The share allotment process of DOMS Industries IPO, which was open for public subscription between December 13 and December 15, has started today, Monday, December 18. Applicants have started receiving messages regarding the allotment. The listing is now expected to take place on Wednesday, December 20, on both BSE and NSE.
The Rs 1,200-crore IPO received 93.40 subscription, getting bids for 82,54,54,404 shares against 88,37,407 shares on offer.
The IPO was fully subscribed within hours of its opening on December 13.
DOMS Industries IPO: How To Check Allotment Status
The IPO allotment status can soon be checked by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘DOMS Industries Limited’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime portal — linkintime.co.in/mipo/ipoallotment.html and check DOMS Industries IPO allotment status.
DOMS Industries IPO GMP Today
According to market observers, unlisted shares of DOMS Industries are currently trading Rs 490 higher in the grey market as compared with its issue price. The Rs 490 grey market premium or GMP means the grey market is expecting a 62.03 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
DOMS Industries IPO Details
The IPO was a fresh issue of up to Rs 350 crore and an offer for sale of Rs 850 crore. The price range for the offer was Rs 750-790 a share.
The IPO of DOMS Industries got fully subscribed within hours of opening for bidding on Wednesday and finally ended the day with 5.71 times subscription.
DOMS Industries has raised Rs 538 crore from anchor investors. Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand the company’s production capabilities for a range of writing instruments, watercolour pens, markers and highlighters as well as for general corporate purposes.
JM Financial, BNP Paribas, ICICI Securities Ltd and IIFL Securities were the managers to the offer.
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