Stationery and art products manufacturer Doms Industries has set the price band for its initial public offering (IPO). The Rs 1,200 crore IPO of Doms Industries will open on December 13 and close on December 15. The IPO for anchor investors will open on December 12. Doms Industries has fixed a price band of Rs 750-790 per share for its IPO. Bids can be placed in lots of 18 shares. The company will issue 350 crore new shares in the IPO. Under the Offer for Sale (OFS), shares worth Rs 850 crore will be sold. Corporate promoter Fila or Fabrika Italiana Lepaiziada Afeni SPA will sell shares worth Rs 800 crore. Promoters Sanjay Manasukhlal Rajani and Ketan Manasukhlal Rajani will sell shares worth Rs 25 crore each in the OFS. The Italian group Fila holds a 51% stake in Doms. Santosh Rasiklal Ravesia, with a 17% stake, is the second-largest shareholder among promoters. According to the prospectus filed by Doms Industries on December 2, Sanjay Manasukhlal Rajani and Ketan Manasukhlal Rajani hold an 8.63% stake in the company. Chandni Vijay Somaiya, Sejal Santosh Ravesia, and Sheetal Hiren Parpani hold a 4% stake. Reserved shares In the IPO of Doms, shares worth up to Rs 5 crore have been reserved for the company’s employees. In addition, employees will also get a discount of Rs 75 per share at the final price. After removing the reserved portion for employees, the remaining portion will be called the net issue. Of these, 75% of the shares are reserved for institutional buyers, 15% for high net worth individuals (non-institutional investors) with a high value, and 10% for retail investors. Listing of shares The allocation of Doms Industries shares will take place on December 18, and the shares will be listed on the BSE and NSE on December 20. JM Financial, BNPP Paribas, ICICI Securities, and IIFL Securities are the merchant bankers for this issue, while Link Intime India is the registrar. Use of funds Doms will use the proceeds from the IPO to issue new shares for the construction of a new manufacturing facility. With the help of the new plant, the company will increase its production capacity for products such as pencils, watercolor pens, markers, and highlighters. In addition, the funds will also be used to fulfill general corporate objectives.
Doms Industries IPO ★Key Information
1. Doms Industries, a manufacturer of stationery and art products, has set the price band for its IPO.
2. The IPO, worth Rs. 1,200 crores, will open on December 13th and close on December 15th.
3. For anchor investors, the IPO will open on December 12th.
4. The price band for the IPO is set at Rs. 750-790 per share.
5. The lot size for the IPO is 18 shares.
6. The company will issue 350 crores worth of new shares in the IPO.
7. Under the offer for sale (OFS), shares worth Rs. 850 crores will be sold.
8. Corporate promoter Fila or Fabrika Italiana Lappaijda Afinni SPA will sell shares worth Rs. 800 crores.
9. Promoters Sanjay Manasukhlal Rajani and Ketan Manasukhlal Rajani will sell shares worth Rs. 25 crores each under the OFS.
10. Fila holds a 51% stake in Doms Industries, while Santosh Rasiklal Ravesia holds a 17% stake.
11. According to the draft red herring prospectus filed by Doms Industries on December 2nd, Sanjay Manasukhlal Rajani and Ketan Manasukhlal Rajani hold an 8.63% stake in the company.
12. Chandni Vijay Somaiya, Sejal Santosh Ravesia, and Sheetal Hiren Parpani hold a 4% stake in the company.
13. Reserved shares: Employees of Doms Industries have been reserved shares worth up to Rs. 5 crores. In addition, employees will also receive a discount of Rs. 75 per share on the final price.
14. After the reserved employee shares are deducted, the remaining shares will be referred to as the “Net Issue.”
15. 75% of the shares will be reserved for institutional buyers, 15% for high net worth individuals (non-institutional investors), and 10% for retail investors.
16. Listing of shares: The allocation of Doms Industries shares will take place on December 18th, and the shares will be listed on the BSE and NSE on December 20th.
17. JM Financial, BNPP Paribas, ICICI Securities, and IIFL Securities are the merchant bankers for this issue, while Link Intime India is the registrar.
18. Use of funds: Doms Industries will utilize the proceeds from issuing new shares to fund the construction of a new manufacturing facility. The new plant will increase production capacity for tools, watercolor pens, markers, and highlighters. Additionally, the funds will be used for general corporate purposes.
People Can Find This Information Useful for: Doms Industries, IPO, price band, December, anchor investors, lot size, new shares, OFS, corporate promoter, Fila, Santosh Rasesh Ravesia, Sanjay Manasukhlal Rajani, Ketan Manasukhlal Rajani, Chandni Vijay Somaiya, Sejal Santosh Ravesia, Sheetal Hiren Parpani, reserved shares, employees, listing, BSE, NSE, JM Financial, BNPP Paribas, ICICI Securities, IIFL Securities, Link Intime India, proceeds, manufacturing facility, tools, watercolor pens, markers, highlighters, production capacity, capital.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
