Sub-brands including ‘C3’, ‘Amariz’, and ‘Fixyfix’
- A widespread multi-channel distribution network with a strong Pan-India presence and a global footprint
Company Financial
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 829.46 | 639.78 | 497.46 | 457.52 |
Revenue | 764.22 | 1,216.52 | 686.23 | 408.79 |
Profit After Tax | 73.91 | 102.87 | 17.14 | -6.03 |
Net Worth | 397.61 | 337.43 | 247.25 | 233.61 |
Reserves and Surplus | 341.36 | 337.06 | 246.87 | 233.24 |
Total Borrowing | 176.38 | 100.07 | 84.90 | 97.27 |
Purpose of the IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Proposing to partly finance the cost of establishing a new manufacturing facility to expand its production capabilities for a wide range of writing instruments, watercolour pens, markers, and highlighters.
- General corporate purposes.
Company Promoters
The promoters of the company are Santosh Rasiklal Raveshia, Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani Chandni Vijay Somaiya and Fabbrica Italiana Lapis ed Affini S.p.A
IPO Details
IPO Date | December 13, 2023 to December 15, 2023 |
Face Value | ₹10 per share |
Price Band | ₹750 to ₹790 per share |
Lot Size | 18 Shares |
Total Issue Size | 15,189,873 shares (aggregating up to ₹1,200.00 Cr) |
Fresh Issue | 4,430,380 shares (aggregating up to ₹350.00 Cr) |
Offer for Sale | 10,759,493 shares of ₹10 (aggregating up to ₹850.00 Cr) |
Employee Discount | Rs 75 per share |
Issue Type | Book Built Issue IPO |
Listing at | BSE, NSE |
IPO Lot Size
Application | Lots | Shares | Amount |
Retail (Minimum) | 1 | 18 | ₹14,220 |
Retail (Maximum) | 14 | 252 | ₹199,080 |
Small HNI (Minimum) | 15 | 270 | ₹213,300 |
Small HNI (Maximum) | 70 | 1,260 | ₹995,400 |
Large HNI (Minimum) | 71 | 1,278 | ₹1,009,620 |
Allotment Details
Event | Date |
Allotment of Shares | December 18, 2023 |
Initiation of Refunds | December 19, 2023 |
credit of Shares to Demat Account | December 19, 2023 |
Listing Date | December 20, 2023 |
To check allotment, click here