DOMS Industries IPO: Price band fixed at Rs 750-790/share
The floor price is 75 times the face value while the cap price is 79 times.
Investors can make an application for the issue for a minimum of 18 shares and in multiples thereafter.
The company is offering a discount of Rs 75 per share to the eligible employees of the company.
Ahead of the issue, the company's shares are demanding a premium (GMP) of Rs 330 apiece in the grey market.
The company plans to raise Rs 1,200 crore from the public issue with fresh equity aggregating to Rs 350 crore and an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.
The offer is being made through the book-building process, where 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
The funds raised through the fresh issue are proposed to be utilised for the part funding of the cost of establishing a new manufacturing facility and for general corporate purposes.
Doms Industries designs, develops, manufactures, and sells a wide range of 'stationery and art' products, primarily under its flagship brand 'Doms', in the domestic market as well as in over 40 countries internationally.
Its core products such as pencils and mathematical instrument boxes enjoy high market shares — 29% and 30% by value in FY23 respectively.
