Public Market

IPO

Stationery products maker DOMS Industries' Rs.1,200-Cr IPO subscribed 93.4 times

Economic Times  

The initial public offer (IPO) of DOMS Industries was subscribed 93.40 times. The category reserved for retail investors was subscribed 69 times, followed by NIIs (non-institutional investors) at 66 times. The QIB (qualified institutional buyers) portion of the issue was booked 116 times. DOMS IPO consisted of a fresh equity issue worth INR 350 crore along with an offer for sale (OFS) of INR 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares. Doms Industries designs, develops, manufactures, and sells a range of stationery and art products, primarily under its flagship brand 'Doms', in the domestic market as well as in over 40 countries internationally. JM Financial, BNP Paribas, ICICI Securities and IIFL Securities are the bankers for the issue.