DOMS Industries Limited IPO
Introduction to DOMS Industries Limited
DOMS Industries Limited, established in 2006, is a prominent stationery and art product company renowned for its flagship brand, DOMS. With a primary focus on designing, developing, manufacturing, and distributing an extensive array of stationery and art products, the company has established a global presence, operating in over 40 countries as of March 31, 2023. DOMS Industries Limited holds significant market shares, boasting 29% and 30% in Fiscal 2023 for its core products—pencils and mathematical instrument boxes, respectively.
DOMS IPO Details
DOMS IPO is a book-built issue of Rs 1,200.00 crores, comprising a fresh issue of Rs 350.00 crores and an offer for sale of Rs 850.00 crores. Scheduled to open for subscription on December 13, 2023, and close on December 15, 2023, the IPO’s allotment is anticipated to be finalized on Monday, December 18, 2023. The company is set to list on BSE and NSE, tentatively on Wednesday, December 20, 2023.
| IPO Date | December 13, 2023 to December 15, 2023 |
| Listing Date | [.] |
| 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 |
| Share holding pre issue | 56,250,218 |
| Share holding post issue | 60,680,598 |
Product Offerings
The company’s product line spans seven distinct categories:
- Scholastic Stationery
- Scholastic Art Materials
- Paper Stationery
- Kits and Combos
- Office Supplies
- Hobby and Craft
- Fine Art Products
DOMS Industries Limited prides itself on delivering well-crafted and superior-quality stationery and art materials to its consumers. Notably, the company has exclusive partnerships with select entities of the FILA Group, enabling effective distribution and marketing of products across South Asia.
DOMS IPO Lot Size
| Retail (Min) | 1 | 18 | ₹14,220 |
| Retail (Max) | 14 | 252 | ₹199,080 |
| S-HNI (Min) | 15 | 270 | ₹213,300 |
| S-HNI (Max) | 70 | 1,260 | ₹995,400 |
| B-HNI (Min) | 71 | 1,278 | ₹1,009,620 |
Global Distribution Network
With a robust and diversified multi-channel distribution network spanning across the Americas, Africa, Asia Pacific, Europe, and the Middle East, DOMS Industries Limited has solidified its global presence as of March 31, 2023.
Financial Performance
DOMS Industries Limited witnessed remarkable financial growth, with revenue soaring by 77.28% and profit after tax (PAT) escalating by 500.18% between the financial years ending on March 31, 2023, and March 31, 2022.
Key Players
Book Running Lead Managers for the DOMS IPO include Jm Financial Limited, Bnp Paribas, ICICI Securities Limited, and Iifl Securities Ltd, while Link Intime India Private Ltd will act as the registrar for the issue.
Promoter Holding
The company’s promoters include Santosh Rasiklal Raveshia, Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani Chandni Vijay Somaiya, and Fabbrica Italiana Lapis ed Affini S.p.A.
Objectives of the IPO
The net proceeds of the Fresh Issue will be utilized for the following purposes:
Expansion of Manufacturing Facility: The company aims to partly finance the establishment of a new manufacturing facility to bolster its production capabilities for writing instruments, watercolour pens, markers, and highlighters.
General Corporate Purposes: The remaining net proceeds will be allocated towards general corporate requirements.
